Optigo (Freddie Mac Multifamily)

Optigo is the brand name for Freddie Mac's network of approved multifamily lenders, formerly known as Program Plus. These lender partners originate and service apartment loans that are ultimately purchased or securitized by Freddie Mac. Like Fannie Mae's DUS program, Optigo lenders operate under detailed guidelines that govern all aspects of loan origination and servicing, including insurance requirements.

Freddie Mac's multifamily insurance requirements are published in the Freddie Mac Multifamily Seller/Servicer Guide and specify the types of coverage, minimum limits, deductible thresholds, and administrative requirements that borrowers must satisfy. The requirements are similar to Fannie Mae's DUS standards but have their own specific provisions that may differ in detail.

Apartment owners with Freddie Mac Optigo financing should obtain a copy of the applicable insurance requirements from their servicer and review them with their insurance advisor before each renewal. Common areas of non-compliance include deductibles that exceed the maximum threshold, insufficient loss of rents coverage periods, missing or inaccurate mortgagee language, and late delivery of certificates of insurance. Proactive compliance management avoids the risk of lender-placed insurance and ensures a smooth loan servicing relationship.