The new three-page Quarterly Compass summarizes what’s new with the UCD collection solution, HARP extension, redesigned URLA,
Loan Delivery and EarlyCheck releases, Fannie Mae Connect, new webinars, and more.
Fannie Mae and Freddie Mac announced that the UCD data will be required in Q3 2017. As a reminder, each GSE will have separate
system implementation and testing timelines for their own collection solution.
The GSEs have developed standardized Condo Project Questionnaire forms (1076/1077). Although optional, these forms are encouraged
as they provide lenders a clear and consistent approach to collecting information from HOAs regarding condo projects.
This helpful hints checklist provides technology solution providers, as well as lenders who are building UCD files, with assistance
in constructing the UCD file including XML structure considerations, required UCD data points, and more.