The Uniform Loan Delivery Dataset (ULDD) was jointly established by Fannie Mae and Freddie Mac to provide common requirements for loan delivery data.
Begin testing the Dec. 1 enhancements in the new Loan Delivery Test Environment (LDTE). To support testing, several new resources are available: User Guide, Business Rules Dictionary, Test Cases, and more.
The update includes allowing cash back on pair-offs of a mandatory whole loan commitment to all Fannie Mae-approved lenders as a standardized process; update as it pertains to the required documentation for removing recourse from HomeStyle Renovation mortgages; align the requirements for attached PUD units with the existing requirements for detached PUD units; policy changes pertaining to self-employed income policy; and other miscellaneous updates and changes.
Access the Guide via the link below or AllRegs.com.
Provides information on Fannie Mae initiatives and upcoming milestones, and what lenders need to know to successfully navigate the changes ahead.