The Uniform Loan Delivery Dataset (ULDD) was jointly established by Fannie Mae and Freddie Mac to provide common requirements for loan delivery data.
The update includes removal of the requirement that revolving account be closed at or prior to closing in order to exclude the payment from the DTI ratio; extension of DU Refi Plus & Refi Plus; updates to information about the Affidavit of Affixture for manufactured housing loans; clarification of CLTV & HCLTV ratio requirements for project reviews for FL condos; replacement of references to “eCommitting”, “eCommitONE”, “National Underwriting Center” & “NUC”; and other misc. updates and changes.
The March 2015 Uniform Loan Delivery Dataset (ULDD) Phase 2 Announcement has been updated to further clarify web browser requirements and recommendations.
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.