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 allowing certain transactions involving affordable LTV ratio calculations be underwritten by DU; increased LTV, CLTV, and HCLTV ratios for certain Limited Reviews of condo projects; updates for leased solar panels; clarification of the “value” used to determine mortgage insurance coverage for New York properties, including co-ops; and other miscellaneous updates and changes.
Certain states now require loan origination companies to register with NMLS. Refer to the updated Loan Origination FAQs for updated delivery information.
New and improved, more intuitive edit messaging is coming to EarlyCheck in September to enhance lenders’ ability to quickly resolve delivery issues prior to delivery.
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.