Provides information on Fannie Mae initiatives and upcoming milestones, and what lenders need to know to successfully navigate the changes ahead.
Describes how Fannie Mae and Freddie Mac (the GSEs) are publishing Appendix I: UCD Delivery Specification to further support implementation of the Uniform Closing Dataset (UCD).
The Uniform Closing Dataset (UCD) is a component of the Uniform Mortgage Data Program (UMDP), an ongoing effort by Fannie Mae and Freddie Mac at the direction of our regulator, the Federal Housing Finance Agency, to provide a common industry dataset to support the Consumer Financial Protection Bureau’s (CFPB) Closing Disclosure.
The Uniform Collateral Data Portal (UCDP) is a technology application through which lenders electronically submit appraisal reports for conventional mortgages to be delivered to Fannie Mae or Freddie Mac.
The Uniform Appraisal Dataset (UAD) was jointly established by Fannie Mae and Freddie Mac to provide common requirements for appraisal data.
The Uniform Loan Delivery Dataset (ULDD) was jointly established by Fannie Mae and Freddie Mac to provide common requirements for loan delivery data.
A new Quarterly Compass is available with news and updates on the Uniform Closing Dataset, eClosings and eMortgages, Form 582, Community Seconds, as well as Collateral Underwriter, DU, EarlyCheck, and Condo Project Manager.