The GSEs have developed standardized forms to provide lenders a clear and consistent approach to collecting information from HOAs regarding condo projects.
Provides information on Fannie Mae initiatives and upcoming milestones, and what lenders need to know to successfully navigate the changes ahead.
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.
Fannie Mae and Freddie Mac are revising and redesigning the Uniform Residential Loan Application (URLA) and developing a corresponding standardized dataset, the Uniform Loan Application Dataset (ULAD). The revised URLA form will provide lenders and borrowers with greater clarity and an easier, more consumer-friendly loan application.
The GSEs have published a Monthly Update to the UCD Appendices A/B and H/I, providing implementers with timely notice of UCD corrections. Changes will be published on the last Tuesday of each month, then included in the next full release of the UCD documentation.
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.