Fannie Mae and Freddie Mac have jointly developed a new specification to support the delivery of eNotes to the GSEs. The new eNote version will comply with MISMO 3.0 and offer improved functionality and greater clarity. The GSEs anticipate accepting eNotes in the new format starting in Q2 2018.
The UCD is an ongoing effort by Fannie Mae and Freddie Mac to provide a common industry dataset to support the Consumer Financial Protection Bureau’s (CFPB) Closing Disclosure.
The 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 UAD was jointly established by Fannie Mae and Freddie Mac to provide common requirements for appraisal data.
The ULDD was jointly established by Fannie Mae and Freddie Mac to provide common requirements for loan delivery data.
Fannie Mae and Freddie Mac revised and redesigned the URLA and developed a corresponding standardized dataset, the Uniform Loan Application Dataset (ULAD). The revised URLA form provides lenders and borrowers with greater clarity and an easier, more consumer-friendly loan application.
Offering improved functionality and greater clarity to support delivery of eNotes for eMortgages.
The GSEs have announced minor updates to the ULDD Phase 3 specification as well as our implementation dates for the collection of the new HMDA data. Loan Delivery will accept this data for delivery as of Dec. 18.
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