Provides information on Fannie Mae initiatives and upcoming milestones, and what lenders need to know to successfully navigate the changes ahead.
Describes Fannie Mae's and Freddie Mac's announcement of the new collection timeline for 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.
Learn about the new Loan Delivery test environment, CU, DU, EarlyCheck, and more in the September edition of the Quarterly Compass, featuring a bold new design.
A new solution will be implemented in the UCDP within Q1 2016 to provide correspondent lenders the ability to easily share appraisal information in UCDP with their aggregators.