Our April Loan Selling Advisor® updates can support your loan delivery and improve your processes. Topics include:

  • Customer Test Environment (CTE) for Uniform Loan Delivery Dataset (ULDD) Phase 5 – UAD 3.6 plus more ULDD Updates
  • Home Possible® Very Low-Income Purchase (VLIP) Credit Update
  • Recapture of Premiums and Reimbursement of Buyup Proceeds
  • Data Comparison Edits
  • Loan Certificate Modernization
  • Remote Online Notarization (RON) Indicator
  • Loan Allocation Modernization: Add/Remove Loan(s) Contract Screen
  • Purchase Eligibility Edits – ACE+ PDR (automated collateral evaluation plus property data report) Upgrade to Hybrid
  • Purchase Eligibility Edits – Monthly Housing Expense and Total Liabilities
  • Create, Modify and Evaluate Loan User Interface (UI) Redesign
  • Best Efforts Redesign

And more.

NOW LIVE

Test the ULDD Phase 5 - UAD 3.6 Alignment plus more ULDD Updates

Testing Information

Have you accessed the customer test environment (CTE) to test Uniform Loan Delivery Dataset (ULDD) Phase 5 UAD 3.6 Alignment updates?

The Loan Selling Advisor pre-production CTE opened on March 17, 2025, and will be available through July 25, 2025. You can test your integration for the new requirements outlined in the ULDD September 12, 2023, announcement for the July 28, 2025 mandate.

Use this link to access the CTE: https://las-uat3.fmappsuat.fmrei.com/lsp_uat3/las-sec/.

User credentials (user ID and password) for the pre-production CTE are the same for production baseline CTE. Sellers/Servicers or Software Partners can request access to our test environments at any time by contacting your Freddie Mac representative.

Other ULDD Guide Revisions and Announcements 

In addition, the Single-Family Seller/Servicer Guide (Guide) Bulletin announced delivery instructions and Uniform Loan Delivery Dataset (ULDD) revisions:

  • Updated implementation notes to clarify the requirements for delivering the Universal Loan Identifier (ULI) if required, pursuant to HMDA Reporting and available at loan delivery (Sort IDs 403.1/403.2). The revised information is available in the March 5, Guide Bulletin, 2025-3.
  • Updated the notes in the Guide to more closely align with the requirements for subject properties valued by a full appraisal or hybrid appraisal for Bedroom Count (Sort ID 77) and Property Dwelling Unit Eligible Rent Amount (Sort ID 78) (aligns with the ULDD specification). The revised information is available in the April 2, Guide Bulletin, 2025-4.

For the complete list of updates and additional information, please refer to the Guide Bulletin, and the ULDD Revisions webpage.

Home Possible® VLIP Credit Update

As announced on December 12, in Guide Bulletin 2024-H, we’re extending the $2,500 Home Possible Very-Low Income Purchase (VLIP) Mortgages Credit, originally announced in Guide Bulletin 2024-A. For mortgages with settlement dates on or after March 1, 2025, and on or before February 28, 2026, the updated eligibility will require at least one borrower be a first-time homebuyer, in accordance with Guide Exhibit 1, Instructions for Completing the Borrower First Time Homebuyer Indicator.

To receive this credit on eligible loans, Sellers must deliver the following ULDD data points:

  • Loan Program Identifier (Sort ID 404) and enter a valid value of “Home Possible Mortgage.”
  • Investor Feature Identifier (Sort ID 368) and enter a valid value of “K10,” indicating Home Possible VLIP Mortgage Credit.

The requirements in Bulletin 2024-A continue to apply for mortgages with settlement dates on or before February 28, 2025.

Please refer to Guide Exhibit 19, Credit Fees, for additional information.

COMING SOON

Recapture of Premiums and Reimbursement of Buyup Proceeds

As announced on February 5, in Guide Bulletin 2025-1, effective for loans with settlement dates on or after May 1, 2025, there will be a new fee for mortgages paid off within 120 days after the funding date or settlement date.

Mortgages delivered through the Guarantor or MultiLender Swap program will be assessed an early payoff fee, which is defined in Section 6303.5 as an amount equal to 100 basis points (1%) of the outstanding unpaid balance (UPB) of the mortgage on the funding date.

Mortgages delivered through the Cash program will be assessed a premium recapture fee. This is defined in Section 6303.5 as the premium paid for the mortgage calculated as the amount by which the purchase price exceeded the par price, after netting out the delivery fees minus a process fee not to exceed 50 basis points, multiplied by the outstanding UPB of the mortgage on the funding date.

Data Comparison Edits

As previously announced in February, effective May 19, critical purchase eligibility edits in Loan Selling Advisor will fire if the following ULDD data points do not match their equivalent in Loan Product Advisor® (LPA®):

  • Property Usage Type (Sort ID 69)
  • Loan Amortization Type (Sort IDs 138, 333, 461)
  • Loan Program Identifier (Sort ID 404)
  • Mortgage Type (Sort IDs 317, 347, 472)
  • Employment Borrower Self Employed Indicator (Sort ID 600)

As part of our continued effort to improve data consistency between our underwriting and loan delivery systems, effective June 2, 2025, we’ll introduce warning edits in Loan Selling Advisor if the following ULDD data points (Sort IDs) in Loan Selling Advisor do not match with their equivalent in LPA. These edits will convert to critical effective September 1.

  • Construction Method Type (Sort ID 51/52)
  • Financed Unit Count (Sort ID 57)
  • Property Valuation Amount (Sort ID 83)
  • Borrower Reserves Monthly Payment Count (Sort ID 287)
  • Loan Maturity Period Count (Sort ID 257)

Loan Certificate Modernization

Effective June 2, the ‘Review Certification Issues’ screens will be redesigned to enhance the user experience and simplify some navigational options for easy access.

This improved version introduces a cleaner, more organized and a more streamlined customer interaction.

The enhancements include a new panel at the top of the screen for ease of navigation, action buttons and a filter view.

Remote Online Notarization Indicator

Effective June 2, 2025, Freddie Mac is adding the Remote Online Notarization (RON) Indicator attribute to Loan Selling Advisor for Servicing Released contracts. Expect to see the new indicator both in the GUI and APIs for:

  • Rate Sheet Pricing
  • Take Out Cash Contract/Import
    • You may manually create new contracts with the RON indicator starting June 2, 2025.
    • You may import new contracts with the RON indicator at the end of July 2025.

Loan Allocation Modernization: Add/Remove Loan(s) Contract Screen

Effective June 30, 2025, you’ll see improvements in Loan Selling Advisor when adding or removing loans to a Cash Purchase Contract or MultiLender Swap contract. The Contract Allocation screens in Loan Selling Advisor are undergoing a redesign to improve customer engagement, simplify workflows and meet the Freddie Mac user experience standard. Enhancement includes a modernized look and feel to the Add and Remove Loans features on the Contract Screen to give an enhanced functionality for better efficiency amongst users. Here’s what to expect:

  • Add Loan(s) radio button on the Cash Contract Details screen
  • Remove Loan(s) button on the Cash Contract Details screen
  • Add Loan(s) radio button on the Contract Details screen
  • Remove Loan(s) radio button on the Contract Details screen

Ultimately, this is not a functional change, but the enhanced look and feel will create a more user-friendly experience.

Purchase Eligibility Edits - ACE+PDR Upgrade to Hybrid

As announced in Bulletin 2024-3, for ACE+ PDR upgrade to Hybrid, a value of Hybrid Appraisal must be entered in ULDD Data Point Property Valuation Method Type (Sort IDs 89/90). Effective June 30, a critical purchase eligibility edit will fire in Loan Selling Advisor if ULDD Data Point Investor Feature Identifier (Sort ID 368) contains the value “J44” and ULDD Datapoint Property Valuation Method Type (Sort ID 89/90) is not Hybrid Appraisal.

Purchase Eligibility Edits - Monthly Housing Expense and Total Liabilities

Effective June 30, a critical purchase eligibility edit will be introduced in Loan Selling Advisor to require ULDD Data Point Total Liabilities Monthly Payment Amount (Sort ID 290) to be greater than or equal to ULDD Data Point Total Monthly Proposed Housing Expense Amount (Sort ID 292) for investment property mortgages. Guide Section 5401.2 requires the monthly housing expense payment amount to be included in the debt-to-income (DTI) ratio. As total liabilities are inclusive of monthly housing expense, ULDD Data Point Total Liabilities Monthly Payment Amount (Sort ID 290) should never be less than ULDD Data Point Total Monthly Proposed Housing Expense Amount (Sort ID 292). Please refer to Guide Section 5401.1 for information on establishing the monthly housing expense for mortgages secured by investment properties.

Create, Modify and Evaluate Loan UI Redesign

Effective July 28, the following loan screens in Loan Selling Advisor will be redesigned for improved efficiency and to meet the Freddie Mac user experience standard:

  • Create New Loan
  • Modify and Evaluate Loan
  • View Loan
  • Summary of Evaluated Loans

Updates include automatic navigation to unresolved on-screen User Interface (UI) errors, anchored loan page functions for quick access, filter capability for drop-down fields, and upfront enforcement of expected formatting for certain attributes.

As part of the redesign effort, the Modify Loan screen and Evaluate Loan screens will merge. Since these screens share functions, the new design will display evaluation messages upfront when modifying loans, reducing clicks.

Best Efforts Redesign

Coming this summer, Freddie Mac is enhancing the Best Efforts execution. With this change, you can take out a Best Efforts Contract without a loan. You can identify the loan later in the process and substitute the loan to fulfill contract requirements. The quick loan option (Create New Loan while simultaneously creating a contract), will be retired as part of this redesign.