February 10, 2025
Servicing Excellence is a multi-year initiative to strengthen the Servicing industry through reciprocal top-quality performance from Freddie Mac and our servicing stakeholders. It’s our strategy to deliver more—and to expect more.
By The Single-Family Team, Freddie Mac
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Beginning June 25, 2018, we will enforce the requirement to embed the Closing Disclosure PDF in the Uniform Closing Dataset (UCD) XML file.
Review and understand beginning on June 25 2018, the two Loan Selling AdvisorSM edits listed will display as critical when a Uniform Closing Dataset (UCD) XML file and Closing Disclosure PDF are not successfully submitted to Loan Closing Advisor® prior to loan delivery. These changes are specific to Loan Selling Advisor and do not impact the criteria that determines a successful UCD submission in Loan Closing Advisor.
We are deferring the Uniform Loan Delivery Dataset (ULDD) Phase 3 updates to Loan Selling Advisor® and Loan Quality Advisor® until March 5, 2018.
Starting Monday, February 26, you can deliver Uniform Loan Delivery Dataset (ULDD) Phase 3 data through Loan Selling Advisor®, if you're able to do so.
Freddie Mac and Fannie Mae (the GSEs) have been continuously committed to supporting our customers with their adoption of the Uniform Closing Dataset (UCD). This is an important reminder that lenders are required to submit the UCD XML file to the GSEs containing Borrower data for all loans with a Note Date on or after September 25, 2017, and must do so prior to delivery of the loan.
Freddie Mac and Fannie Mae (the GSEs) have a new approach to enforcing the UCD delivery requirement.
The GSEs aim to provide clear and accurate UCD requirements to help lenders with their UCD transition. So we are updating and republishing the <em>UCD Delivery Specification</em> and other key resources.
There's now a six-month relief period for embedding the Closing Disclosure (PDF) within the Uniform Closing Dataset (UCD) XML file.
Fannie Mae and Freddie Mac (the GSEs) are publishing a joint Uniform Loan Delivery Dataset (ULDD) Phase 3 [xls] 'preview' specification to provide lenders and technology vendors with additional time to prepare for their implementation. At the direction of the Federal Housing Finance Agency (FHFA), the GSEs have worked together to identify and align on certain data delivery requirements to support the Consumer Financial Protection Bureau’s (CFPB) rule implementing the “ability to repay” (ATR) provisions of the Truth-in-Lending Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
Our Single-Family News Center article provides you with information on the following: preparing for the Uniform Loan Delivery Dataset (ULDD) Phase 2; ULDD specification updates, including the removal of Appendix E-MISMO Version 3.0 Reference Model with GSE Extensions; Qualified Mortgage requirements; and Fannie Mae's implementation of ULDD Phase 2. As you prepare for ULDD Phase 2, you should now be completing your data point analysis.
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