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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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.
Freddie Mac and Fannie Mae (the GSEs) are providing you with the February 2014 Uniform Collateral Data Portal® (UCDP®) Release Notification and Uniform Appraisal Dataset (UAD) Update to announce new changes. Those changes are changes to Accepted XML File Formats in UCDP, reminders on Submissions of Appraisals in the UCDP, and implementation of the Third Phase of UCDP Conversion of Fatal UAD Edits.
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.
Freddie Mac and Fannie Mae announced on December 13, 2012, the Phase 2 ULDD data requirements for all loans with Application Received Dates on or after March 1, 2014, and delivered on or after August 25, 2014. While Fannie Mae recently announced a delay to their timeline for the Phase 2 ULDD implementation in their Loan Delivery system, Freddie Mac is not making changes to the ULDD Phase 2 requirements timeline.
Are you getting ready for the Phase 2 Uniform Loan Delivery Dataset (ULDD)? It’s critical that you start your planning process now to ensure that you’re fully prepared for the implementation.
Today, Freddie Mac and Fannie Mae (the GSEs) have published the Phase II specification for the Uniform Loan Delivery Dataset (ULDD). The ULDD is a component of the Uniform Mortgage Data Program® (UMDP®), an ongoing effort by the GSEs, at the direction of the Federal Housing Finance Agency (FHFA), to enhance the accuracy and quality of loan data each GSE requires at loan delivery.
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