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Reminder: Key UMDP Requirements Go into Effect on December 1

November 29, 2011

Freddie Mac and Fannie Mae (the GSEs) are reminding you about key Uniform Mortgage Data Program® (UMDP®) requirements that go into effect on December 1, 2011. With this important milestone, we are entering the final phase of our joint efforts to implement uniform appraisal and loan delivery data standards that support enhanced data accuracy and a more efficient exchange of mortgage data among all industry participants.

Originate & Underwrite and Sell & Deliver

The following UMDP requirements are effective beginning December 1, 2011: 

  • Uniform Loan Delivery Dataset (ULDD): You must collect the ULDD data points for Phase I implementation for all mortgages with application received dates on or after December 1, 2011, that are delivered to the GSEs on or after March 19, 2012.

    The Phase I ULDD data points include new data points that are considered the most critical for improved data quality, plus data points that map to those currently required on Freddie Mac's Form 11, Mortgage Submission Schedule, and Form 13SF, Mortgage Submission Voucher, and Fannie Mae's 2000-Character Loan Delivery File Format.

  • Uniform Collateral Data Portal® (UCDP®): You must submit an appraisal report form, if an appraisal report is required, to the UCDP for all conventional mortgages with application received dates on or after December 1, 2011, that are delivered to the GSEs on or after March 19, 2012.

    In order to submit appraisal reports to the UCDP at least one lender administrator within your organization must be registered with one or both GSEs. If you have not completed this important step, please do so immediately to ensure that you are able to submit appraisal reports supporting loan applications received on or after December 1, 2011.

Next Steps

The March 19, 2012, effective date for full transition to the UMDP requirements for loan deliveries is quickly approaching. It is important that you continue preparations for this important deadline by taking advantage of available resources to support your organization's smooth transition to the full requirements. Visit Freddie Mac's UMDP Web page for information and resources to support your ongoing implementation.

This communication relates to the Uniform Mortgage Data Program, an effort undertaken jointly by Freddie Mac and Fannie Mae at the direction of their regulator, the Federal Housing Finance Agency.

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