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Loan Delivery Release Notes
See how we're updating our Release Notes to communicate new enhancements and future features available in Loan Delivery in this easy-to-read guide.
Loan Delivery Overview
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Effective Date | Impacted Area | Description |
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November 1, 2023 | Value Acceptance + Property Data | Selling Guide Announcement SEL-2023-09: Selling Guide Updates and DU V. 11.1 Release I Nov. 18, 2023 Release notes clarified requirements for loans eligible for value acceptance + property data. Lenders must receive the Desktop Underwriter® (DU®) message stating that Fannie Mae has received the property data collection (DU message ID 3713) on the last DU submission. A new delivery edit D323 will fire in Loan Delivery and EarlyCheck™ if a loan is delivered with SFC 774 and the associated loan casefile did not receive DU message ID 3713 on the last DU submission. This edit will be warning from November 1 through November 30, 2023, to allow lenders the opportunity to make any needed updates to processes. Edit D323 will be moved to fatal severity on December 1, 2023. There are two options for a lender to resolve edit D323 and deliver the loan:
Refer to Value Acceptance + Property Data Fact Sheet for more information. |
November 17, 2023 | LTV Ratios | Effective November 17, 2023, Loan Delivery will update eligibility criteria to reflect expanded access to credit and provide support for affordable rental housing, the maximum allowable LTV, CLTV, and HCLTV ratios for two- to four-unit, principal residence, purchase and limited cash-out transactions will be updated to 95%. This change will not apply to high-balance mortgage loans and loans that are manually underwritten. See DU V. 11.1 Release I Nov. 18, 2023 for more details. |
December 1, 2023 | Edit Updates | See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including: Edit D323 related to Value Acceptance + Property Data changing to fatal severity (see Nov 1 entry for details). |
Effective Date | Impacted Area | Description |
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January 19, 2024 | Energy Star Loans | Effective January 19, 2024 Loan Delivery will automatically populate Special Feature Code (SFC) 784 ENERGY STAR Green Building Certification for Green Bonds on Whole Loans that Fannie Mae identifies as securing a property with an eligible ENERGY STAR green building certification. If SFC 784 is auto-populated on the loan, warning edit 2736 will fire notifying sellers of the change. No action is required by sellers. For MBS loans: If a seller delivers SFC 784 on an MBS loan, fatal edit 2407 will fire indicating the SFC is invalid, and the SFC will be automatically removed from the loan. Click “Save and run edits” to resolve fatal edit 2407. Contact your Fannie Mae representative for assistance or additional information. |
Effective Date | Impacted Area | Description |
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Jan. 1, 2023 |
Edit Updates | See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:
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Jan. 20, 2023 |
2023 Quality Mortgage (QM) Edits | Loan Delivery edits related to loan eligibility APR-APOR thresholds and points and fees requirements were updated to reflect the 2023 allowable loan amounts and values, per the Consumer Finance Protection Bureau (CFPB). Review the updated Loan Delivery Information for Quality Mortgage job aid for additional information. |
Jan. 23, 2023 |
Edit Updates | See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:
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Feb. 20, 2023 |
Edit Updates | See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:
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Feb. 26, 2023 |
Multifactor Authentication Registration | Starting January 9, 2023, users began seeing multifactor authentication (MFA) registration screens after logging in to Fannie Mae browser-based applications. To ensure uninterrupted access, register by selecting one or more MFA methods before February 26, 2023, when the use of MFA will be required. Learn more. |
Feb. 27, 2023 |
MBS Enhancements | On February 27, Fannie Mae will introduce the first of two planned Loan Delivery enhancements to provide lenders with a self-service model for addressing most MBS issues in real time within the application. No action will be required to begin using these MBS enhancements, and there will be no changes to the import or MBS Pool submission processes. For more information MBS features, view the Loan Delivery MBS Enhancements overview. |
March 1, 2023 |
LLPA Updates | Lenders can stop delivering SFC 873 as it will no longer be used for this LLPA waiver according to the following:
See Lender Letter LL-2022-05 for more details. |
March 27, 2023 |
Edit Updates | See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:
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Apr. 24, 2023 |
MBS Enhancements | Fannie Mae released the second phase of MBS enhancements for Loan Delivery, enabling lenders to address most MBS issues in real time within the application. These enhancements relate to post-submission exceptions that may have previously required manual resolution with Fannie Mae's Acquisition Operations team. No action will be required to begin using these MBS enhancements, and there will be no changes to the import or MBS Pool submission processes. For more information, view the Loan Delivery Enhancements for MBS overview. |
Apr. 24, 2023 |
Edit Updates | See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:
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May 22, 2023 |
Edit Updates | See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:
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May 22, 2023 |
CPM Edits | Per the Selling Guide Announcement (SEL-2023-02), we are requiring lenders to use CPM for all condo projects being reviewed under the Full Review Process. Lenders will be required to deliver the CPM Project ID number at delivery for projects when CPM was used, including loans delivered in projects with a Fannie Mae Approval. New Edits will be implemented in Loan Delivery to validate that the CPM ID is provided when CPM is used to certify that the condo or the project decisioned by Fannie Mae. They will also validate the CPM Project ID provided in Loan Delivery matches a valid Project ID in CPM. See the LD Edit changes in the Loan Delivery Business Rules for a listing of effective edit updates |
Jun 12, 2023 |
AMI 2023 Updates | The 2023 AMIs will be implemented in Desktop Underwriter® (DU®), Loan Delivery, and the Area Median Income Lookup Tool over the weekend of June 10, 2023, with an effective date of June 12, 2023. See the Selling Notice: Area Median Incomes 2023 for more information. |
Jun 26, 2023 |
Edit Updates | See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:
|
Jul 1, 2023 |
MBS Self-Service Enhancements | Loan Delivery is making enhancements to the MBS Pool process to allow self-service updates to be made by sellers. Effective July 1, Acquisitions Operations will no longer send courtesy emails to notify sellers of pools critical for certification and closing the same day and non-standard pool prefix assignments. |
Jul 1, 2023 |
SFC 873 Retirement | SFC 873 will be retired on July 1, 2023 since it is no longer used for LLPA waivers. Removal of the SFC will be required to complete the purchase or securitization. See Lender Letter (LL-2022-05) for more details. |
Jul 10, 2023 |
Deleting an MBS Loan vs Deleting an MBS Pool | In April 2023, we added the ability to delete MBS loans after an MBS Pool is submitted. With the July release, users who wish to delete ALL loans in a submitted MBS Pool must first submit a request to delete the MBS Pool. Users who attempt to delete all loans in a submitted MBS pool before submitting a Pool Deletion request will receive the following pop-up message: The requested action cannot be performed. A Pool Deletion request is required prior to removing all loans from the pool. Refer to the Pool Deletion Job Aid for more details. |
Jul 10, 2023 |
Lock MBS Pools Prior to Settlement Date | Changes are not permitted to MBS Pools in the days immediately preceding the settlement date. To systematically support this policy and prevent inadvertent changes by users, MBS Pools will be locked in Loan Delivery as follows:
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July 24, 2023 | Edit Updates | See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:
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August 28, 2023 | Edit Updates | See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:
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September 1, 2023 | Edit Updates | See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:
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September 25, 2023 | Edit Updates | See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:
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October 30, 2023 | CPM Edits | In accordance with Selling Guide Announcement (SEL-2023-02);
Starting October 30, for Application Received Dates on or after July 1, 2023, edits in Loan Delivery will be fatal:
Note: Edits validating the condo project is not Unavailable in CPM will remain as warning at this time. For a comprehensive list of edit updates, refer to the LD Edit changes in the Loan Delivery Business Rules. |
October 30, 2023 | Edit Updates | See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:
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