Applications & Technology

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.

Effective Date Impacted Area Description
September 26
UPDATED
Edit Updates

See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:

  • New warning edits related to Area Median Income (AMI), Commitment, and Pool.
  • Edits related to Loan Program changing from warning to fatal severity.
Effective Date Impacted Area Description
October 3
NEW
Pool Details Enhancement Pool Status

To provide additional transparency in the MBS delivery process, the Pool Details page is being updated to display the Pool Status in the Pool Details header. This will provide information for Open and Closed pools.

October 31
NEW
Edit Updates

See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:

  • New warning edits related to AMI, Loan Purpose, Pool, Pool Prefix, and Property Data.
  • Edits related to Mortgage Insurance (MI) and Pool changing from warning to fatal severity.
November 21
NEW
Edit Updates

See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:

  • Edits related to AMI changing from warning to fatal severity.
November 21
NEW
Pool Management Enhancement Pool Status

To provide additional transparency in the MBS delivery process, a new column will be available in Loan Delivery on the Pool Management page to display Pool Status. The view will provide information including Open and Closed pools. This will also be available in export reports along with the ability to filter by Pool Status in Loan Delivery.

Effective Date Impacted Area Description
Jan. 24
MI Name Change As announced in the Selling Guide announcement, SEL-2021-11, lenders are advised that Genworth Mortgage Insurance Corporation is formally changing its name to Enact Mortgage Insurance Corporation effective Feb. 7, 2022. To support deliveries of Enact-insured loans, a new ULDD enumerated value, “Enact,” is being implemented. Beginning Feb. 7, 2022, lenders must use this new value in Loan Delivery when delivering Enact-insured loans. We updated our published list of Approved Mortgage Insurers and Related Identifiers to reflect the name change and the new ULDD enumerated value.
Jan. 24
Edit Updates See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:

  • Edits related Recast and Sales Price changing from warning to fatal severity.
  • New warning edits related to Certification, Closing Data, Credit Score, Desktop Underwriter® (DU®) Compare, Loan Amount, Property Data, and Unpaid Principal Balance (UPB).
Feb. 21
Edit Updates See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:

  • Edits related Commitment, Compare Mismatch, Desktop Underwriter® (DU®) Compare, Mortgage Insurance (MI), and Unit Data changing from warning to fatal severity.
  • New warning edits related to Appraisal, Closing Data, Consistency, Home Equity Line of Credit (HELOC), Loan Program, Sales Price, and Unit Data.
March 21
Edit Updates See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:

  • Edits related to Borrower, Certification, Loan Amount, Loan Program, and Unpaid Principal Balance (UPB) changing from warning to fatal severity changing from warning to fatal severity.
  • New warning edits related to Appraisal, Closing Data, and Loan Program.
March 21
Desktop Appraisal Option The Loan Delivery job aids have been updated to support loan case files meeting the requirements to receive the option to obtain a desktop appraisal reported on Uniform Residential Appraisal Report (Fannie Mae Form 1004 Desktop). Refer to the Desktop Underwriter® (DU®) Version 11.0 release notes for more information.
March 28
Project Type Code Updates As announced in Selling Guide Announcement (SEL-2022-02)  Condo Project Manager™ (CPM™) added status designations to align with the enhancements that were in the CPM release on March 4, 2022. Loan Delivery will update the description for Project Type Codes T and 2 to reflect their usage for all Fannie Mae-approved projects (these codes are no longer limited to PERS approvals). As a reminder, the CPM ID Number is also required at delivery (ULDD SORT ID 39).
March 28
Uniform Closing Dataset (UCD) Availability When a loan exists in Loan Delivery with a UCD case file, the UCD information after the initial loan eligibility rules are performed will be refreshed every 15 minutes. Previously, the UCD information in Loan Delivery refreshed after 60 minutes.
April 25
Edit Updates See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:

  • New warning edits related to Address, Appraisal, Certification, Closing Data, Commitment, Consistency, Credit Score, Loan Program, and Mortgage Insurance (MI).
  • Edits related to Certification, Closing Data, Commitment, Compare Mismatch, Credit Score, Desktop Underwriter® (DU®) Compare, Flood Hazard, Loan Program, Mortgage Type, RefiNow™, and Unit Data changing from warning to fatal severity.
April 25
MI Company Edit Effective Feb. 7, 2022, Genworth Mortgage Insurance Corporation formally changed its name to Enact Mortgage Insurance Corporation. Effective April 25, Loan Delivery will issue a warning edit (Edit 1535) for deliveries of the MI Company value Genworth. A Uniform Loan Delivery Dataset (ULDD) enumerated value, “Enact,” is available for delivery. Delivery of the MI Company value “Genworth” will not be allowed effective Aug. 22.
May 4
Unrecorded Assignments of Mortgage As announced in the Selling Guide Announcement (SEL-2022-04), we are eliminating the requirement to provide unrecorded assignments of mortgage to Fannie Mae for loans not registered with MERS. Sellers may immediately cease preparing unrecorded assignments for loans not registered in MERS and delivering such assignments to the document custodian.
May 23
Whole Loan Loan Status Updates Fannie Mae aligned the definition of “purchase” and “funded” for whole loans across Pricing & Execution – Whole Loan® (PE – Whole Loan), Loan Delivery, and the Selling Guide. The updates will display for loans that are certified as “Purchase Ready” and, once funded, as “Purchased and Funded” in PE – Whole Loan and Loan Delivery. The Loan Status updates will display on the Commitment Details and Loan Details screens. The Loan Status will also display on applicable export reports. Refer to the Purchase Definition Update Fact Sheet for more information.
June 27
Edit Updates

See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:

  • New warning edits related to Appraisal, Commitment, Loan Program, and Property Data.
  • Edits related to Appraisal, Borrower, Certification, Commitment, and Loan Program changing from warning to fatal severity.
July 25
Edit Updates

See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:

  • New warning edits related to Commitment, Income, Loan Program, and Property Data.
  • Edits related to Appraisal and Loan Program changing from warning to fatal severity.
August 22
Edit Updates

See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:

  • New warning edits related to Income, Mortgage Insurance (MI), Pool, and Recast.
  • Edits related to MBS Commitment changing from warning to fatal severity.