Uniform Mortgage Data Program Announcements
The Uniform Mortgage Data Program® (UMDP®) is an effort undertaken jointly by Fannie Mae and Freddie Mac at the direction of the Federal Housing Finance Agency to enhance data quality and standardization.
| Implementation Timeline for the Updated Automated Underwriting System (AUS) Specifications | November 2, 2021-Following the March 1 mandate, which required the use of the redesigned Uniform Residential Loan Application (URLA/Form 1003) and Desktop Underwriter® (DU®) MISMO v3.4 file formats for all new loan applications, software providers should now update their systems in accordance with established GSE release schedules and implementation agreements. |
| Updated UCD critical edits transition timeline published | November 2, 2021-On Nov. 2, Fannie Mae and Freddie Mac published an updated timeline announcing new launch dates for the Uniform Closing Dataset (UCD) critical edits transition phases 2-4. |
| Supplemental Consumer Information Form Published | October 26, 2021-Fannie Mae and Freddie Mac (the GSEs) have published the Supplemental Consumer Information Form (SCIF Fannie Mae/Freddie Mac 1103). Although the GSEs do not require the SCIF, we are making it available for industry use for those who may find value in collecting borrower homeownership education, housing counseling and language preference information. |
| UAD and Forms Redesign FAQs | August 10, 2021-Fannie Mae and Freddie Mac have published FAQs for the UAD and Forms Redesign initiative to answer some common questions received during our ongoing engagement with industry. |
| Reminder: UCD Critical Edit Transition Phase 1 Date is July 31, 2021 | July 20, 2021-As announced on May 19, 2021, Fannie Mae and Freddie Mac (the GSEs) delayed the implementation date of the Uniform Closing Dataset (UCD) Phase 1 critical edits from May 31 to July 31, 2021. As the new Phase 1 implementation date approaches, the GSEs recognize the tremendous progress made by lenders and vendors on both the quality and the completeness of UCD data in preparation for Phase 1. |
| Updated AUS specifications and supporting documents published | June 29, 2021-To address opportunities discovered during the successful industry implementation of the Uniform Residential Loan Application (URLA/Form 1003), limited critical business information needs, and a regulatory request, Fannie Mae and Freddie Mac have published updates to their automated underwriting system (AUS) data specifications and supporting resources. |
| ULDD updates for the retirement of CMT-indexed ARMS | June 8, 2021-Freddie Mac and Fannie Mae (the GSEs) have updated the Uniform Loan Delivery Dataset (ULDD) specification for the retirement of the Constant Maturity Treasury (CMT) indexed adjustable-rate mortgages (ARMs). The GSEs will not purchase any CMT-indexed ARM with an Application Received Date of July 1, 2021 or later. Effective Oct. 1, 2021, the GSEs will no longer purchase any CMT-indexed ARMs, regardless of the Application Received Date or Note Date. |
| UCD Critical Edit Transition: New Phase 1 Date is July 31 | May 19, 2021-Phase 1 of the transition to convert edits in the Uniform Closing Dataset (UCD) collection systems from “warning” to “critical/fatal” has been moved from May 31 to July 31. |
| Reminder: April 30 deadline to submit legacy URLA loans | April 20, 2021-Effective May 1, Desktop Underwriter® (DU®) and Desktop Originator® (DO®) will only accept new loans submitted using the redesigned Uniform Residential Loan Application (URLA)/Form 1003 and the updated DU MISMO 3.4 file format. Loans using legacy formats with a Casefile Create Date on or after May 1 will not be underwritten by DU/DO. |
| Uniform Residential Loan Application March 1 Mandate | February 16, 2021-The mandate for implementing the redesigned Uniform Residential Loan Application (URLA) is March 1, 2021. To accommodate loans started in the legacy format prior to March 1, but not submitted by that date, the GSE’s automated underwriting systems (AUSs) will not return an Out of Scope for Fannie Mae or critical edit for Freddie Mac on new loans submitted in the legacy format until May 1, 2021. |
| Get Ready - UCD Critical Edits Phase 1 is Coming May 2021 | January 26, 2021-Freddie Mac and Fannie Mae (the GSEs) announced on August 11, 2020, that they are implementing a two-year transition to convert certain edits in their Uniform Closing Dataset (UCD) collection systems from “warning” to “critical.” This transition will begin May 31, 2021, and is designed to enhance data quality and consistency for single-family loans the GSEs purchase. |
| Open Production Period has begun | January 4, 2021-Effective Jan. 1, 2021, all lenders may begin using the redesigned Form 1003 and updated DU Spec to submit loans to production using the new DU user interface. |
| Reminder: Dec. 31 final day for LIBOR-indexed ARMs purchase | December 1, 2020-To be eligible for delivery to Fannie Mae, LIBOR-indexed ARMs must have an Application Received Date on or before September 30, 2020. LIBOR-indexed ARMs must be purchased as whole loans on or before December 31, 2020, or in mortgage-backed security pools/participation certificates with an issue date on or before December 1, 2020. |
| UCD Critical Edits Implementation Timeline Announced | August 11, 2020-Fannie Mae is implementing a two-year transition to convert a select number of edits in the UCD Collection Solution from “warning” to “critical/fatal.” The transition will begin in May 2021 and is designed to enhance data quality and consistency for single-family loans purchased by the GSEs. |
| Updated Spanish Translation Aids available | June 30, 2020-The GSEs have published updated Spanish Translation Aids to assist borrowers in completing the English version of the redesigned URLA. |
| Participating in the URLA Limited Production Period | May 19, 2020-Fannie Mae and Freddie Mac (the GSEs) invite lenders who meet the eligibility criteria and prerequisites below to participate in the Uniform Residential Loan Application (URLA) Limited Production Period (LPP) beginning on August 1, 2020. During the LPP, participants will use the redesigned URLA (Fannie Mae Form 1003/Freddie Mac Form 65) and updated Fannie Mae Desktop Underwriter® (DU®) and Freddie Mac Loan Product Advisor® automated underwriting systems (AUSs) to originate loans in a controlled implementation. |
| ULDD Updates to Support SOFR ARM Index Transition | April 21, 2020-Fannie Mae and Freddie Mac published an updated Uniform Loan Delivery Dataset (ULDD) Specification and additional loan delivery implementation details in support of the industry transition to SOFR-indexed ARM loan products. |
| Extended URLA Implementation Timeline | April 14, 2020-Freddie Mac and Fannie Mae (the GSEs) will extend the implementation timeline for the redesigned Uniform Residential Loan Application (URLA) and automated underwriting systems (AUSs) to support the industry during the COVID-19 pandemic. The new mandate date for the use of the redesigned URLA and AUS specifications is March 1, 2021. |
| GSEs Delay Uniform Closing Dataset Critical Edits Implementation | April 7, 2020-Fannie Mae and Freddie Mac have been planning for a 2-year transition to convert certain edits in their Uniform Closing Dataset (UCD) collection solutions from “warning” to “critical.” In recognition of industry feedback, competing priorities, and COVID-19, the GSEs have delayed the implementation of UCD critical edits until further notice. |
| Changes to the DU Spec MISMO V3.4 Published | March 19, 2020-Fannie Mae published changes to the DU® Spec MISMO V3.4 as part of the continued effort to support implementation of the redesigned Uniform Residential Loan Application (URLA) Form 1003 and DU Spec by the Nov. 1 deadline. |
