Bulletin #2018-05 UCD Implementation

Bulletin #2018-05

May 8, 2018

UCD Implementation

-UCD update to Bulletin 2017-13 (August 10, 2017) and Bulletin 2017-17 (September 29, 2017)

As announced on January 30, 2018, the Uniform Closing Dataset (UCD) requirements are effective for all loans with note dates on or after September 25, 2017 on loans delivered to the agencies as of June 25, 2018.
Therefore, effective immediately for all loans delivered to New Penn NCLD on or after May 14, 2018, Correspondents must complete the following:
Successfully submit the UCD XML data file with the Closing Disclosure embedded to both Fannie Mae and Freddie Mac’s independent collection solutions.
Include a PDF copy of both the Fannie Mae and Freddie Mac UCD XML file submission in your image file upload to New Penn NCLD. (Report must reflect “Successful” (with no Fatal edit messages) for Fannie Mae or “Satisfied” (with no Red critical messages for Freddie Mac)