Uniform Closing Dataset – UCD
Don't let non-compliance with this MANDATORY requirement affect your business. Ensure your technology vendor is ready! Contact us for a demo today!
WHAT IS UCD? HOW DOES THIS AFFECT ME? THE SOLUTION HOW TO FAQWhat is UCD?
How does this affect me?
- Do you have loans purchased by investors?
- Will you be originating loans on or after Sept. 25 2017?
If you answered yes to any of the above questions, it will affect you. Beginning September 25, 2017, both Fannie and Freddie will require the originating lender to submit a UCD Findings Report as a condition of their approval. We strongly believe that most loan investors will follow suit and require a UCD file as well. If you sell your loans on the secondary market to any investor, you need a solution in place today!
The Solution
PPDocs is an approved Technology Solution Provider (TSP) with Fannie and Freddie!
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UCD file as part of our normal document preparation.
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Leverage out technology platform to help verify stability and reduce risk.
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Automated preparation and delivery to the GSEs.
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Centralized workflow for GSE feedback.
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Available as a standalone solution.
How To
FULL GUIDE
Frequently Asked Questions
Fannie Mae
Freddie Mac
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