Just a reminder: additional UCDP hard stops will take effect this coming weekend.
On January 26th, the portal will begin returning fatal edits for the fields below:
- Quality of Construction Rating (subject and comparables)
- Location Rating (subject and comparables)
- View Rating (subject and comparables)
- Condition Rating (subject and comparables)
Per the GSEs:
“Each of the data fields above has associated UAD edits that will be returned in the UCDP if the data provided is incomplete or the format is invalid, as defined in the Fannie Mae and Freddie Mac UAD Technical Specifications.”
We already added E&O support for these additional fields to both TOTAL and WinTOTAL several weeks ago, so you should already be seeing updated warnings with the red stop icon (like the example below) for any compliance issues.
Just keep in mind, that beginning on Sunday, 1/26 you’ll want to be sure to correct any of these to avoid delivery issues through the UCDP.
For more information on the new hard stops, check out the newsletter from Fannie Mae:
https://www.fanniemae.com/content/news/ucdp-uad-newsletter-november-2013.pdf
As always, enhancements like these keep you current with the latest changes from the GSEs. They're free, and just one of the many benefits of your membership.
