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The Latest Information Regarding Freddie Mac/Fannie Mae: MISMO Based Interface

In recent months, Freddie Mac and Fannie Mae have made several announcements regarding the new loan delivery data requirements for the Uniform Loan Delivery Dataset (ULDD). These new provisions are a key component of the increased standardization efforts under the Uniform Mortgage Data Program.

On December 14, 2011, both Freddie Mac and Fannie Mae announced an extension to the ULDD implementation dates.

Lenders may submit the ULDD file on or after April 23, 2012 (previously 1/23/2012). Lenders who submit electronically must deliver the ULDD data points using the MISMO XML file format for loans delivered to either Freddie Mac or Fannie Mae on or after July 23, 2012 (previously 3/19/2012).

FIPCO has developed an interface to deliver the data electronically in the required MISMO format from Financial Link® Mortgage. Should you have any questions or would like a proposal for the interface,  please contact us at 800/722-3498, ext. 258 or email to FIPCO Sales.

There is a great deal of information available on the ULDD and can be found on the following websites:

https://www.efanniemae.com/sf/refmaterials/prodmortcodes/pdf/ulddfactsheet-manual.pdf

http://www.FreddieMac.com/sell/secmktg/uniform_delivery.html

Regarding Freddie Mac:  Be sure to participate in Freddie Mac’s mandatory training session in order to receive user credentials.

"There are so many great sessions at the software user conference, and if you can't be at them all, you can just refer back to your materials later. The book is very valuable and is a great tool to take back to work."

- Karla Knutson, Security Bank, Ridgeland