GSEs Update Loan Delivery and Appraisal Data Requirements; MERS Phase Out; Amtrust Name Change; MBA on Compensation

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Posted To: Pipeline Press

Fannie and Freddie announced updates to the implementation dates and requirements for loan delivery and appraisal data under the Uniform Mortgage Data Program (UMDP) . The UMDP is a joint effort by Fannie Mae and Freddie Mac (the GSEs) at the direction of Federal Housing Finance Agency (FHFA) to standardize and drive data quality that benefits the entire mortgage industry. Fannie Mae and Freddie Mac understand the magnitude of the change required to achieve this important goal and its impact on a number of industry players. To facilitate its successful adoption, the GSEs have collected extensive feedback from a wide array of customers, lenders, appraisers, and other industry participants. Any company, whether or not it sells to the agencies, can pretty much use this for a template for future...(read more)

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Source: www.mortgagenewsdaily.com

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