This is a reminder from our prior announcement dated August 7, 2017 regarding Gateway’s UCD requirements for our clients to ensure they follow GSE compliance of UCD implementation when delivering loans for purchase with a Note date on or after Monday, September 25, 2017.

On September 15, 2017 the GSEs announced the UCD mandate remains September 25, 2017.  Gateway Clients are required to adhere to the same mandate as the GSEs and submit a successful UCD XML file for all loans being delivered on or after September 25, 2017 (based on Note Date).

The GSEs also announced on June 6, 2017, that the requirement to embed the Closing Disclosure PDF in the UCD XML file will be fully enforced no earlier than April 2018 and Gateway will follow GSE guidelines regarding this topic.  Each GSE’s respective loan delivery system will check for a successful UCD XML file submission, which will result in a “warning” edit if the data is not provided.  Clients should take advantage of these warning messages and make data updates, as appropriate.  Additionally, the list of required data points will evolve over time, for the full list of UCD data requirements, visit Fannie Mae’s UCD page or Freddie Mac’s UCD page .  Click here to read the GSE Joint Announcement dated September 15, 2017.

Please direct any questions to your Regional Sales Manager