Lingua Mortgage Standardized for GSEs

In an attempt for the government sponsored enterprises (GSEs) to standardize data on appraisals and mortgages, Fannie Mae and Freddie Mac have adopted the Uniform Loan Delivery Dataset (ULDD), part of the larger Uniform Mortgage Data Program, whereby lenders are using a common language in reference to the loans and appraisals that go to the GSEs, according to HousingWire. Freddie Mac’s Sam Oliver says, “This is the culmination of several years of hard work, investment, and planning across the industry that we could not have accomplished without the collaboration and partnership of our customers, vendors, and appraisers.” MHProNews has learned the next step will be expanded loan level disclosure for mortgage-backed securities.

(Image credit: Bankrate)

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