{"id":35127,"date":"2018-04-11T19:41:56","date_gmt":"2018-04-11T23:41:56","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=35127"},"modified":"2018-04-11T19:41:56","modified_gmt":"2018-04-11T23:41:56","slug":"ids-inc-advises-mortgage-lenders-to-address-ucd-warnings-prior-to-june-25-deadline","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/ids-inc-advises-mortgage-lenders-to-address-ucd-warnings-prior-to-june-25-deadline\/","title":{"rendered":"IDS, Inc. Advises Mortgage Lenders to Address UCD Warnings Prior to June 25 Deadline"},"content":{"rendered":"

SALT LAKE CITY, Utah, April 11, 2018 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor, International Document Services, Inc. (IDS), has announced it is advising all lenders to begin troubleshooting warnings from Fannie Mae and Freddie Mac\u2019s Uniform Closing Dataset (UCD) portal regarding missing information in their UCD files. Effective June 25, 2018, the GSEs will fire a fatal edit in their Loan Delivery systems if the UCD status is \u201cNot Successful\u201d or a UCD was not submitted.<\/p>\n

\"IDS
\n\u201cIDS has been monitoring our users\u2019 experience with the UCD XML file submission process closely since UCD went into effect last September, and the announcement of the June enforcement date has only enhanced our focus,\u201d said IDS Vice President and General Manager Mark Mackey. \u201cBecause edit messages can vary from lender to lender, we are encouraging our customers to reach out as quickly as possible and notify us of the edit messages they\u2019re receiving so that we can best advise them on the adjustments that need to be made.\u201d<\/p>\n

While Fannie Mae and Freddie Mac utilize the same XML file format for UCD delivery, lenders may observe differences in the warnings they receive from each, Mackey explains, and should address warnings from each separately.<\/p>\n

\u201cThe more feedback we receive from our customers on this, the better we\u2019re able to address these issues early so that the loan process continues to run smoothly,\u201d Mackey added. \u201cIn many of the early cases we\u2019ve seen, data entry errors are the most common trigger, though data mapping issues between loan origination systems and idsDoc may also be a possible trigger. As an added layer of protection, IDS can add audits, notes and\/or notifications to idsDoc to help lenders ensure successful submission of their UCD XML files.\u201d<\/p>\n

About IDS, Inc.:<\/strong>
\nIDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include electronic signatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regards to major industry compliance changes. Learn more at: https:\/\/info.idsdoc.com\/<\/a>.<\/p>\n

*LOGO for Media:\u00a0Send2Press.com\/300dpi\/18-0301s2p-ids-inc-300dpi.jpg<\/p>\n

#FannieMae #UCD #closingdocs #mortgagedocs #mortgagecompliance<\/p>\n

Editorial Note: this is a revised and updated version (\u201cupdate and replace\u201d) of a release originally issued by Send2Press\u00ae Thu, 05 Apr 2018, 07:00 EDT.<\/em><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

SALT LAKE CITY, Utah, April 11, 2018 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor, International Document Services, Inc. (IDS), has announced it is advising all lenders to begin troubleshooting warnings from Fannie Mae and Freddie Mac’s Uniform Closing Dataset (UCD) portal regarding missing information in their UCD files. Effective June 25, 2018, the GSEs will fire a fatal edit in their Loan Delivery systems if the UCD status is “Not Successful” or a UCD was not submitted. (UPDATED)<\/p>\n","protected":false},"author":4539,"featured_media":33248,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,1,38,5,130],"tags":[205,756,8737],"class_list":["post-35127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-business-news","category-finance-news","category-technology-news","category-utah-news","tag-depthpr","tag-fannie-mae","tag-fintech","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":6360,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/35127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/4539"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=35127"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/35127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/33248"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=35127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=35127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=35127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}