How to generate Fannie UCD & Freddie LCA files

How do I indicate the final CD for UCD submission?

The final CD must be indicated as “Final” within the eFolder AND within Disclosure tracking.

Why?

• Marking the CD as Final in disclosure tracking indicates which data is going to be used in the XML.
• Marking the CD as Final in the eFolder indicates which PDF will be embedded in the UCD file.

Marking the Final CD in Disclosure Tracking:
To mark the final CD in Disclosure Tracking: Go to Disclosure tracking> Open Disclosure Details by double clicking the CD you wish to mark as final>Change disclosure type to “Final.”

Mark as Final in eFolder:
The “Mark as Final CD” button in the eFolder was designed to apply to the placeholder that is sourced to a Closing Disclosure, Closing Disclosure (Alternate) or Closing Disclosure (Seller) within Encompass Settings>eFolder setup> Documents.

Video – https://www.screencast.com/t/nKChGevU

Example:
Document Name: UCD Testing Doc
Source: Closing Disclosure

Mark as Final when Ordering Closing Docs

Since the eFolder makes a placeholder named Closing Disclosure, Closing Disclosure (Alternate), or Closing Disclosure (Seller) when ordering closing docs, if these placeholders are not setup and sourced accordingly in the efolder setup (Encompass Settings>eFolder Setup>Documents) the system has no way to associate the document as a closing disclosure allowing you to mark it as the final CD.

In order to have the ability to mark the CD in the closing doc order as final, you will need to ensure that you have the following forms in the eFolder document listing with the specific names, and sourced to the applicable standard form.
•             Closing Disclosure
•             Closing Disclosure (Alternate)
•             Closing Disclosure (Seller)

Details: How to mark the CD as Final for UCD Submission
Article Details: For loans that do not have a Closing Disclosure marked as Final, the Final CD Copy option is disabled. You must complete the required steps in both the eFolder and the Disclosure Tracking tool in order for Encompass to recognize the CD as Final.

To Mark a CD as Final in the eFolder:
1. Open the loan file with the CD data that you want to export, and then click the eFolder icon.
2. In the eFolder, click the New icon.
3. In the Add Document window, select Add a new document, and then click OK.
4. In the Document Details window, select the CD to mark as Final from the Name drop-down field.
NOTE: Any CD, be it the standard CD, the alternate CD, or a seller’s copy can be marked as Final.
NOTE: After selecting the CD file, you can modify the Name field as needed.

5. Click the Mark as Final CD button
6. In the Signature Type window, select a signature type, and then click OK.
7. In the Document Details window, click the Close button.
8. In the eFolder window, click the Close button.

To Mark a Closing Disclosure (CD) as Final in the Disclosure Tracking Tool:
1. Open the loan file, and then click the Tools tab.
2. Click Disclosure Tracking.
3. In the Disclosure History panel, click the New icon.
4. In the New Disclosure Record window, select the Disclosure and CD check boxes, and then click OK.
5. In the CD Date Issued window, select your preferred CD date, and then click OK.
6. In the Print Business Rules window, select missing fields, and click the Complete Fields button.
7. In the Complete Fields window, type the missing information, and then click OK.
8. In the Print Business Rules window, click the Print button.
9. In the Disclosure History panel, double-click the disclosure to open the Disclosure Details window.
10. From the Disclosure Type drop-down list, select Final.
11. Click the OK button

There are 2 ways to upload UCD file. First, close loan file and then in pipeline, use right click and GSE Services->Export UCD and upload this UCD file to Freddiemac website to get report from Freddiemac. Secondly if credentials are set in Encompass for UCD collection, use UCD collection from top Services menu->Underwriting, Service provider for Fannie Mae UCD collection and once it gives successful result then we can go ahead for UCD submission. Generally in ATR / QM / Transmittal summary form field 1543 has to be filled with DU prior to UCD collection else it shows error in UCD data compliance. Once we get successful result. Then use Services top menu->Underwriting and use Loan closing advisor to generate and submit UCD data and PDF.

Sometimes when alternate CD and seller CD is not there, we should try to check field NEWHUD.X1017 on the 2015 Itemization and check the box for “Itemize fees when print”

If doing Data Only, you can proceed with UCD XML export from Pipeline View or submit UCD via Services Tab

If doing Data & PDF, you will need to create a new CD Snapshot with the “Use for UCD Export” box checked in “Disclosure Tracking”.