If you’ve encountered the message “Invalid content was found starting with element ‘ESCROW_ITEM_DETAIL’” when exporting a loan file to Freddie Mac’s ULDD site, you’re not alone.
The issue is with Point’s treatment of escrows during export. Currently the escrows do not meet the parameters for ULDD. But there is good news and good news about this.
The good news is that Point 7.6, currently slated for an April release, provides an effortless resolution to this issue.
The other good news is that there is something you can do until then to get your files to Freddie Mac. Here’s what you do:
- Remove the escrow amounts from the loan file
- Resubmit the file to Freddie Mac’s ULDD site
- Re-enter the escrow amounts in the Point file
For step-by-step instructions on getting the amounts back into Point, visit Knowledge Base article # 0773.
You can also find answers for many of your Point questions on the Knowledge Base with a quick search or if your account is current, you may call our Support Team at 800-342-2599.