Help with Point: ULDD missing fields

BJ Bounds

BJ Bounds

If you are submitting your ULDD files to Freddie Mac, you may have received evaluation errors for missing fields.

This is because some of the fields required by Freddie Mac are not in Point.  Those fields must be completed manually in the Selling System’s website before the loans are sold to Freddie Mac.

If you have received the evaluations error message, chances are you are missing one or more of the fields listed below that are not found in Point.

Fields

  • Collateral Properties Financed Unit Count
  • Party Role Identifier

Project Design Type dropdown list

  • “Other” is not available as a dropdown list item
  • “Other Description” is not available for a description

Property Valuation Method dropdown list

  • “Other” is not available as a dropdown list item
  • “Other Description” is not available for a description.

AVM Model Name Type dropdown list

  • “Other” is not available as a dropdown list item
  • “Other Description” is not available for a description.

Values that do not export

  • Home Equity Combined LTV Ratio Percent (HCLTV)
  • Loan Role Type

Calculations

  • Combined LTV: expected to round to the nearest whole number but Point does not round the Combined LTV ratio when exporting the file to Freddie Mac ULDD
  • Base LTV Ratio: expected to round to the nearest whole number but Point does not round the LTV ratio when exporting the file to Freddie Mac ULDD.

Character limitations

  • Project Name field in Point is limited to 24 characters but the Freddie Mac Selling System allows for more than 24 characters.

If you have any questions about the fields in the ULDD , you can get more details in our Knowledge Base article.

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