Amendments to Federal Regulation C which take effect on January 1, 2018 (see 80 FR 66128 [2015]) will require financial institutions to develop and report to Federal agencies a Universal Loan Identifier (“ULI”) for each covered loan in which the financial institution receives an application, originates, and/or purchases in each calendar year (see 12 CFR §1003.4[a][1][i]).
Though these amendments do not require the ULI to be disclosed on any mortgage loan documents and disclosures (other than the LAR for HMDA reporting), some investors are requiring the ULI to be added to FNMA Form 1003 and the “Demographic Information Addendum” supplied by FNMA for ECOA and HMDA ethnic/racial self-reporting requirements (a copy of the addendum is available at: https://www.fanniemae.com/singlefamily/uniform-residential-loan-application).
To accommodate investor requirements, we will be adding an option for the ULI to appear in the right-hand footer of page 1 of our English-, Spanish-, and Bilingual-copies of the FNMA Form 1003 (Cx4193 and Cx17663) and the “Demographic Information Addendum” (Cx20787 and Cx20788). All investors that indicate such a requirement for the ULI to appear on the 1003 and Demographic Information Addendum will have our new field “Print Universal Loan Identifier (ULI) on 1003 and Demographic Information Addendum” (FI 118784) globally mapped to “Yes”. Once so set, the value of the “Universal Loan Identifier (ULI)” field (FI 116460) will appear on page 1 of the appropriate documents.
This change will be available on December 30, 2017. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.
DR 251152