What is the UCD? The Uniform Closing Dataset (UCD) is a common industry dataset that supports the Consumer Financial Protection Bureau’s (CFPB) Closing Disclosure which is part of the Uniform Mortgage Data Program (UMDP). It is an upcoming requirement of Fannie Mae and Freddie Mac at the direction of their regulator, the Federal Housing Finance Agency. The GSEs will require a UCD XML file for all loans having a note date on or after Sept. 25, 2017. When applicable, we anticipate that most conforming loan investors, whether planning to immediately deliver to the GSEs or aggregating for a later loan delivery, will require an originating lender to submit the UCD file to both Fannie and Freddie and receive the UCD Findings Reports from both GSEs as a condition of their loan approval to ensure the upload was successful to both GSEs and the Casefile ID is correct for the loan. How does the UCD affect me? Do you have loans purchased by investors? Will you be originating loans on or after Sept. 25 2017? If you answered yes to any of the above questions, it will affect you. Beginning September 25, 2017, both Fannie and Freddie will require the originating lender to submit a UCD Findings Report as a condition of their approval. We strongly believe that most loan investors will follow suit and require a UCD file as well. If you sell your loans on the secondary market to any investor, you need a solution in place. What is the PPDocs solution?

• UCD file as part of our normal document preparation • Leverage our technology platform to help verify salability and reduce risk • Automated preparation and delivery to the GSEs • Centralized workflow for GSE feedback • Available as standalone solution!

When you go to PPDocs, the UCD is accessible through the order status page. Here is how it works: In the order form, there is a question for whether or not you want the loan to be UCD ready. **If you are using an LE only or CD only order form, this will be located on the Loan Setup screen**

For you to be able to submit the UCD to Fannie Mae or Freddie Mac through our website, you will have to select “Yes” for this question. This will also tweak the order form to force certain things to be entered a certain way to ensure proper UCD generation. One of those things is the Underwriting Details and Property Valuation details. Those will appear directly under the UCD question. If you indicate that you are using an automatic underwriting system, you will be prompted to select

one from the list. If your system is not there, you can select “Other” and it will prompt you to enter the name of your system. Likewise, if you use a property valuation method that is not in the drop down, you can select “Other” and it will prompt you to enter your method.

When it comes time to enter the fees on the closing costs details, there is now a “Fee Type” drop down on the fee details. This is required. If you have a fee that does not fit a particular type, please select “Other”. We do default these to the best of our ability when you select a fee from our list, but it is always good to double check.

If you are doing a fee in section F (Prepaids), there will be a different drop down list to select for Prepaid Item Type. This is required. If you have a fee that does not fit a particular type, please select “Other”.

If you are doing a fee in section G (Initial Escrow Payment at Closing), you will have a similar drop down for Escrow Type. This is required. If you have a fee that does not fit a particular type, please select “Other”.

We have compiled a list of fees and their respective types for your convenience. See Appendix A of this walkthrough.

There is also a change to the Other Details screen. On the Estimated Taxes, Insurance, and Assessments section, there is now a place to indicate further which kind of tax/insurance/assessment it is. This is required for the UCD. Right now it will be “Condo Assoc. Dues” simply because that is what is first in the drop down box. If you do not see what you need in the drop down, you can select the “other” option.

The biggest change is that the Summaries of Transaction/Payoffs and Payments fields used to allow for typing directly into the fields. While some fields retain this, such as the sales price, most fields are now locked. You can edit them via the link on the line number (in blue) beside each fee. By indicating that you want to be UCD ready, there will be no option to type directly into the fee. That is because these are not fees anymore, but rather a collection of funds, adjustments, payoffs, and prorations. Each of these items requires more information to be sent in the UCD than just the description and amount. We have done it this way so that there is no way you can miss entering that information in.

The same change is effective on the Payoffs and Payments screen as well.

The colors to the right of each dollar amount designate the kind of classification the line item currently has. The options are Closing Adjustments (gold), Closing Cost Funds (green), Payoffs (purple), and Prorations (blue).

These colors replace the previous colors that were on the side of the line items to explain how we came to the totals for Funds for Borrower, Down Payment/Funds from Borrower, and the Adjustments and Other Credits. Those fields are now calculated as follows:

Down Payment / Funds from Borrower Standard Method: Total payoffs less loan amount less anything financed only if the result is greater than zero Alternative Method: Not applicable Purple line items - loan amount - closing cost financed Funds for Borrower Standard Method: Total payoffs less loan amount plus anything financed only if the result is less than zero Alternative Method: Not applicable Purple line items - loan amount + closing cost financed Closing Cost Financed Standard and Alternative Method: Loan amount less payoffs up to the amount of closing costs Loan amount - Purple line items Adjustments and Other Credits Standard Method: The sum of funds, proration, and adjustments (everything that isn't a payoff). Alternative Method: Not applicable Green line items + Blue line items + Yellow line items Payoffs and Payments Standard Method: Not applicable Alternative Method: Sum of payoffs less the sum of funds, proration, and adjustments Purple line items less the sum of blue line items, green line items, and yellow line items

To add information to the line item, you will be required to specify what kind of classification the item falls under before you can enter in the associated information. We’ve done our best to default these, but you can change it as needed when prompted.

When you select a type and click “Select”, a new pop up will pop up for you to complete the information. If you are trying to remove a fee, go ahead and do the same and there will be a link at the bottom of the pop up to Clear All. Clicking on “Close” will save the information to the line item on the Summaries of Transactions page, including clearing the item if that is what you’ve chosen. There are no required fields on these pop ups, but there are drop downs that need to be answered accordingly: Adjustment type, Fund Type, Liability Type, and Proration Type. Again, if you cannot find what you are looking for, select the “other” option. Please be advised that the GSEs would like to avoid seeing “other” unless it is necessary.

Closing Adjustment

Fund

Payoff

Proration

Once you hit “Close”, the fields on the Summaries of Transaction/Payoffs and Payments will automatically update and the color of the line item will adjust according to the line type.

We have compiled a list of common items and their classification types for your convenience. See Appendix B of this walkthrough.

Once you have submitted your file, you can go back to the order status page and find a new section for UCD submissions. We can submit directly to Fannie Mae and Freddie Mac entirely through PPDocs.

If you select Fannie Mae, you will see a new page that asks if you’d like to enter your credentials that would normally be used to log into your Fannie Mae portal or if you would like to use our credentials for testing.

If you choose to update your account with your own credentials, you will be prompted to enter them. This will be saved with your account and you will not be asked again.

When you have determined which credentials to use, you will then have the option to submit the UCD.

When you hit submit, the system will generate a new UCD file based on a CD that would be generated at that point in time. Then, it will send the file to Fannie Mae and report back with the findings.

Please note that any changes made to the file will need to be resubmitted to Fannie Mae for the changes to show up in the findings

Once it is submitted to Fannie Mae, you will see the option to resend it, to view the findings, or to download the UCD XML.

When you view the findings report, you will see the same information you would be seeing in the Fannie Mae portal. It will give you a basic overview of the loan that was submitted, whether or not it was successful, and a summary of the audits from Fannie Mae.

Alternatively, if you select Freddie Mac, you will see a new page that asks if you’d like to enter your credentials that would normally be used to log into your Freddie Mac portal or if you would like to use our credentials for testing.

If you choose to update your account with your own credentials, you will be prompted to enter them. This will be saved with your account and you will not be asked again.

When you have determined which credentials to use, you will then have the option to submit the UCD.

When you hit submit, the system will generate a new UCD file based on a CD that would be generated at that point in time. Then, it will send the file to Freddie Mac and report back with the findings.

Please note that any changes made to the file will need to be resubmitted to Freddie Mac for the changes to show up in the findings

Once it is submitted to Freddie Mac, you will see the option to resend it, to view the findings, or to download the UCD XML.

When you view the findings report, you will see the same information you would be seeing in the Freddie Mac portal. It will give you a basic overview of the loan that was submitted, whether or not it was successful, and a summary of the audits from Freddie Mac.

Appendix A – Common fees and fee types

Description MISMO Type 203K Architectural And Engineering Fee 203 K Architectural And Engineering Fee 203K Consultant Fee 203 K Consultant Fee 203K Discount On Repairs 203 K Discount On Repairs 203K Inspection Fee 203 K Inspection Fee 203K Permits 203 K Permits 203K Supplemental Document Fee Other 203K Supplemental Origination Fee 203 K Supplemental Origination Fee Admin Fee Other Administrative Fee Other Amortization Fee Amortization Fee Application Fee Application Fee Appraisal Desk Review Fee Appraisal Desk Review Fee Appraisal Fee Appraisal Fee Appraisal Field Review Fee Appraisal Field Review Fee Appraisal Management Company Fee Appraisal Management Company Fee Appraisal Review Other Appraisal Review (3rd party appraiser) Other Appraisal Review Fee Other Asbestos Inspection Fee Asbestos Inspection Fee Assessment Tax Other Assignment Fee Assignment Fee Assumption Fee Assumption Fee Attorney Fee Attorney Fee Attorney Review Fee Other Automated Underwriting Fee Automated Underwriting Fee AVM Fee AVM Fee Bank Fee Other Bankruptcy Monitoring Fee Bankruptcy Monitoring Fee Bond Fee Bond Fee Bond Review Fee Bond Review Fee Borough Property Tax Other Broker fee Mortgage Broker Fee Buydown/Subsidy Fee Temporary Buydown Administration Fee Certification Fee Certification Fee Chosen Interest Rate Credit Or Charge Total Chosen Interest Rate Credit Or Charge Total City Bond Tax Other City Property Tax Other CLO Access Fee CLO Access Fee Closing Coordination Fee Other Closing Fee Review Other Compliance Audit (Lender) Other Compliance Audit (Other) Other

Condominium Association Dues Condominium Association Dues Condominium Association Dues Other Condominium Association Special Assessment Other Condominium Association Special Assessment Condominium Association Special Assessment Construction Completion Funds Other Consultant Fee Other Conversion Fee Other Cooperative Association Dues Cooperative Association Dues Cooperative Association Dues Other Cooperative Association Special Assessment Other Cooperative Association Special Assessment Cooperative Association Special Assessment Copy Or Fax Fee Copy Or Fax Fee County Bond Tax Other County Property Tax Other Credit Alert (CAVIR) Other Credit Disability Insurance Premium (Optional) Credit Disability Insurance Premium Credit Disability Insurance Premium (Required) Credit Disability Insurance Premium Credit Life Insurance Premium (Optional) Credit Life Insurance Premium Credit Life Insurance Premium (Required) Credit Life Insurance Premium Credit Property Insurance Premium (Optional) Credit Property Insurance Premium Credit Property Insurance Premium (Required) Credit Property Insurance Premium Credit Report Fee Credit Report Fee Credit Unemployment Insurance Premium Credit Unemployment Insurance Premium Customer Identification Program Other Debt Cancellation Insurance Premium Debt Cancellation Insurance Premium Disaster Inspection Fee Disaster Inspection Fee District Property Tax Other Document Preparation Fee Document Preparation Fee Document Review Other Document Review Fee Other Documentary Stamp Fee Documentary Stamp Fee Download Fee Other Dry Wall Inspection Fee Dry Wall Inspection Fee Earthquake Insurance Other Earthquake Insurance Premium Other Electrical Inspection Fee Electrical Inspection Fee Electronic Document Delivery Fee Electronic Document Delivery Fee Energy Efficient Improvement Funds Other Engineers Report (if not required by Lender) Other Engineers Report (if required by Lender) Other Environmental Inspection Fee Environmental Inspection Fee eRecording Fee Other Escrow Repairs (Rehab. Amounts) Other Escrow Service Fee Escrow Service Fee Escrow Waiver Escrow Waiver Fee

Escrow Waiver Fee Escrow Waiver Fee Express Mail Other FHA Insuring fee Other Filing Fee Filing Fee Final Inspection Fee Other Final Inspection Fee - Post Closing Other Flood Certification Fee Flood Certification Flood Determination Fee Flood Certification Flood Fee Flood Certification Flood Insurance Other Flood Insurance Fee Other Flood Insurance Premium Other Flood Monitoring Fee Flood Certification Foundation Inspection Fee Foundation Inspection Fee Funding Fee Other General Counsel Fee General Counsel Fee Hail Insurance Premium Other Hazard Insurance Other Hazard Insurance Premium Other Heating Cooling Inspection Fee Heating Cooling Inspection Fee High Cost Mortgage Counseling Fee High Cost Mortgage Counseling Fee HOA Capital Contribution Other HOA Dues Homeowners Association Dues HOA Processing Fee Other HOA Reserve Fee Other HOA Transfer Fee Other Home Inspection Fee Home Inspection Fee Home Warranty Fee Home Warranty Fee Home Warranty Fee (Optional) Home Warranty Fee Homeowners Association Dues Other Homeowners Association Dues Homeowners Association Dues Homeowners Association Special Assessment Homeowners Association Special Assessment Homeowners Association Special Assessment Other Homeowners Insurance Other Homeowners Insurance Premium Other Homeownership Counseling Fee Other Insurance Reimbursement Other Lead Inspection Fee Lead Inspection Fee Lender Courier Fee Courier Fee Lender's Attorney Fee Lenders Attorney Fee Lender's Inspection Fee Other LO Compensation Loan Originator Compensation Loan Delivery Fee Other Loan Level Price Adjustment Loan Level Price Adjustment Loan Origination Fee Loan Origination Fee

Loan Originator Compensation Loan Originator Compensation Lock Extension Rate Lock Fee Lock Extension Fee Rate Lock Fee Lock-In Fee Rate Lock Fee Manual Underwriting Fee Manual Underwriting Fee Manufactured Housing Inspection Fee Manufactured Housing Inspection Fee MERS Registration Fee MERS Registration Fee MIP Refund Other Modification Fee Modification Fee Mold Inspection Fee Mold Inspection Fee Mortgage Broker Fee Mortgage Broker Fee Mortgage Insurance Other Mortgage Insurance Premium Other Mortgage Surcharge County Or Parish Mortgage Surcharge County Or Parish Mortgage Surcharge Municipal Mortgage Surcharge Municipal Mortgage Surcharge State Mortgage Surcharge State Municipal Lien Certificate Fee Municipal Lien Certificate Fee New Loan Administration Fee New Loan Administration Fee Notary Fee Notary Fee Origination Fee Loan Origination Fee Our Origination Charge Our Origination Charge Total Parish Tax Other Payoff Request Fee Payoff Request Fee Pest Inspection Fee Pest Inspection Fee Pest Insurance Other Plan Review Fee Other Plumbing Inspection Fee Plumbing Inspection Fee Power Of Attorney Preparation Fee Power Of Attorney Preparation Fee Power Of Attorney Recording Fee Power Of Attorney Recording Fee Pre-Plan Inspection Fee Other Preclosing Verification Control Fee Preclosing Verification Control Fee Prepaid Interest Other Private Mortgage Insurance Other Processing Fee Processing Fee Property Inspection Waiver Fee Property Inspection Waiver Fee Property Tax Other Radon Inspection Fee Radon Inspection Fee Rate Lock Fee Rate Lock Fee Real Estate Commission Buyers Broker Real Estate Commission Buyers Broker Real Estate Commission Sellers Broker Real Estate Commission Sellers Broker Rebate Fee Other Recertification Fee (To Appraiser) Other Reconveyance Fee Reconveyance Fee Recording Fee For Assignment Recording Fee For Assignment Recording Fee For Deed Recording Fee For Deed

Recording Fee For Mortgage Recording Fee For Mortgage Recording Fee For Municipal Lien Certificate Recording Fee For Municipal Lien Certificate Recording Fee For Release Recording Fee For Release Recording Fee For Subordination Recording Fee For Subordination Redraw Fee Redraw Fee Refinance Fee Other Rehabilitation Funds Other Reinspection Fee Reinspection Fee Release Fee Other Repairs Fee Repairs Fee Roof Inspection Fee Roof Inspection Fee School Property Tax Other Septic Inspection Fee Septic Inspection Fee Smoke Detector Inspection Fee Smoke Detector Inspection Fee State Property Tax Other Structural Inspection Fee Structural Inspection Fee Subordination Fee Subordination Fee Supplemental Discount Fee Other Supplemental Origination Fee Other Survey Fee Survey Fee Survey Fee (Optional) Survey Fee Tax Monitoring Fee Other Tax Related Service Fee Tax Related Service Fee Tax Research Fee Tax Related Service Fee Tax Service Tax Related Service Fee Tax Service Fee Tax Related Service Fee Tax Service Fee - initial examination Tax Related Service Fee Tax Stamp For City Deed Tax Stamp For City Deed Tax Stamp For City Mortgage Tax Stamp For City Mortgage Tax Stamp For County Deed Tax Stamp For County Deed Tax Stamp For County Mortgage Tax Stamp For County Mortgage Tax Stamp For State Deed Tax Stamp For State Deed Tax Stamp For State Mortgage Tax Stamp For State Mortgage Tax Transcript Fee Other Temporary Buydown Administration Fee Temporary Buydown Administration Fee Temporary Buydown Points Temporary Buydown Points Title - 203K Title Update 203 K Title Update Title - Abstractor's Certificate Other Title - Amendment of Tax Exception Other Title - Attorney Fee Other Title - Certification Fee Title Certification Fee Title - Closing Fee Title Closing Fee Title - Closing Protection Letter Fee Title Closing Protection Letter Fee Title - Closing/Escrow Fee Other Title - Commitment Fee Commitment Fee

Title - Copy Fee Other Title - Courier Fee Other Title - Deed Preparation Fee Deed Preparation Fee Title - Delivery Fee Other Title - Document Preparation Fee Title Document Preparation Fee Title - E - Record Fee Other Title - E-Record Fee Other Title - Endorsement Fee Title Endorsement Fee Title - Endorsement T17 Other Title - Endorsement T19 Other Title - Endorsement T30 Other Title - Endorsement T36 Other Title - Endorsement T42 Other Title - Endorsements Title Endorsement Fee Title - Environmental Protection Lien T-36 Title Endorsement Fee Title - Final Policy Short Form Fee Title Final Policy Short Form Fee Title - Guaranty Fee Other Title - Inspection Other Title - Inspection Fee Other Title - Insurance Binder Title Insurance Binder Fee Title - Insurance Fee Title Insurance Fee Title - Insuring Fee Other Title - Lender's Title Insurance Title Lenders Coverage Premium Title - Lender's Title Policy Title Lenders Coverage Premium Title - Lenders Coverage Premium Title Lenders Coverage Premium Title - Not Yet Due and Payable Tax Amendment Other Title - Notary Fee Title Notary Fee Title - Opinion/Policy Other Title - Owner's Title Policy Title Owners Coverage Premium Title - Owner's Title Policy (optional) Title Owners Coverage Premium Title - Planned Unit Development T-17 Title Endorsement Fee Title - Post Closing Fee Other Title - Property Tax Status Research Fee Property Tax Status Research Fee Title - Restriction Fees (To Title Company) Other Title - Restrictions, Encroachments, Minerals T-19 Title Endorsement Fee Title - Services Fee Total Title Services Fee Total Title - Services Sales Tax Title Services Sales Tax Title - Settlement Agent Fee Other Title - Settlement Fee Settlement Fee Title - Signing Agent Fee Signing Agent Fee Title - State Title Insurance Fee State Title Insurance Fee Title - Tax Certificate Other Title - Tax Deletion Other Title - Title Examination Fee Title Examination Fee Title - Title Search Other

Title - Title Search Fee Other Title - Transfer Tax Total Transfer Tax Total Title - Underwriting Issue Resolution Fee Title Underwriting Issue Resolution Fee Title - Wire Transfer Fee Wire Transfer Fee Town Property Tax Other Township Property Tax Other Transaction Fee Other Transfer Tax Transfer Tax Total Transfer Tax Fee Transfer Tax Total TX Doc Prep APR Document Preparation Fee TX Doc Prep NON-APR Document Preparation Fee Underwriting Fee Underwriting Fee Upfront Mortgage Insurance Fee Other USDA Rural Development Guarantee Fee USDA Rural Development Guarantee Fee USDA Rural Development Guarantee Fee Other VA Funding Fee Other VA Funding Fee VA Funding Fee VA No-Bid Fee Other Verification Of Assets Fee Verification Of Assets Fee Verification Of Employment Fee Verification Of Employment Fee Verification Of Income Fee Verification Of Income Fee Verification Of Residency Status Fee Verification Of Residency Status Fee Verification Of Tax Return Fee Verification Of Tax Return Fee Verification Of Taxpayer Identification Fee Verification Of Taxpayer Identification Fee Village Property Tax Other Volcano Insurance Other Volcano Insurance Premium Other Warehouse Fee Other Warranty Deed Other Warranty Deed Fee Other Water Testing Fee Water Testing Fee Well Inspection Fee Well Inspection Fee Wind And Storm Insurance Premium Other Windstorm Insurance Other Wire Transfer Fee Wire Transfer Fee

Appendix B – Common item classifications

Description Classification Borough Property Tax Proration Borrower Estimated Total Monthly Liability Payment Payoff Bridge Loan Closing Cost Fund Cash On Hand Closing Cost Fund Cash Or Other Equity Closing Cost Fund Checking Savings Closing Cost Fund City Property Tax Proration Collections Judgments And Liens Payoff Condominium Association Dues Proration Condominium Association Special Assessment Proration Contribution Closing Cost Fund Cooperative Association Dues Proration Cooperative Association Special Assessment Proration County Property Tax Proration Credit Card Closing Cost Fund Deferred Student Loan Payoff Delinquent Taxes Payoff Deposit On Sales Contract Closing Cost Fund District Property Tax Proration Earthquake Insurance Premium Proration Equity On Pending Sale Closing Cost Fund Equity On Sold Property Closing Cost Fund Equity On Subject Property Closing Cost Fund Excess Deposit Closing Cost Fund First Position Mortgage Lien Payoff Flood Insurance Premium Proration Forgivable Secured Loan Closing Cost Fund Fuel Costs Closing Adjustment Garnishments Payoff Gift Closing Adjustment Gift Funds Closing Cost Fund Grant Closing Adjustment Grant Closing Cost Fund Ground Rent Proration Hail Insurance Premium Proration Hazard Insurance Premium Proration HELOC Payoff Homeowners Association Dues Proration Homeowners Association Lien Payoff Homeowners Association Special Assessment Proration Homeowners Insurance Premium Proration Housing Relocation Closing Cost Fund Installment Payoff

Interest On Loan Assumption Proration Lease Payment Payoff Lender Credit Closing Adjustment Life Insurance Cash Value Closing Cost Fund Lot Equity Closing Cost Fund Mortgage Credit Certificates Closing Cost Fund Mortgage Insurance Premium Proration Mortgage Loan Payoff Mortgage Revenue Bond Closing Cost Fund Open30 Day Charge Account Payoff Other Closing Adjustment Other Closing Cost Fund Other Payoff Other Proration Other Equity Closing Cost Fund Past Due Property Tax Proration Personal Loan Payoff Pledged Collateral Closing Cost Fund Premium Funds Closing Cost Fund Principal Reduction Closing Adjustment Proceeds Of Subordinate Liens Closing Adjustment Rebate Credit Closing Adjustment Relocation Funds Closing Adjustment Rent From Subject Property Closing Adjustment Rent From Subject Property Proration Rent With Option To Purchase Closing Cost Fund Repair Completion Escrow Holdback Closing Adjustment Repairs Closing Adjustment Retirement Funds Closing Cost Fund Revolving Payoff Sale Of Chattel Closing Cost Fund Sales Price Adjustment Closing Cost Fund Satisfaction Of Subordinate Lien Closing Adjustment Second Position Mortgage Lien Payoff Secondary Financing Closing Cost Fund Secured Loan Closing Cost Fund Seller Credit Closing Adjustment Sellers Escrow Assumption Closing Adjustment Sellers Mortgage Insurance Assumption Closing Adjustment Sellers Reserve Account Assumption Proration Services Closing Adjustment State Property Tax Proration Stocks And Bonds Closing Cost Fund Subordinate Financing Proceeds Closing Adjustment Sweat Equity Closing Adjustment Sweat Equity Closing Cost Fund

Tax Lien Payoff Taxes Payoff Tenant Security Deposit Closing Adjustment Third Position Mortgage Lien Payoff Town Property Tax Proration Trade Equity Closing Adjustment Trade Equity Closing Cost Fund Trust Funds Closing Cost Fund Unpaid Utility Escrow Holdback Closing Adjustment Unsecured Borrowed Funds Closing Cost Fund Unsecured Home Improvement Loan Installment Payoff Unsecured Home Improvement Loan Revolving Payoff Utilities Proration Volcano Insurance Premium Proration Wind And Storm Insurance Premium Proration