Loan Closing Advisor Release Notes June 24, 2017

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1 Loan Closing Advisor Loan Closing Advisor Release Notes June 24, 2017 The Freddie Mac Loan Closing Advisor s June 24, 2017 enhancements release improves functionality and usability by providing the following: UCD Requirement: A UCD Requirement status will be displayed on the Feedback Certificate to indicate if the UCD mandate has been met. Following are the detailed changes: Feedback Certificate (Summary and Detailed): When a loan is evaluated with a Closing Disclosure PDF and does not have a red General Info message, the UCD Requirement will display as Satisfied as shown below: When a loan is evaluated without a Closing Disclosure PDF and does not have a red General Info message, the UCD Requirement will display as Satisfied (Without a Closing Disclosure PDF) as shown below:

2 Feedback Certificate (Summary and Detailed) Stylesheets: The above changes will also be visible after applying the latest stylesheets of the Feedback Certificates (Summary and Detailed). In addition, if a loan encounters a General Info red error; the feedback certificate will display the UCD Requirement as Not Satisfied after applying the Feedback Certificate stylesheets as shown below: Enhanced Batch Processing (for GUI only): The process to evaluate a batch has been enhanced to continue processing even when MISMO Schema errors are present within any loan, as opposed to rejecting the entire batch. The batch will be rejected only when the UCD file has a MISMO Schema error outside of the loan level. The following updates were made to the batch processing: When a UCD file has a MISMO Schema error outside of the loan level, the whole batch will be rejected and the MISMO Schema errors will be displayed on the Upload Status page or the Rejected Batch Summary page.

3 When a UCD file has a MISMO Schema error at loan level, the file will still be processed and the loan results will be displayed under the Completed Transactions tab on the Summary of Results page. The loans with MISMO Schema errors will be noted by a MISMO Schema Error icon along with a tool tip under the General Info column in the Completed Transactions tab as shown below. When searching by Batch ID or clicking on the hyperlinked Batch ID from the Upload Status page, number of loans submitted, number of loans evaluated and not evaluated will be displayed under the Details section on the Summary of Results page as shown below. These fields won t be displayed using any other search criteria. The Loan Evaluation Summary page will display with all the MISMO Schema errors as shown below. The line number for each MISMO Schema error will correspond to the line number of the downloadable XML (not the submitted XML file).

4 The loan(s) that have a MISMO Schema error can also be exported. The exported file will display the MISMO Schema errors as shown below: Sample XLSX exported file with MISMO Schema errors: Following are some additional changes made to the Summary of Results page to improve the user experience: In-Process & Rejected Batches tab has been renamed to Batches. Number of Loans and Submission Date/Time columns have been added to the Batches tab in the Summary of Results page. The text Rejected and In-Process for batch status have been converted to icons with an accompanying tool tip. The Completed Transactions tab will display when there are completed transactions. The Batches tab will display when there are in-process or rejected batches. Initiate Assignment Functionality: The functionality to initiate correspondent assignments has been removed from Loan Closing Advisor and a separate service will be available soon in the Loan Advisor Suite.

5 Additional GUI changes: Following are some additional updates to the user interface to improve the user experience: Filter by Red Eligibility messages. This feature has been added to Summary of Results page, however as of now there are no red Eligibility messages. An error message will be displayed when trying to download the Closing Disclosure PDF if, due to technical reasons, the system is not able to download the document. Improved Feedback Messages: Feedback has been improved per the message changes detailed below: General Info Messages: Following are the updates to General Info messages: New General Info yellow messages have been added for the format and validation of numeric data points. General Info red messages (MSGGI267, MSGGI268) for unique identifier validation have been removed. Data Quality Messages: Following are the updates to Data Quality messages: All red (critical) data quality messages have been converted to yellow (informational) messages. January updates to the Appendix I UCD Delivery Specification have been implemented. Message verbiage has been updated to add further clarity to many of the data quality messages. Eligibility Messages: The message verbiage of few Eligibility messages has been improved.

6 Addressed CTE Limitations/Defects: Following are the limitations/defects resolved in the June 24 release: The previous icon will now work as expected. When navigating from any other page, the Summary of Results page will retain the applied filters, sorting, and page selection. The exported file will display the Transaction ID when exporting a loan with a missing/invalid document type name (data point: DocumentTypeOtherDescription). The General Info message (MSGGI267) for the unique identifier validation will not be displayed when DocumentTypeOtherDescription is missing/invalid and one of the identifying data elements exists in the XML file. CTE Limitations/Defects A sample Closing Disclosure PDF will be displayed when downloading the Closing Disclosure PDF from Download utility.