Regulation C now requires HMDA-reporting institutions to report a Universal Loan Identifier (ULI) for mortgage loan application on which HMDA final action* is taken on January 1, 2018, or thereafter. The ULI replaces the “Application or Loan Number” listed on the institution’s HMDA Loan Application Register (LAR).
To support these changes, Sun West is implementing requirements for providing the Universal Loan Identifier (ULI) on correspondent loans as follows:
|Delivery Options||Sellers may use any of the following options to deliver ULIs:|
*For definition of final action taken, refer Filing instructions guide for HMDA data collected in 2018, page 21, 'Action taken'.
If you have any questions, please contact your Client Relations Manager at (855) OK-SUNWEST or (855) 657-8693.
18000 Studebaker Road, Suite 200
Cerritos, CA 90703
Phone: (800) 453-7884
This information is provided to licensed brokers/lenders only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice.