Do you have loans purchased by investors? Will you be originating loans on or after Sept ?

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1 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, 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 ? 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

2 one from the list. If your system is not there, you can select 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 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. 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.

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

4 There is also a change to the 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/s 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.

5 The same change is effective on the s 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 s (gold), s (green), s (purple), and s (blue).

6 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 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 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 s 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.

7 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 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. Fund

8 Once you hit Close, the fields on the Summaries of Transaction/s 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.

9 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.

10 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.

11 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

12 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.

13 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.

14 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.

15 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

16 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.

17 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.

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

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

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

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

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

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

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

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

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

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