Answer:
From a regulatory standpoint there is no requirement. From an investor requirement, they make their own rules.
HMDA 2018 Rule-Universal Loan Identifier (ULI)
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Question:
This is concerning the HMDA 2018 rule. I have ​heard from one of our correspondent banks that we are required to have our Universal Loan Identifier (ULI) on all mortgage loan documents. This was a surprise to me and did not think this is a requirement of the new rule. Do you know if his is required starting January 1, 2018?
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