SFH Guaranteed Origination
October 19, 2020.
SFH Guaranteed Loan Program URLA/ULAD Open Lender Readiness Testing
We were excited to share in June 2020 that USDA Section 502 Single Family Housing Guaranteed Loan Program (SFHGLP) is building a "NEW" Guaranteed Underwriting System (GUS) to support the new Uniform Residential Loan Application (URLA) and Uniform Loan Application Dataset (ULAD) and to modernize GUS.
Effective March 1, 2021,
- "NEW" GUS will go live into production and require lenders to import a FNMA DU MISMO 3.4 v1.8.1 file and/or manually enter applications supporting URLA/ULAD mandated changes.
- The current GUS will be renamed "Legacy GUS" and placed in a read only mode.
The USDA SFHGLP URLA Implementation Timeline highlights important milestones and details. This timeline is located on the USDA Training and Resource Library under the section ‘Guaranteed Underwriting System (GUS).’
Open Lender Readiness Testing begins shortly and will run from November 2020 - February 2021. We encourage lender participation. The exact date when Open Lender Readiness Testing will begin will be published the last week of October. USDA Rural Development (RD) Single Family Housing (SFH) lenders with an active Lender Participation Agreement (Form RD 3555-16 or RD 1980-16) and an active GUS User Agreement can request access to and utilize our new Guaranteed Underwriting System Lender Test Environment (GUS LTE).
Gain Access to GUS LTE
To gain approval to test and be provided access to the new GUS LTE, we ask lenders to execute and return the required ‘Addendum to the GUS USER AGREEMENT for the GUS Lender Test Environment (GUS LTE).
Supporting Open Lender Readiness Testing documentation, including the needed addendum, is located on the USDA Training and Resource Library under a newly added section entitled: New URLA Guaranteed Underwriting System - Lender Test Environment (GUS LTE).
Why test? Testing will allow you and your lending organization to confirm your capabilities to export the FNMA DU MISMO 3.4 v1.8.1 file from your Loan Origination System (LOS)/Point of Sale (POS) systems and import (upload) your data file into our new GUS LTE. One critical confirmation is to ensure Mortgage Type (Unique ID 3.0001) is coded as “USDARuralDevelopment”. This is necessary for the file import process to run and be accepted by USDA. This is a new requirement in new GUS, where current GUS allows for Conventional, FHA or VA.
Take testing a step further and become familiar with the new modernized GUS interface, create a loan application and test a final submission, and compare and contrast your current GUS processes and user experience to the new modernized environment.
We welcome feedback and are excited to partner with you in early readiness testing. Please send any questions to our mailbox: SFHGSystemIntegration@usda.gov.
Your request will be reviewed by our URLA Lender Engagement Team and any follow up needed will be provided timely.
Links to websites:
SFHGLP Lending Partner Webpage: https://www.rd.usda.gov/page/sfh-guaranteed-lender
SFHGLP webpage: https://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loan-program
USDA LINC Training and Resource Library:
https://www.rd.usda.gov/programs-services/lenders/usda-linc-training-resource-library
Procedure Notices: https://www.rd.usda.gov/resources/directives/procedures-notices
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