On the heels of the recent processing changes implemented last month for Fannie Mae, CU*Answers is gearing up to work on the processing changes for Freddie Mac that will be effective with the October 2018 reporting cycle. “Our system will be updated to allow loan activity reports (LARs) to be sent to Freddie Mac on a daily basis and the reporting cycle will be changed to calendar month with a full reporting file required on calendar day 15 similar to the CD22 reporting for Fannie Mae,” said Karen Sorensen, technical writer.

The first specification review meeting will occur later this month and system changes will start soon after.