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Lender Alerts

Lender Alerts

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HMDA 2018 Update: Universal Loan Identifier

(Applicable to Correspondent Channel)

Dear Licensed Partner,

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 Requirements
  • Sellers must submit a ULI for all delegated loans closed on and after January 01, 2018
  • Sellers must submit a ULI if assigned on delegated loans closed prior to January 01,2018
  • Sun West will generate a ULI for,
    • Any transaction without a ULI when the closing date was prior to January 01, 2018 and Sun West purchased the transaction on or after January 01, 2018.
    • All Non-delegated transactions underwritten by Sun West.
Delivery Options Sellers may use any of the following options to deliver ULIs:
  • At E-Origination or Create a Loan screen in sunsoft. Additional details on ULI field update at these screens can be accessed here.
  • Anywhere on the current Uniform Residential Loan Application (URLA) or Demographic Information Addendum

*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.


Sun West Mortgage Company, Inc.

18000 Studebaker Road, Suite 200
Cerritos, CA 90703
Phone: (800) 453-7884

SW-1: Our No Overlays Program

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.

Equal Housing Opportunity