The government-sponsored enterprises' (GSEs') Uniform Mortgage Data Program (UMDP) and some of its mandates have recently landed in the public eye more frequently because we're getting closer and closer to the implementation deadlines. But for most people, a clear understanding of UMDP is obscured by a list of newly minted acronyms just waiting to become familiar. * Some day they may actually become as familiar as USPAP (Uniform Standards of Professional Act) and TILA (Truth in Lending Act). But needless to say, we're not there yet. * The truth is, when you look at what the GSEs are trying to accomplish whit this program, the different components become clear and you can see the tremendous benefits the lending industry will gain as a result. The who, what, why and whens
