RADLEY CORPORATION HELPS LOAN SERVICERS STAY IN COMPLIANCE WITH USDA REQUIREMENTS

摘要

As of July 1, 2018, Electronic Data Interchange (EDI) is required for larger loan servicers communicating Mortgage Loan Default Status and Secondary Mortgage Market Investor Report transactions to the Rural Housing Service's Single Family Housing Guaranteed Loan Division of the United States Department of Agriculture (USDA). EDI is part of the Rural Housing Service's (RHS) move to Electronic Status Reporting (ESR) to ensure that up-to-date information is accurately and electronically communicated from its loan servicers.