USDA: New USDA Electronic Status Reporting Requirements!
June 1, 2017
This notification conveys the implementation date for the required use of the new status reporting requirements to be April 1, 2018.
USDA Rural Development (RD) will adopt enhanced Electronic Status Reporting (ESR) on April 1, 2018, and are releasing an implementation guide, including release notes, for the following business reporting requirements:
1. Monthly default status reporting will be enhanced to add additional data fields and default status codes. The current Electronic Data Interchange (EDI) Transaction Set 264 will continue to be used but will require many new data fields. The new reporting structure will be similar to that of the Federal Housing Administration (FHA).
2. Quarterly status reporting will change in frequency from quarterly reporting to monthly reporting. The EDI Transaction set 203 will continue to be used and will not change in structure. However, the statuses of all loans will now be required on a monthly basis.
3. Servicers will now be required to perform corrections of their status reports, similar to what is required by FHA.
For lenders with a small USDA Rural Development portfolio, the web screen method of reporting will still be available in lieu of the EDI transaction sets.
The new “ESR Implementation Guide” and “ESR Implementation Guide Release Notes” are located on the USDA LINC Training and Resource Library.
Online user training and an ESR User Guide (for the web screen reporting and correction of the status reports) will be provided on the USDA LINC Training & Resource Library in the near future. An announcement will be sent out on the GovDelivery SFH Guaranteed Servicing email updates once the training and User Guide are available. To subscribe to the SFH Guaranteed Servicing email topic, please click here.
We ask that loan servicers review both the “ESR Implementation Guide” and “ESR Implementation Guide Release Notes” and should there be any questions or comments, please forward them to the following email boxes based on subject matter content:
For all other inquiries, you may contact us at 202-720-1452
To subscribe to the SFH Guaranteed Servicing email topic, please click here.
Customer Service Center
Single Family Housing Guaranteed Loan Division
USDA ITS Service Desk Support Center
For e-Authentication assistance
Phone: 800-457-3642, option 1 (USDA e-Authentication Issues)
Rural Development Help Desk
For GUS system, outage or functionality assistance
Phone: 800-457-3642, option 2 (USDA Applications); then option 2 (Rural Development)