Uniform Mortgage Data Program Announcements
The Uniform Mortgage Data Program® (UMDP®) is an effort undertaken jointly by Fannie Mae and Freddie Mac at the direction of the Federal Housing Finance Agency to enhance data quality and standardization.
| New Uniform Residential Appraisal Report Training | November 18, 2024-The Uniform Appraisal Dataset (UAD) and Forms Redesign team has published the Industry’s Guide to the New URAR. The course educates all stakeholders on the dynamic appraisal reports and updated dataset. It includes the Appraisal Update Report and the Completion Report. For appraisers seeking continuing education (CE) credit, training will be available beginning in 2025 from appraiser education providers. |
| Updated UAD redesign timeline with specific implementation dates | October 28, 2024-Fannie Mae and Freddie Mac (the GSEs) have published a detailed implementation timeline for the industry migration to the Uniform Appraisal Dataset (UAD) 3.6 and dynamic Uniform Residential Appraisal Report (URAR) that provides specific implementation dates. While the timeline has not changed, we’ve updated previously provided quarters with specific dates to help the industry develop more detailed plans for implementation activities. |
| GSEs publish the UCD v2.0 Specification | September 24, 2024-The GSEs published the Uniform Closing Dataset v2.0 Specification (UCD v2.0) and supporting resources to provide clearer UCD XML file requirements to help sellers improve data quality. |
| New Lender Readiness Kit | June 11, 2024-Supplement to the previously published Partner Playbook. This document helps lenders prepare for and adopt the updated UAD and retire the existing appraisal forms. It offers timelines and roadmaps to keep lenders on track, and additional resources to learn more along the way. |
| New Legacy Forms to Redesigned Uniform Residential Appraisal Report (URAR) Property Type Characteristics | June 11, 2024-Helps the transition to the new report by providing clarification on how existing appraisal form numbers map to the URAR’s new dynamic structure and discrete and repeatable data. |
| UCD Updates: Specification and Postponed Critical Edits Timeline | March 28, 2024-Fannie Mae and Freddie Mac (the GSEs) announced the timeline and scope for the Uniform Closing Dataset (UCD) v2.0 Specification updates, and UCD critical edits Phase 4 and 3B postponed requirements. |
| ULDD Phase 5 (5.0.1) Specification Release | January 30, 2024-We’re updating the ULDD to provide further guidance on implementation and mandate dates associated with the data enhancements included in the ULDD Phase 5 specification published on Sept. 12, 2023. Please review the announcement below for an overview on the implementation and mandate dates associated with business-critical and UAD 3.6 alignment data enhancements for the Phase 5 data requirements. |
| Timeline for UAD and Forms Redesign | January 23, 2024-This overall timeline has not changed; however, provides more milestone details to help in the development, testing, and training to prepare for the new UAD and Uniform Residential Appraisal Report (URAR). |
| ULDD Phase 5 Supporting Documentation Updates | December 19, 2023-As a follow up to the September 12, 2023, announcement, Freddie Mac and Fannie Mae (the GSEs) are providing supporting documentation updates to help prepare you for the implementation of ULDD Phase 5. |
| Phase 3B of the UCD critical edits is here | November 6, 2023-Phase 3B of the Uniform Closing Dataset (UCD) critical edits transition became effective on Nov. 6, 2023. Lenders must remediate quality issues for fatal edits before delivering loans to Fannie Mae. |
| ULDD Phase 5 Specification Release | September 12, 2023-The Fannie Mae Phase 5 implementation will add new data points and updates to existing data points to support the Enterprise Credit Score and Credit Reports Initiative requirements, and align with Uniform Appraisal Dataset (UAD) Redesign specification, Fannie Mae Selling Guide updates, and business-critical needs. |
| UCD Critical Edits Phase 3B: Postponement of Certain Fee by Section Edits | September 6, 2023-Fannie Mae and Freddie Mac (the GSEs) are announcing that the Uniform Closing Dataset (UCD) Phase 3B critical edits that limit the fee enumerations allowed in three sections of the Closing Disclosure (CD) will not turn critical/fatal on November 6, 2023. |
| UCD critical edits phase 3A transitioned to fatal | May 1, 2023-Fannie Mae and Freddie Mac announced new resources to assist with the Uniform Closing Dataset (UCD) critical edits Phase 3A and 3B transition from warning to fatal. The Phase 3A edits transitioned to fatal on May 1, 2023, and Phase 3B will transition on Nov. 6, 2023. |
| UCD critical edits Phase 3 will transition as two subsets | April 11, 2023-Fannie Mae and Freddie Mac (the GSEs) are announcing changes to the Uniform Closing Dataset (UCD) critical edits Phase 3 transition timeline. The GSEs are dividing the Phase 3 critical edits into two subsets: 3A and 3B. Phase 3A edits will transition to critical/fatal as planned on May 1, 2023. The second subset of edits, Phase 3B, will transition to critical/fatal on Nov. 6, 2023. The critical edit transition date for Phase 4 has been deferred. |
| UCD Critical Edits Phase 3: Joint-GSE Announcement | February 28, 2023-Are you ready for the Uniform Closing Dataset (UCD) critical edits Phase 3 transition? Fannie Mae and Freddie Mac (the GSEs) published new and updated UCD critical edits resources to help lenders and software partners/technology solution providers prepare for the UCD Phase 3 critical edits transition. |
| Reminder: Supplemental Consumer Information Form requirement | February 7, 2023-Lenders must use the Supplemental Consumer Information Form (SCIF/Form 1103) for new conventional loans sold to the GSEs with application dates on or after March 1. Any data provided on the SCIF must also be included in each GSE’s automated underwriting system submission file. |
| UCD Critical Edits Phase 3: New Resources Available | December 20, 2022-Fannie Mae and Freddie Mac (the GSEs) published new and updated Uniform Closing Dataset (UCD) critical edits resources to help lenders and software partners/technology solution providers prepare for Phase 3. The Phase 3 UCD critical edits mandate is quickly approaching. On May 1, 2023, specified edits in each GSE’s UCD collection solution will convert from “warning” to “critical/fatal.” As a reminder, the UCD critical edits transition is designed to improve data quality and consistency for single-family loans that the GSEs purchase. |
| UCD Critical Edits Phase 3: Warning Edits are Available | November 7, 2022-On May 1, 2023, specified edits in the UCD collection solutions will convert from “warning” to “critical/fatal.” Phase 3 begins Nov. 7, 2022, with the availability of “warning” edits and messages in each collection solution’s test and production environments. |
| Supplemental Consumer Information Form Updates | July 6, 2022-At the direction of the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac (the GSEs) announced on May 3, 2022, that the Supplemental Consumer Information Form (SCIF Fannie Mae/Freddie Mac Form 1103) will be a required document in the loan file for new conventional loans sold to the GSEs with application dates on or after March 1, 2023. |
| Revised UCD Critical Edits Transition Timeline | May 31, 2022-Fannie Mae and Freddie Mac (the GSEs) are announcing changes to the Uniform Closing Dataset (UCD) Critical Edit transition based on continued industry feedback that considers competing priorities, strategic implementation planning, and available resources for both lenders and technology solution providers (TSPs). The transition is designed to enhance data quality and consistency for single-family loans purchased by the GSEs. The GSEs are revising the timeline for the remaining phases. |
