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.
| 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. |
| Supplemental Consumer Information Form Required | May 3, 2022-The Supplemental Consumer Information Form (SCIF/Form 1103) will be required for new conventional loans sold to Fannie Mae and Freddie Mac with application dates on or after March 1, 2023. This requirement will help facilitate the collection of homeownership education, housing counseling, and language preference information. |
| Transition of Qualified Mortgage Edits from Warning to Critical – April 21 | March 15, 2022-Fannie Mae and Freddie Mac (the Enterprises) recognized lenders and software partners were still working to implement data quality corrections to certain Qualified Mortgage (QM)-related data points. Edits related to the values expected in these data points were due to become critical on February 11, 2022. However, in order to give the industry additional time to prepare; we decided to extend the time these edits would continue to return warnings. |
| UAD redesign report to industry stakeholders | March 14, 2022-Fannie Mae and Freddie Mac have issued a report describing the input and development process for the new Uniform Residential Appraisal Report (URAR), which will replace individual appraisal report forms on a future date. |
| Prepare for UCD Critical Edits Phase 2 Coming March 31, 2022 | February 15, 2022-As announced on Nov. 2, the Uniform Closing Dataset (UCD) critical edits Phase 2 implementation date is March 31, 2022. |
| ULDD Phase 4a Specification Release | December 14, 2021-Fannie Mae and Freddie Mac (the GSEs) are updating the Uniform Loan Delivery Dataset (ULDD) to align with current GSE requirements and support the continued improvement of our loan delivery standards. Fannie Mae’s updates clarify implementation notes, add a new valid value, remove an inactive valid value, and align data point conditionality to the Selling Guide for the existing ULDD Phase 3 data points. |
