Uniform Closing Dataset Announcements

Uniform Closing Dataset (UCD) is an ongoing, joint GSE effort to provide a common industry dataset to support the Consumer Financial Protection Bureau’s (CFPB) Borrower Closing Disclosure.

UCD Critical Edits Implementation Timeline Announced August 11, 2020-Fannie Mae is implementing a two-year transition to convert a select number of edits in the UCD Collection Solution from “warning” to “critical/fatal.” The transition will begin in May 2021 and is designed to enhance data quality and consistency for single-family loans purchased by the GSEs.
GSEs Delay Uniform Closing Dataset Critical Edits Implementation April 7, 2020-Fannie Mae and Freddie Mac have been planning for a 2-year transition to convert certain edits in their Uniform Closing Dataset (UCD) collection solutions from “warning” to “critical.” In recognition of industry feedback, competing priorities, and COVID-19, the GSEs have delayed the implementation of UCD critical edits until further notice.
UCD Collection Solution User Interface Redesign February 20, 2020-UCD Collection Solution User Interface Redesign
On March 2, 2020, The UCD Collection Solution User Interface (UI) will be updated to reflect a more dynamic look-and-feel designed to improve user experience. The update will be visible within UCD when users log in with their standard credentials and will not interrupt the UCD submission process. Users are encouraged to test performance in the UCD Test Environment prior to the UI rollout.
UCD Resubmission Requirements and Guidelines June 28, 2019-Freddie Mac and Fannie Mae (the GSEs) provide guidance on resubmission of UCD data when changes or corrections have been identified.
UCD Collection Solution Updates May 22, 2018-Multiple updates are being made to the UCD collection solution beginning June 8, including additional UCD schema validations, a new user interface for manual data entry, and a PDF upload feature.
UCD Collection Solution Release Notes April 26, 2018-Multiple updates are being made to the UCD collection solution beginning May 25, including a new user interface, updates to the UCD schema validations, and a new testing environment.
UCD Collection Solution Version 3.3 February 12, 2018-Updates will be made to edit feedback messages and the transfer capability in the UCD collection solution on March 26. Additional enhancements will also be implemented in Q2 2018
Mark Your Calendars for June 25 January 30, 2018-We've announced the UCD edits will switch to Fatal in Loan Delivery as of June 25, 2018. Also on June 25, lenders must embed their Closing Disclosure PDF (Borrower data) in the UCD file to ensure a successful loan delivery.