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.

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.
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.
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.
Updated UCD critical edits transition timeline published November 2, 2021-On Nov. 2, Fannie Mae and Freddie Mac published an updated timeline announcing new launch dates for the Uniform Closing Dataset (UCD) critical edits transition phases 2-4.
Reminder: UCD Critical Edit Transition Phase 1 Date is July 31, 2021 July 20, 2021-As announced on May 19, 2021, Fannie Mae and Freddie Mac (the GSEs) delayed the implementation date of the Uniform Closing Dataset (UCD) Phase 1 critical edits from May 31 to July 31, 2021. As the new Phase 1 implementation date approaches, the GSEs recognize the tremendous progress made by lenders and vendors on both the quality and the completeness of UCD data in preparation for Phase 1.
UCD Critical Edit Transition: New Phase 1 Date is July 31 May 19, 2021-Phase 1 of the transition to convert edits in the Uniform Closing Dataset (UCD) collection systems from “warning” to “critical/fatal” has been moved from May 31 to July 31.
Get Ready - UCD Critical Edits Phase 1 is Coming May 2021 January 26, 2021-Freddie Mac and Fannie Mae (the GSEs) announced on August 11, 2020, that they are implementing a two-year transition to convert certain edits in their Uniform Closing Dataset (UCD) collection systems from “warning” to “critical.” This transition will begin May 31, 2021, and is designed to enhance data quality and consistency for single-family loans the GSEs purchase.
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.