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.

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.
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.
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.
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.
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.
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.