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. |
