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 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. |
| 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. |
