UCD Critical Edits Phase 3: New Resources Available

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.