UCD Critical Edits Transition Resources

Have questions about the critical edits transition?

Refer to the Latest Impact Memo

Read the May 2022 announcement

Part of the Uniform Mortgage Data Program® (UMDP®), the Uniform Closing Dataset (UCD) allows information on the Consumer Financial Protection Bureau (CFPB) Closing Disclosure to be transmitted electronically to Fannie Mae and Freddie Mac (the GSEs). Since Sept. 25, 2017, the UCD file submission has been a requirement for all loans delivered to the GSEs.

Designed to enhance closing data quality, the phased critical edits transition is the final step of the UCD implementation during which the GSEs will convert certain edits in their UCD collection systems from “warning” to “critical/fatal.” Once a datapoint has transitioned to “critical/fatal,” lenders must remediate quality issues for that data before delivering the loan to either GSE. 

Review the resources below to help your organization get ready for this important transition. 

Fannie Mae Resources

Resource Name Description
EarlyCheck and Loan Delivery Qualified Mortgage (QM) Edits Job Aid Learn more about new Loan Delivery and EarlyCheck edits that are leveraging a number of required UCD data elements related to Revised General Qualified Mortgage (QM) Rule. We will utilize the UCD and Uniform Loan Delivery Dataset (ULDD) as provided to perform the checks at time of delivery.
UCD Lender Readiness Checklist Follow these steps to help you prepare for the critical edits transition.
UCD Critical Edits Timeline Plan for the four phases of critical edits transitioning from “warning” to “fatal.”
Feedback Messages Review feedback messages associated with the upcoming critical edits.
UCD Test Environment  Test your UCD XML files to resolve potential critical issues with data about to transition to "fatal."
Fannie Mae Connect™ Reports Check the UCD Submissions and Findings Report in Fannie Mae Connect to see if warnings you receive are turning "fatal" in the next phase.


Joint-GSE Resources

Resource Name Description
Critical Edits Matrix Obtain details around the various phases, including the criteria of the required datapoint and the description of the rule.
UCD Critical Edits Implementation Guide Review the details around the transitioning data along with portions of the relevant Closing Disclosure sections.
Specification Update Impact Memo Version 2.0 Review this Impact Memo for changes to the UCD Specification v1.5.