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Uniform Closing Dataset (UCD)

The Uniform Closing Dataset (UCD) is part of an ongoing effort by Fannie Mae and Freddie Mac at the direction of the Federal Housing Finance Agency, to provide a common industry dataset to support the CFPBís Closing Disclosure.

Fannie Mae and Freddie Mac will begin requiring the UCD XML file for all loans delivered with a Note date on or after September 25, 2017. The XML file must be in the MISMO Version 3.3.0 Reference Model format. It is important that you ensure your systems/vendors will be ready to support this requirement. See Fannie Maeís UCD Technology Solution Provider (TSP) List for more information and each vendorís solution.
Flagstar Bank Delivery Requirements
Flagstar will require compliance with Fannie Mae and Freddie Macís UCD mandate for any loan delivered for purchase with a Note date on or after Monday, September 25, 2017 for the latest CD provided to the borrower(s). If after submission of the UCD, a redisclosed CD is issued to the borrower(s), correspondents must provide UCD results for subsequent disclosure(s) issued. Flagstar will require submission to both Fannie Mae and Freddie Mac on all loans that are eligible for sale to Fannie Mae and/or Freddie Mac.

Lenders must process the XML submission to both Fannie and Freddie and provide Flagstar with the following:

  • Fannie Mae - UCD Findings Report indicating Successful with no Fatal edit messages
  • Freddie Mac - Loan Closing Advisor (LCA) Feedback Certificate document indicating Satisfied with no red "critical" messages
Additional resources are available on the Fannie Mae and Freddie Mac websites.

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