Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac recently published a Uniform Closing Dataset (UCD) to support the Consumer Financial Protection Bureau’s (CFPB) Closing Disclosure. Soon this information will be required of lenders and their settlement providers.
The UCD is a component of the Uniform Mortgage Data Program, an ongoing effort by the GSEs, at the direction of the Federal Housing Finance Agency (FHFA), to enhance the accuracy and quality of loan data.