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Loan Closing Advisor FAQs

Loan Closing Advisor Icon Loan Closing AdvisorSM

Find answers and advice for Freddie Mac's closing data validation tool.

General Loan Closing Advisor Questions

What is Loan Closing AdvisorSM?

Loan Closing Advisor is the Freddie Mac tool that collects and validates the Uniform Closing Dataset (UCD) in XML format. Loan Closing Advisor assesses the data against the UCD specification, checking for the completeness, validity and accuracy of certain calculated values, as well as consistency of the data. You can assess a loan through Loan Closing Advisor as many times as needed throughout the loan process, helping you to identify and resolve errors before you close a loan. This reduces the likelihood of a need for loan remediation, delays in delivery and repurchase risk related to closing data.

What is the UCD?

The UCD (Uniform Closing Dataset) is a common industry dataset that allows information on the Consumer Financial Protection Bureau's (CFPB's) Closing Disclosure to be communicated electronically. The GSEs have developed the UCD at the direction of the Federal Housing Finance Agency as part of the Uniform Mortgage Data Program® (UMDP®), an ongoing initiative to enhance loan quality and consistency through uniform loan data standards for the single-family loans the GSEs purchase.

When will Freddie Mac require the use of Loan Closing Advisor?

We'll require the use of Loan Closing Advisor and submission of the UCD XML file for all loans we purchase with a Note Date on or after September 25, 2017. Loan Closing Advisor is Freddie Mac's UCD collection tool; therefore, it must be used to submit the UCD XML file and Closing Disclosure PDF at or before the time of loan delivery.

Can I deliver the UCD without the Closing Disclosure PDF?

Yes. Freddie Mac is providing a six-month transition period (starting September 25, 2017) before enforcing the requirement to embed the Closing Disclosure PDF in the UCD XML file. Nonetheless, you are encouraged to submit the embedded Closing Disclosure PDF with the UCD XML file starting on September 25, 2017 to the extent you have the capability to do so.

When will Loan Closing Advisor be available and how do I obtain access?

Contact your Freddie Mac Account Representative or visit the Loan Closing Advisor web page and click on the "Get Started" button to start the process.

Is there a limit to how many users in my organization are able to obtain access credentials for Loan Closing Advisor’s customer test environment?

We don't limit the number of users. For the customer test environment, we ask that you limit access requests to four users per organization for GUI and one user per organization for system-to-system.

How do I submit my UCD XML file to Loan Closing Advisor?

You can access the Loan Closing Advisor web-based GUI and upload UCD XML files for evaluation against Loan Closing Advisor rules, and view and export results. A system-to-system (or direct) integration is also available; allowing you to assess loans and receive results via direct system integration.

Is there a system-to-system specification available? If so, how do I obtain the specification?

Yes. The Loan Closing Advisor System-To-System Web Services Technical Document is available to Freddie Mac customers upon request. Please contact your Freddie Mac Account Representative to request a copy.

How does the system-to-system integration method work?

Loan Closing Advisor system-to-system (or S2S) method is a web service call that uses https protocol allowing data to be encrypted in transmission. The calling system connects to Loan Closing Advisor's web service via the required parameters. The Loan Closing Advisor web service is a synchronous service with a single operation called Evaluate Loan. This operation accepts a single loan in the Uniform Closing Dataset (UCD) format, and assesses it for data quality and eligibility, returning the results of the evaluation in the form of an XML payload.

What port do I need to open to access Loan Closing Advisor in system-to-system integration?

Loan Closing Advisor uses a standard port 443 (https) for system-to-system access to Loan Closing Advisor's customer test environment and production environment.

How many times can I submit the file with the wrong password before getting locked out?

You'll be locked out after five failed attempts. You may resubmit after the 30-minute account lock-out period.

Will Freddie Mac purchase my loan if the UCD XML file has errors?

The feedback provided by Loan Closing Advisor does not indicate whether Freddie Mac will (or will not) purchase your loan.

Is the file format the same for Freddie Mac and Fannie Mae?

Yes. Both Freddie Mac and Fannie Mae accept an XML file that uses the MISMO v3.3 reference model and conforms to the published UCD specifications.

What messages are returned from Loan Closing Advisor?

You'll receive actionable feedback messages on the UCD data quality, regarding completeness, consistency and accuracy of certain calculated values, and reasonableness to help you resolve closing data defects. Loan Closing Advisor also provides you with loan eligibility information as it relates to closing data, providing you with greater certainty and reducing repurchase risk.

The Loan Closing Advisor web page indicates that feedback is returned as an "actionable feedback message." Does that mean my loan submissions will fail?

No, if there are only yellow or green messages. Yes, if the loan submission generates red General Info messages.

Do system-to-system integration and the web Interface provide business and technical messages?

Both business and technical messages are available in the GUI and system-to system methods. The feedback certificate displays business messages only; however, an export of the evaluation results shows both business and technical messages.

Is a feedback certificate available?

Yes. You can view and print the Loan Closing Advisor feedback certificate (with or without feedback messages). For the system-to-system method, stylesheets are available to display the feedback certificate at the summary and detail levels.

If Loan Closing Advisor returns errors, where do I correct those errors?

You should correct all errors in the system of record so that the submitted XML file always represents the data contained within the source system.

How do I know if the UCD requirement has been met?

If there are no red General Info messages, the UCD requirement is satisfied. The feedback certificate will also indicate that the UCD requirement has been "Satisfied".

Is delivery of the UCD required to sell the loan to Freddie Mac?

Yes. Freddie Mac will require you to submit the Closing Disclosure (PDF) along with the UCD XML file through Loan Closing Advisor for any loan submitted to Freddie Mac for purchase. However, you may submit a UCD XML file, with or without a PDF, any number of times to receive feedback on the closing data.

Are there critical data elements that must be present for Loan Closing Advisor to evaluate my UCD XML file?

Yes. The following are needed to evaluate your UCD XML file:

  • Loan Purpose Type
  • Loan Identifier Type (Lender Loan)
  • Loan Identifier (Lender Loan ID)
  • Document Type
  • Document Type Other Description
  • MIME Type Identifier*
  • Object Encoding Type*
*When the Closing Disclosure PDF is included.

Why do I get so many messages when submitting my loans through Loan Closing Advisor?

Freddie Mac evaluates submissions and provides feedback against all UCD fields. The majority of the feedback messages are informational to help you validate that your closing data aligns with the UCD.

Does the transaction ID generated from Loan Closing Advisor need to be entered in the Freddie Mac Selling System® when the loan is delivered?

No, the transaction ID is not required as an input into the Selling System when a loan is delivered.

What is the relationship between Loan Closing Advisor and the Selling System?

Freddie Mac will leverage unique identifiers from Loan Closing Advisor in the background for the Selling System to validate that the UCD requirement has been met. There are no changes required to the Selling System delivery.

Can my document preparation vendor submit the UCD on my behalf?

Yes. Document preparation vendors will be able to submit the UCD on behalf of lenders.

Are there any file size limitations?

Yes. Generally, for one loan, the XML file with the PDF attached is approximately 3.5MB. Ten XML files can be submitted for assessment if the PDF file is attached, while a maximum of 2,500 XML files can be submitted for assessment if the PDF file is not attached.

How far back in Loan Closing Advisor can we search?

At this point, there are no archive requirements. Some parameters are in place to limit the data that is returned. For example, when searching by Submission Date the user is limited to 62 calendar days and when searching by Closing Date the user cannot search beyond 30 calendar days.

How do I provide feedback on my Loan Closing Advisor experience?

Please contact your Freddie Mac representative with any feedback you may have on your experience with Loan Closing Advisor or any Loan Closing Advisor implementation questions. You may also contact UCD@FreddieMac.com with any UCD implementation questions.


Loan Closing AdvisorSM Correspondent FAQs

Will correspondents be able to submit loans through Loan Closing Advisor?

Yes. Correspondents will be able to submit closing data, receive assessment results and export the submitted XML and embedded PDF documents.

I'm a correspondent, what do I need to do to get access to Loan Closing Advisor?

To use Loan Closing Advisor, you first need to have a third-party originator number.

  • Visit the Loan Advisor Suite® web page.
  • Click the "Get Started" link.
  • Select the third-party originator option and follow the onscreen instructions to sign up for
    Loan Closing Advisor.

Can I share my loan closing data with aggregators?

Yes. With the Loan Advisor Suite Correspondent Assignment Center you can easily share your Loan Closing Advisor feedback certificate and your UCD data and documents with aggregators through a user-friendly web interface.

How will I know that my XML file has met the Uniform Closing Dataset (UCD) mandate requirement?

A "UCD Requirement" indicator on the Feedback Certificate will display "Satisfied" if the UCD mandate has been met and "Not Satisfied" if it has not been met.

Is there a requirement that correspondents meet the UCD Mandate?

The answer to this depends on the aggregator you are working with. Each aggregator determines their expectations for correspondent delivery.

Can my document preparation vendor submit the UCD on my behalf?

Yes. Document preparation vendors will be able to submit the UCD on behalf of lenders.

Once a loan is sold to an aggregator, can I submit updated data files to Loan Closing Advisor?

Yes. You can submit updates to Loan Closing Advisor at any time.

If I submit loan data to Loan Closing Advisor as a correspondent and receive a "Successful" UCD mandate status, must the Freddie Mac Seller resubmit the loan data prior to selling to Freddie Mac?

No. if the loan received a "Successful" UCD mandate status, the seller will not need to resubmit the UCD for that particular loan.

Can I print the Loan Closing Advisor feedback certificate evaluation results?

Yes. Loan Closing Advisor has print capabilities.

Is there a system-to-system specification available? If so, how do I obtain the specification?

Yes. The Loan Closing Advisor System-To-System Web Services Technical Document is available to Freddie Mac customers upon request. Please contact the Freddie Mac Customer Support Contact Center (800-FREDDIE) to request a copy.

How will system-to-system work?

Loan Closing Advisor system-to-system is a web service call that uses https protocols allowing the data to be encrypted. The calling system connects to Loan Closing Advisor's web service via the required parameters. The Loan Closing Advisor web service is a synchronous service with a single operation called Evaluate Loan. This operation accepts a single loan in the UCD format, and evaluates it for data quality and eligibility, returning the results of the evaluation in the form of an XML payload.

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