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Loan Closing Advisor

Loan Closing Advisor Icon Loan Closing AdvisorSM

Close loans with confidence, and reduce your repurchase risk related to closing data.

Check out our Loan Closing Advisor training.

screen shot of the Loan Closing Advisor interface
Access Freddie Mac Loan Advisor Suite®

Closing Confidence

screen shot of the Loan Closing Advisor interface

 

 

 

 

The Uniform Closing Dataset (UCD) is now required for all loans delivered to Freddie Mac with a note date on or after September 25, 2017. Loan Closing Advisor, Freddie Mac's UCD collection solution UCD, helps you validate that your closing data align with the UCD.

But it's more than just a collection solution. Loan Closing Advisor helps drive efficiency by providing actionable feedback on the accuracy of your UCD XML file to assist you in identifying and correcting errors before you close a loan. This helps you save time and money and reduces the likelihood of loan remediation and delays in delivery.

Submission of the UCD through Loan Closing Advisor will be required for all loans sold to Freddie Mac with a Note Date on or after September 25, 2017.

  • Helps you save time and money by identifying errors before you close a loan.
  • Helps you validate that your closing data aligns with the UCD.
  • Provides TPOs direct access to validate the UCD XML file and data before assigning a loan to you.
  • Provides eligibility information as it relates to closing data. Future releases will expand our eligibility rule set as we integrate with other Loan Advisor Suite tools, providing greater certainty and reducing repurchase risk related to closing data.
  • Reduces the likelihood of loan remediation and delays in delivery.
  • Helps you create a pristine UCD XML file and close loans with more confidence.

Get Information You Need Before Closing

screen shot of the Loan Closing Advisor interface

Provides actionable feedback messages on the UCD data quality to help you resolve closing data defects.

  • Helps you identify errors before you close a loan.
  • Provides actionable feedback messages on the quality of your UCD to help you resolve closing data defects.
  • Uses a rule set of over 6,100 rules and 749 data points.
  • Organizes feedback messages by type (for example, completeness, validity, calculations), which are returned to you in the same order as the Closing Disclosure sections.
  • Provides comprehensive search and filter capabilities.
  • Provides easy access through the web-based interface or system-to-system integration.

Learning Center

Everything you need to get the most from using Loan Closing Advisor.

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