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Get Ready for UCD Changes on June 25, 2018

May 9, 2018

Beginning on June 25 2018, the two Loan Selling AdvisorSM edits listed below will display as critical when a Uniform Closing Dataset (UCD) XML file and Closing Disclosure PDF are not successfully submitted to Loan Closing Advisor® prior to loan delivery.

These changes are specific to Loan Selling Advisor and do not impact the criteria that determines a successful UCD submission in Loan Closing Advisor.

ExampleLoan Selling Advisor MessageLoan Selling Advisor Edit
Loan has been submitted to Loan Closing Advisor without the Closing Disclosure PDF – on or after June 25 2018. The Closing Disclosure PDF must be embedded in the UCD XML file that was submitted to Loan Closing Advisor. Critical
Loan has not been submitted to Loan Closing Advisor.
Or
Loan has been submitted to Loan Closing Advisor but received General Info red messages.
The UCD is required. Please submit the UCD and corresponding Closing Disclosure PDF through Loan Closing Advisor. Critical

More information about the critical edits will be communicated via our Loan Selling Advisor release notes.

On June 25, 2018, the edits in Loan Closing Advisor that check for the Closing Disclosure PDF will transition from a warning (yellow) to critical (red). The two messages below appear in the Eligibility section:

  • The Borrower Closing Disclosure PDF is required. Please provide the PDF unless the loan has satisfied the UCD requirement in a previous submission.
  • The Closing Disclosure PDF is required. Please provide the PDF unless the loan has satisfied the UCD requirement in a previous submission.

No additional Loan Closing Advisor messages will change to critical on this date. For information on the minimum set of UCD data points required for Loan Closing Advisor, click here.

If you have any questions regarding the UCD mandate, please contact your Freddie Mac representative.