Uniform Closing Dataset (UCD) Requirement Reminder

April 25, 2018

Beginning June 1, 2018, Gateway will require evidence of successful submission of Uniform Closing Dataset (UCD) data as a condition of purchase for all Conforming loan deliveries to Fannie Mae and Freddie Mac.  This requirement is in response to an important UCD update from Fannie Mae and Freddie Mac on January 30, 2018, stating that UCD edits in the GSEs’ Delivery Systems will turn fatal June 25.  We suggest that our Clients evaluate their UCD submissions to identify all warning to fatal messages as noted in the January 30, 2018 announcement, and to take corrective action when needed as soon as possible.  Below are links to UCD Resources:

 

http://www.freddiemac.com/singlefamily/sell/ucd.html

https://www.fanniemae.com/singlefamily/uniform-closing-dataset

 

Please direct any questions to your Regional Sales Manager

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