Loan Closing Advisor August 8 Release

On August 8, 2023, we’re making updates to Loan Closing Advisor^® edits and feedback messages related to Uniform Closing Dataset (UCD) Critical Edits. The changes will be implemented in the Loan Closing Advisor customer test environment (CTE) on August 1 and in production on August 8. Review the Loan Closing Advisor Release Notes which include edits and messages that are being modified, added or removed in the UCD Critical Edits phases.

As a reminder, we've updated the resources below to help you prepare your systems:

UCD RESOURCES

To ensure you'll meet the Phase 3B November 6, 2023 critical edits transition mandate, we've posted the following UCD resources:

• Loan Closing Advisor Critical Edits Phase 3 Training Module 
• Loan Closing Advisor Feedback Message Document 
• Joint GSE UCD Critical Edits Phase 3 Feedback Message Mapping Document 
• Joint GSE UCD Critical Edits Matrix 

ADDITIONAL RESOURCES

• Joint GSE  Job Aid: Taxes and Other Government Fees – NEW
• Joint GSE  Job Aid: Prepaids – NEW
• Joint GSE Job Aid: Fees 
• Joint GSE Job Aid: Escrows 
• Joint GSE Job Aid: Qualified Mortgage Short Term Reset ARM APR Percent 
• Joint GSE Job Aid: Loan Discount Points and Lender Credits
• UCD FAQs 
• Appendix C: Closing Disclosure with Reference Numbers – Updated
• Appendix F: UCD Sample Use Cases – Updated
• Appendix G: UCD Sample XML Files – Updated

For more information on the UCD critical edits transition, visit the Freddie Mac UCD web page. Please contact your Freddie Mac representative for assistance or submit your questions to [email protected].