GSEs Publish Uniform Closing Dataset to Support CFPB’s Closing Disclosure
March 25, 2014
In an effort to standardize the underlying data required by the new Closing Disclosure, Fannie Mae and Freddie Mac have jointly created a new standard dataset called the Uniform Closing Dataset. This dataset will be a new component in the Uniform Mortgage Data Program, which is an ongoing endeavor by the GSEs, under the direction of the Federal Housing Finance Agency, to improve the quality and accuracy of loan data. Read on to learn how this will impact title professionals who will handle the CFPB's new Closing Disclosure.
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