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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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.