Hi @RyanBohan,
Thank you for the question. The closest functionality available today is the use of metadata templates, along with the metadata overwrite capability. You can learn more about this approach and recommended best practices in the blog below. *Please note the section at the bottom that highlights patterns of use.
Overwrite Your Metadata with Ease
Documentation:
Best practices for editing metadata (ArcGIS Pro)
Overwrite metadata (ArcGIS Online)
Overwrite metadata (ArcGIS Enterprise)
If you have ideas for how ArcGIS could better support this need within your organization, we encourage you to review existing Esri Ideas and submit a new one if an appropriate suggestion does not already exist.