Uniform Residential Loan Application (Form 1003)
Fannie Mae and Freddie Mac (the GSEs) redesigned the Uniform Residential Loan Application (URLA) (Fannie Mae Form 1003) and created new automated underwriting system (AUS) specifications (Fannie Mae Desktop Underwriter® [DU®] Spec) to help lenders better capture relevant loan application information and support the industry’s move to digitize the loan origination process.
The GSEs also created a Uniform Loan Application Dataset (ULAD) to show how Form 1003 is mapped to MISMO® v3.4 data.
New URLA implementation timeline published with Nov. 1, 2020 mandate
Fannie Mae and Freddie Mac (the GSEs) have published the updated interactive version of the redesigned Uniform Residential Loan Application (URLA) (Fannie Mae Form 1003). See the full announcement.