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 Reference Model and a voluntary Supplemental Consumer Information Form (SCIF/Form 1103) to assist lenders in capturing information on borrower homeownership education, housing counseling and language preference information.
Reminder: URLA Pipeline Loan Closing Period ends
Effective March 1, 2022, all loan casefiles resubmitted to Desktop Underwriter® (DU®) using legacy formats (1003 v3.2 and MISMO v2.3.1) will no longer be underwritten by DU. If a loan casefile must be re-underwritten after March 1, a new loan casefile would need to be created and submitted to DU using the MISMO v3.4 format based on the DU Specification.
Read the Integration Impact Memo
View the joint GSE reminder announcement
Access the DU Specification MISMO V. 3.4
- Borrower Information*
- Lender Loan Information*
- Additional Borrower
- Unmarried Addendum
- Continuation Sheet
* Component required for all loan applications. All other components are to be used as needed.
The DU Spec, based on the MISMO v3.4 Reference Model, provides the requirements for creating a new loan application submission file based on the redesigned Form 1003. This specification contains the conditionality, cardinality, implementation notes, and other business information necessary to implement the redesigned Form 1003 in DU.
The DU Spec, along with other supporting information like an implementation guide and test case suite, can be found on the Technology Integration page for DU.
The ULAD maps the data fields from the redesigned Form 1003 to the MISMO v3.4 Reference Model dataset. This mapping document clarifies Form 1003’s redesigned field names and their corresponding MISMO v3.4 data points.