Uniform Residential Loan Application Announcements

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.

 

Reminder: Supplemental Consumer Information Form requirement February 7, 2023-Lenders must use the Supplemental Consumer Information Form (SCIF/Form 1103) for new conventional loans sold to the GSEs with application dates on or after March 1. Any data provided on the SCIF must also be included in each GSE’s automated underwriting system submission file.
Supplemental Consumer Information Form Updates July 6, 2022-At the direction of the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac (the GSEs) announced on May 3, 2022, that the Supplemental Consumer Information Form (SCIF Fannie Mae/Freddie Mac Form 1103) will be a required document in the loan file for new conventional loans sold to the GSEs with application dates on or after March 1, 2023.
Supplemental Consumer Information Form Required May 3, 2022-The Supplemental Consumer Information Form (SCIF/Form 1103) will be required for new conventional loans sold to Fannie Mae and Freddie Mac with application dates on or after March 1, 2023. This requirement will help facilitate the collection of homeownership education, housing counseling, and language preference information.
Implementation Timeline for the Updated Automated Underwriting System (AUS) Specifications November 2, 2021-Following the March 1 mandate, which required the use of the redesigned Uniform Residential Loan Application (URLA/Form 1003) and Desktop Underwriter® (DU®) MISMO v3.4 file formats for all new loan applications, software providers should now update their systems in accordance with established GSE release schedules and implementation agreements.
Supplemental Consumer Information Form Published October 26, 2021-Fannie Mae and Freddie Mac (the GSEs) have published the Supplemental Consumer Information Form (SCIF Fannie Mae/Freddie Mac 1103). Although the GSEs do not require the SCIF, we are making it available for industry use for those who may find value in collecting borrower homeownership education, housing counseling and language preference information.
Updated AUS specifications and supporting documents published June 29, 2021-To address opportunities discovered during the successful industry implementation of the Uniform Residential Loan Application (URLA/Form 1003), limited critical business information needs, and a regulatory request, Fannie Mae and Freddie Mac have published updates to their automated underwriting system (AUS) data specifications and supporting resources.
Reminder: April 30 deadline to submit legacy URLA loans April 20, 2021-Effective May 1, Desktop Underwriter® (DU®) and Desktop Originator® (DO®) will only accept new loans submitted using the redesigned Uniform Residential Loan Application (URLA)/Form 1003 and the updated DU MISMO 3.4 file format. Loans using legacy formats with a Casefile Create Date on or after May 1 will not be underwritten by DU/DO.
Uniform Residential Loan Application March 1 Mandate February 16, 2021-The mandate for implementing the redesigned Uniform Residential Loan Application (URLA) is March 1, 2021. To accommodate loans started in the legacy format prior to March 1, but not submitted by that date, the GSE’s automated underwriting systems (AUSs) will not return an Out of Scope for Fannie Mae or critical edit for Freddie Mac on new loans submitted in the legacy format until May 1, 2021.
Open Production Period has begun January 4, 2021-Effective Jan. 1, 2021, all lenders may begin using the redesigned Form 1003 and updated DU Spec to submit loans to production using the new DU user interface.
URLA Open Production Period to begin Jan. 1 December 8, 2020-Starting Jan. 1, 2021, all lenders, aggregators, and third-party originators may submit loan applications using the redesigned Form 1003 and DU Specification MISMO v3.4 loan application submission files. This two-month Open Production Period allows for a gradual transition through Feb. 28, prior to the March 1, 2021, mandate. Read the full announcement.
Updated URLA FAQs now available August 25, 2020-Fannie Mae has published new URLA FAQs reflecting questions we’ve received about the Limited Production Period, as well as updates to some existing questions.
Updated Spanish Translation Aids available June 30, 2020-The GSEs have published updated Spanish Translation Aids to assist borrowers in completing the English version of the redesigned URLA.
Participating in the URLA Limited Production Period May 19, 2020-Fannie Mae and Freddie Mac (the GSEs) invite lenders who meet the eligibility criteria and prerequisites below to participate in the Uniform Residential Loan Application (URLA) Limited Production Period (LPP) beginning on August 1, 2020. During the LPP, participants will use the redesigned URLA (Fannie Mae Form 1003/Freddie Mac Form 65) and updated Fannie Mae Desktop Underwriter® (DU®) and Freddie Mac Loan Product Advisor® automated underwriting systems (AUSs) to originate loans in a controlled implementation.
Extended URLA Implementation Timeline April 14, 2020-Freddie Mac and Fannie Mae (the GSEs) will extend the implementation timeline for the redesigned Uniform Residential Loan Application (URLA) and automated underwriting systems (AUSs) to support the industry during the COVID-19 pandemic. The new mandate date for the use of the redesigned URLA and AUS specifications is March 1, 2021.
Changes to the DU Spec MISMO V3.4 Published March 19, 2020-Fannie Mae published changes to the DU® Spec MISMO V3.4 as part of the continued effort to support implementation of the redesigned Uniform Residential Loan Application (URLA) Form 1003 and DU Spec by the Nov. 1 deadline.
UMDP updates to support SOFR ARM index transition March 10, 2020-Fannie Mae and Freddie Mac (the GSEs) have updated certain Uniform Mortgage Data Program datasets, including the DU® Specification MISMO V3.4, Uniform Closing Dataset, and Uniform Loan Delivery to support future use of SOFR-indexed ARMs.
Updated Interactive (Fillable PDF) Version of the Redesigned URLA January 29, 2020-Fannie Mae and Freddie Mac (the GSEs) have published the interactive (fillable) PDF versions of the redesigned Uniform Residential Loan Application (URLA) with an effective date of 09/2020, along with corresponding supporting documents. These interactive forms comprise the final version of the loan application to be supported by the industry in system development and preparation of the redesigned URLA and updated GSE-specific automated underwriting system (AUS) specifications for the November 1, 2020 mandate.
URLA February 1, 2020 Mandate Rescheduled; New Requirements Provided August 8, 2019-At the direction of Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac (the GSEs) announced in June 2019 that the optional use period for the redesigned Uniform Residential Loan Application (URLA) and automated underwriting system (AUS) implementations would be postponed.

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