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.

 

Redesigned Form 1003 Lender Readiness Checklist October 13, 2020-Fannie Mae has published a checklist to help lenders prepare for the redesigned Form 1003 and updated Desktop Underwriter® (DU®) Specification by the March 1, 2021, deadline.
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.
New URLA implementation timeline announced December 18, 2019-Fannie Mae has published the updated implementation timeline and mandate for use of the redesigned Uniform Residential Loan Application (URLA/Form 1003) and updated DU Specification, as well as updated supporting documents.
Updated DU Specification published supporting updated redesigned URLA November 12, 2019-Fannie Mae has published the updated DU Specification v1.8 and resources supporting implementation of the updated redesigned Uniform Residential Loan Application (URLAForm 1003) published on Oct. 23, 2019.
New Static URLA Published October 23, 2019-The GSEs have published the updated static version of the redesigned Uniform Residential Loan Application (URLAFannie Mae Form 1003) reflecting the changes directed by the Federal Housing Finance Agency (FHFA) that were announced in August 2019.
URLA February 1, 2020 Mandate Rescheduled August 8, 2019-FHFA has directed Fannie Mae and Freddie Mac to make specific modifications to the redesigned Uniform Residential Loan Application (URLA)Form 1003. To allow time to make the necessary changes, deadlines for implementation of the redesigned Form 1003 and DU Specification will be postponed.
URLA optional use period postponed June 12, 2019-At the direction of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac are communicating that the optional use period for the redesigned Uniform Residential Loan Application (URLA) form and corresponding datasets will not begin on July 1, 2019, as previously scheduled.
Updated DU Spec and URLA (Form 1003) resources February 26, 2019-We've published the final DU Specification of the test period, along with other updated resources supporting the redesigned Uniform Residential Loan Application (URLAForm 1003).
New and updated DU Spec resources supporting the redesigned Form 1003 January 17, 2019-We have added and updated resources to facilitate implementation of the new DU Spec supporting the redesigned Form 1003.
New Sample Forms, XML Samples, and AUS Specification Updates March 27, 2018-As a follow-up to the publication of the final redesigned Uniform Residential Loan Application (Fannie Mae Form 1003Freddie Mac Form 65) in December, Fannie Mae and Freddie Mac (the GSEs) have published new and updated supporting documents.