URLA Open Production Period to begin Jan. 1

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. 

For additional guidance on using the redesigned URLA before the mandate, review Lender Letter LL-2020-10, Usage of Redesigned Form 1003.