Today, FNMA and FHLMC issued a joint “URLA Implementation Timeline” which indicates that the new URLA must be used beginning on November 1, 2020. Industry participants may begin using the new URLA as soon as September 1, 2020 and pre-approved participants may begin using it as soon as June 1, 2020. Details may be found at FNMA’s URLA webpage: https://www.fanniemae.com/singlefamily/uniform-residential-loan-application
Also, we are pleased to announce that all of the changes made to the URLA as announced this past October have been incorporated into our system and clients may begin to test the Redesigned 1003 at any time.