On April 14, 2020 Freddie Mac and Fannie Mae (the GSEs) published a joint announcement regarding the revised implementation timeline for the redesigned Uniform Residential Loan Application (URLA) and updated automated underwriting systems (AUS).
The new mandate date for the use of the redesigned URLA and AUS specifications is March 1, 2021. (Reference directly at: https://singlefamily.fanniemae.com/media/document/pdf/extended-urla-implementation-timeline)
First American Docutech URLA Updates:
At First American Docutech, we are committed to providing exceptional service and value to help improve regulatory compliance for our clients. As such, ever since the Federal National Mortgage Association (“FNMA”) and Federal Home Loan Mortgage Corporation (“FHLMC”) revealed their newest versions of FNMA Form 1003/FHLMC Form 65 (“Uniform Residential Loan Application” or “URLA”) on August 23, 2016, we have been publishing various posts addressing different aspects of the URLA (and other documents associated with it), ranging from legal analysis to system support.
Helpful URLA Compliance resource articles:
August 1, 2020: Limited Production Begins
Global Mappings and Document Changes: Redesigned URLA and UUTS
Summary of Key Changes to the URLA
Demographic Information Addendum Announcement
Loan Applications, Regulations B and C, and FNMA/FHLMC
New Field Mapping and Configuration Update: Print 1003 Demographic Information Addendum
ULI on FNMA Form 1003 and Demographic Information Addendum
FHFA Launches Language Translation Disclosure
Notice to Borrowers about Language
First American Docutech has also created supplemental documentation including:
To learn more, call us at 800.497.3584 or email us at support@docutech.com
Fannie Mae URLA resources can be accessed here.
Freddie Mac’s URLA resources can be accessed here.