On June 12, 2019, Freddie Mac and Fannie Mae announced, at the direction of the Federal Housing Agency (FHFA), that the optional use period for the redesigned Uniform Residential Loan Application (URLA) and corresponding dataset will NOT begin on July 1, 2019 as previously scheduled. A new effective date and updated form will be provided at a later date.
Over the coming weeks, FHFA will engage with appropriate stakeholders and agencies to finalize issuance of an updated URLA form, corresponding datasets and a new implementation timeline. We will share additional information as it becomes available.
Docutech URLA Updates:
At 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:
Docutech has also created supplemental documentation including:
- Details about the fields that will be used on the Resigned 1003
- Notes and FAQ about Docutech’s implementation of the Redesigned 1003
- Sample forms printed through ConformX
To learn more, call us at 800.497.3584 or email us at email@example.com
Fannie Mae URLA resources can be accessed here.
Freddie Mac’s URLA resources can be accessed here.