Starting July 1, 2019, both Fannie Mae and Freddie Mac will begin the optional use period of the redesigned Uniform Residential Loan Application (“URLA”) published jointly by the Government-Sponsored (“GSEs”). Starting February 1, 2020, all loans with an application date on or after February 1, 2020 and purchased by Fannie or Freddie must contain the redesigned URLA.
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 firstname.lastname@example.org
Fannie Mae Implementation Timeline
Fannie Mae URLA resources can be accessed here.
Freddie Mac Implementation Timeline
Freddie Mac’s URLA resources can be accessed here.