Tag: optional use

Fannie Mae and Freddie Mac – Optional Use Period for the Uniform Residential Loan Application Will Not Begin July 1, 2019 – Dated June 12, 2019

Written by: Lloyd Rutherford, Staff Writer July 1, 2019 is out for the new URLA! Find out what happened and when we can expect the new optional date to begin. Rule Synopsis: Fannie Mae and Freddie Mac both posted announcements to inform the industry that the Optional Use Period for the redesigned 1003 has been […]

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USDA – Update for URLA – Universal Residential Loan Application- Use during Optional Implementation Timeframe

Written By: David Hail, Staff Writer Lenders are in full preparation mode for the new URLA – Universal Residential Loan Application and optional use begins this summer.  But hold your horses on using the new loan application for USDA loans until the mandatory date.  Read this update to clear up the confusion. Rule Synopsis: On […]

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