Tag: URLA

Fannie Mae and Freddie Mac Publish Updated Redesigned URLA and Supporting Documents – Dated October 23, 2019

Written by: Lloyd Rutherford, Staff Writer Here’s the latest update on the four-year-old “New URLA” drama! Rule Synopsis: Fannie Mae and Freddie Mac released information to inform the industry that they have published the updated and redesigned URLA (Form 1003 or Form 65) and supporting documentation. Interpretive Comments: Do you want to know how fast […]

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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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Fannie Mae – Desktop Underwriter/Desktop Originator Release Notes DU Version 10.3 July 2019 Update – Dated May 21, 2019 – Effective July 20, 2019

Written by: Lloyd Rutherford, Staff Writer DU users this is an important update that will clarify some recent changes that you need to know and one that none of us expected to see! Rule Synopsis: Fannie Mae announces an update to their newest DU Version: DU Version 10.3. The changes announced in this release will […]

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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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Fannie Mae & Freddie Mac – Uniform Residential Loan Application (URLA) / Uniform Loan Application Dataset (ULAD) FAQs – Updated February 26, 2019

Written By: Lloyd Rutherford, Staff Writer It’s just around the corner!  Soon we’ll all be using the new loan application.  Read through this update for additional FAQs published by Fannie Mae and Freddie Mac. Rule Synopsis: Fannie Mae and Freddie Mac published an updated FAQ document for the new “Uniform Residential Loan Application” that is […]

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