Freddie Mac and Fannie Mae have redesigned the Uniform Residential Loan Application (URLA) (Fannie Mae Form 1003). The final version of Form 1003 allows the industry to begin the process of implementing the redesigned form and updated Desktop Underwriter® specification, along with any necessary technology changes.
They have set the following deadlines for using the redesigned URLA:
- Optional: Starting July 1, 2019
- Required: Starting February 2020
AHFA would like your feedback as to when your company anticipates using the redesigned URLA so we can develop any necessary guidelines, etc.