Uniform Residential Loan Application Timeline Extended

May 5, 2020
Application Deadline Extended
The new mandate date for the use of the redesigned URLA and AUS specifications is March 1, 2021.

To support the industry during the COVID-19 pandemic, Freddie Mac and Fannie Mae (the GSEs) have published a revised Uniform Residential Loan Application (URLA) implementation timeline with extended milestone dates. The extension provides lenders and other stakeholders additional time to prepare and implement the redesigned URLA and the updated GSEs’ automated underwriting system (AUS) specifications. The extension provides lenders and other stakeholders additional time to prepare and implement the redesigned URLA (Freddie Mac Form 65 and Fannie Mae Form 1003) and the updated automated underwriting system (AUS) data specifications based on the Mortgage Industry Standards Maintenance Organization (MISMO).

Source: Freddie Mac