Revised Uniform Underwriting and Transmittal Summary Available for Testing

The revised Uniform Underwriting and Transmittal Summary is now available for testing in our production or stage environments. As of now, the mandatory use date has not changed from February 1, 2020 (the prior mandatory use date for the redesigned URLA), however it is possible the mandatory use date of the new 1008 may be revised at a later date.

GSEs Announce Publication of Update to Redesigned URLA

On October 23, 2019, Fannie Mae and Freddie Mac (the “GSEs”) announced the publication of the updated redesigned Uniform Residential Loan Application (“URLA”) (Fannie Mae Form 1003 / Freddie Mac Form 65).  Appendix 1 of the announcement provides a detailed description of changes that have been made to the Borrower Information, Additional Borrower Information, Lender Loan Information, Continuation Sheet and Unmarried Addendum documents.

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