On December 18, 2019, Fannie Mae and Freddie Mac published a revised implementation timeline for the redesigned Uniform Residential Loan Application (URLA) as well as updated automated underwriting systems (AUS). Starting on September 1, 2020, all lenders may begin using the redesigned URLA and may also submit loan applications to the new AUS production environment. Prior to this time, testing and limited use (during a “test and learn” period) will be available for some lenders. By November 1, 2020, all lenders must use the redesigned URAL and submit loan applications to the new AUS production environment.

In addition to announcing the implementation dates of the URLA and new AUS, the following Fannie Mae-Specific documents were also published/updated:

DU Implementation Guide MISMO V.3.4
DU Specification MISMO V.3.4 Test Case Suite
Fannie Mae DU Wrapper

More information about the updated URLA can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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