MPF Announcement 2019-33

The Redesigned Uniform Residential Loan Application (URLA) Optional Use Period Postponed

Effective Date: Immediately

In January 2018, MPF Announcement 2018-1  was published and advised PFIs that the MPF Program adopted Fannie Mae and Freddie Mac’s  implementation timeline for the redesigned URLA  and related automated underwriting system specifications. Allowing lenders to begin using the redesigned URLA starting July 1, 2019, and requiring its use beginning in February 2020 for all new loan applications.

It was recently announced by Fannie Mae and Freddie Mac, that the optional use period for the redesigned URLA and corresponding datasets will not begin on July 1, 2019 as previously scheduled.

We will continue to monitor the implementation of the URLA and will announce any updates as soon as information becomes available.

For additional information, underwriting system requirements, and training regarding the redesigned URLA, PFIs can refer to Fannie Mae’s URLA webpage.