MPF Announcement 2020-21

The Redesigned Uniform Residential Loan Application (URLA) Mandate Extended

Effective Date: Immediately (unless otherwise noted)

On April 14, 2020, the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac, announced they are extending the implementation timeline for the redesigned Uniform Residential Loan Application (URLA) and updated automated underwriting systems (AUS) specifications to support the industry during the COVID-19 pandemic. The new mandate for the required use of the redesigned URLA and AUS specifications has been extended from November 1, 2020 to March 1, 2021.

As a result, all other implementation dates have been extended, to gain a full understanding of the revised implementation timeline PFIs should review the attached joint announcement from Fannie Mae and Freddie Mac. 

As a reminder, pursuant to the MPF Guides, PFIs are required to use a version of the URLA that is accepted by Fannie Mae.

PFIs delivering government loans must comply with the requirements of the applicable government agency, including using the version of the URLA that is accepted by the applicable government agency.

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