Freddie Mac announced a newly redesigned Uniform Residential Loan Application (URLA) along with a corresponding standardized Uniform Loan Application Dataset (ULAD) Mapping Document. The redesigned URLA will improve the borrower experience while promoting enhanced and consistent data standards throughout the loan manufacturing process. Freddie Mac has not established when lenders will be required to use the redesigned URLA. However, lenders who are ready to do so may start using the redesigned URLA as of January 1, 2018. Lenders may not use the redesigned URLA prior to January 1, 2018.
Click here to view the Freddie Mac Single-Family Update
