Uniform Residential Loan Application (URLA)

Frequently Asked Questions

Disclaimer: The content below is intended for general information purposes only and is provided to assist Ellie Mae’s customers and non-customers in complying with the new Uniform Residential Mortgage Application (URLA). This content may contain forward-looking statements about Ellie Mae, Inc.’s ability and timing to enhance the features and functionality of its software and services. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results that differ materially. This information is provided as a courtesy to Ellie Mae’s customers and Ellie Mae makes no representation or warranty regarding the accuracy of the information set forth herein, and you may not rely on this information to ensure your company’s compliance with the URLA. This publication should not be construed as legal advice or opinion on any specific facts or circumstances, including the application of the URLA requirements. You are advised to consult your own compliance staff or attorney regarding your specific residential mortgage lending questions or situation to ensure your compliance with all applicable laws and regulations.

What is Ellie Mae doing about the recently announced new URLA?

Revised September 25, 2018

Ellie Mae and the GSEs (Fannie Mae and Freddie Mac) are strategic partners and are in regular communication on many industry topics, including the new Uniform Residential Mortgage Application (URLA) also referred to as either the Fannie Mae Form 1003 or Freddie Mac Form 65.  On September 26, 2017, the GSEs announced the planned implementation timeline for the new URLA.  Lenders may choose to use the new URLA starting July 1, 2019. However, the GSEs will not require use of the new URLA until loan applications taken on or after February 1, 2020.

Ellie Mae is aware of the new timelines and is actively working with the GSEs to implement the new URLA and the associated dataset, ULAD (Uniform Loan Application Dataset).  Ellie Mae is also assessing the impacts that these changes will have on our partner integrations, including the automated underwriting systems (AUS) used by Fannie Mae and Freddie Mac.

Our plan is the make the new URLA generally available for testing in Q3 2019.

For more specific information about these updates, here is the link to the GSEs’ announcement: https://www.fanniemae.com/content/news/urla-announcement-september-2017.pdf