How will the new Uniform Residential Loan Application (URLA) affect your organization? Ellie Mae has you covered.

Nearly every mortgage application is collected on Form 1003 or Form 65 and the format has not changed significantly in the last 20 years. Fannie Mae and Freddie Mac, with the assistance of their regulatory body, the Federal Housing Finance Agency (FHFA), have significantly redesigned the form. The new form will be mandated for all loan applications sold to the GSEs beginning February 2020.

The redesigned URLA takes a design thinking approach, with dynamic form collecting and a presentation of data tailored to the individual borrower and loan scenario. The goal? To provide greater efficiency, transparency and certainty for future homebuyers applying for mortgage loans and greater consistency for lenders who sell to both Fannie Mae and Freddie Mac.

Ellie Mae is always ahead of any new compliance and industry change and the new URLA is no exception. We’ll help you fully understand the impact of the URLA and how it will affect your business processes.

Get essential HMDA insights and be prepared

Ready for years of upcoming HMDA changes? We’ve got your back with a range of resources, including our HMDA brief, whitepaper, FAQ, and on-demand and live webinars.

Learn all you need from Ellie Mae compliance experts about the updated regulation, how Ellie Mae is supporting the regulation, and gain insight on what your management and staff need to be doing now to get ready.

View HMDA FAQ
  • HMDA: Policy Manual

    The 2015 HMDA Final Rule changes become effective between 2017 and 2020. An effort has been made within this policy to provide sufficient coverage of current requirements in effect through December 31, 2017.

    Buy Policy Manual
  • HMDA: The New Frontier of Reporting

    Get ready for years of upcoming changes. Download the whitepaper now to understand what’s changing and how to ensure continued compliance success.

    Read the Whitepaper
  • Upcoming HMDA Changes

    Get a quick and essential primer on how to prepare and what Ellie Mae is doing to get you ready.

    Read the Brief
  • Prepare for the New HMDA Regulation

    Get insights from Ellie Mae compliance experts and plans to support.

    Watch Webinar
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Rely on our compliance experts

Ellie Mae’s industry-recognized compliance experts and counsel ensure our clients remain successful in an increasingly complex and controlled mortgage market. They regularly collaborate with the CFPB, GSEs and mortgage investors to analyze and interpret federal, state and local regulations to ensure Ellie Mae’s technology is properly updated so our clients can automate compliance with new rules the moment they take effect.

Helmed by Angela Cheek, one of HousingWire’s 2013 Women of Influence, Ellie Mae compliance team members are frequent panelists and guests at industry events, including the MBA’s Annual, Regulatory and Technology conferences.

Angela Cheek

Angela
Cheek

VP & Counsel,
Product Compliance

John Haring

John
Haring

Director,
Compliance Enablement

Richard Triplett

Richard
Triplett

VP, Director of Compliance
AllRegs

Compliance Resource Library

The Compliance Resource Library houses a number of useful tools and resources to help you learn about the industry and the role Encompass plays in helping you comply with changing rules and regulations, realize operational efficiencies, and make high-quality loans. Here, you’ll find whitepapers, webinars, datasheets, case studies and more.