Fannie Mae and Freddie Mac revised and redesigned the URLA and developed a corresponding standardized dataset, the Uniform Loan Application Dataset (ULAD). The revised URLA form provides lenders and borrowers with greater clarity and an easier, more consumer-friendly loan application.
The UCD is an ongoing effort by Fannie Mae and Freddie Mac to provide a common industry dataset to support the Consumer Financial Protection Bureau’s (CFPB) Closing Disclosure.
The UCDP is a technology application through which lenders electronically submit appraisal reports for conventional mortgages to be delivered to Fannie Mae or Freddie Mac.
The UAD was jointly established by Fannie Mae and Freddie Mac to provide common requirements for appraisal data.
The ULDD was jointly established by Fannie Mae and Freddie Mac to provide common requirements for loan delivery data.
The new Quarterly Compass features the latest technology and policy news, and important milestones, and more in this special three-page edition.
Learn how to get started with the redesigned URLA (Form 1003) through a pre-recorded presentation that provides a detailed overview of the updated forms, timeline, and more.