![]() For those of you who are HMDA reporters, this date will hold special meaning to you!īy now you have probably received several announcements from your loan origination system provider on what should be done to ensure the new 1003 is up and running, and some of you may have been ready to begin submitting loans during the open production period effective January 1, 2021. There were several setbacks, so the rollout was delayed, but the new deadline to begin using the redesigned form is March 1, 2021. Lenders were to begin using the new form on January 1, 2018. The changes would include a reorganized format, new and updated fields, clearer instructions, revised Government Monitoring Information, and a Spanish-language version would be available soon. ![]() Navigating through these changes can be stressful but we are here to help.įannie/Freddie announced the release of the redesigned Uniform Residential Loan Application (URLA) on August 23, 2016. ![]() The mortgage application, the 1003 or URLA – these are all synonyms for the standard residential mortgage application which has been changed.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |