Fannie Mae and Freddie Mac have redesigned the 1003/URLA and created new automated underwriting system (AUS) specifications to help Lenders better capture relevant loan application information and support the industry’s move to digitize the loan origination process. The new URLA has benefits for both Lenders and Borrowers.

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New URLA Components

New Look and Process

There are five components to the new redesigned 1003/URLA. No more Borrower and Co-Borrower. Now it is just one or more Borrowers. The Lender and Borrower information components are used on every loan and the unmarried Borrower addendum, additional Borrower information, and continuation sheet are used as needed.

  • Lender Information
  • Borrower Information
  • Unmarried Borrower Addendum
  • Additional Borrower Information Sheet
  • Continuation Sheet


Lender Benefits

  • More Relevant Data Collection
  • More Flexible Data Collection
  • More Reliable Data Collection

Borrower Benefits

  • Easier to Complete
  • Easier to Review
  • Easier to Apply

Check Out Our Training

The new URLA in mello Training

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Loan Application Components

Borrower Information Sections

  • Borrower Information
  • Financial Information - Assets & Liabilities
  • Financial Information - Real Estate
  • Loan & Property Information
  • Declarations
  • Acknowledgements & Agreements
  • Military Service
  • Demographic Information
  • Loan Originator Information

Lender Loan Information Sections

  • Property & Loan Information
  • Title Information
  • Mortgage Loan Information
  • Qualifying the Borrower


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Info & Agency Resources

Implementation Timeline

  • Fannie Mae and Freddie Mac have designated March 1, 2021 as the mandatory use date for the new URLA
  • loanDepot Wholesale will start requiring MISMO 3.4 data through the mello® Broker Portal starting March 1, 2021

Fannie Mae

Freddie Mac

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