The URLA is also known as the Freddie Mac Form 65 and the Fannie Mae Form 1003. It is jointly owned by these government-sponsored entities (GSEs) and has been in use for more than 20 years. In August 2016, the URLA was updated. The form has been redesigned to be more consumer-friendly and efficient.
Though the exact implementation date for using the URLA with the GSEs has not been set, you are allowed to optionally use it for portfolio loans.
In this recorded webinar, we walk you through the new format and identify how it works, how the fields work, what is meant by the labels, and how to work efficiently through the form.
This webinar was created with the following attendees in mind:
- Mortgage Loan Originators
- Compliance Officers