Freddie Mac and Fannie Mae (the GSEs) congratulate the industry on the successful implementation of the Uniform Residential Loan Application (URLA) (Freddie Mac Form 65 / Fannie Mae Form 1003) and corresponding automated underwriting system (AUS) data specifications. To address opportunities discovered during our implementation, limited critical business information needs, and a regulatory request, the GSEs have published updates to their AUS data specifications and supporting resources.

The GSEs are making updates to the AUS specification data points to collect details about the payment of closing costs and down payment assistance. The changes require lenders to provide more information about the sources of subordinate financing and interested party contributions and clarify the conditionality for sources of gift and grant funds. The GSEs’ requirements for collecting these data points are similar and have further aligned their specifications where possible.

Each GSE has also made changes addressing fixes that were either made or identified during implementation. Finally, a limited number of data points have been added and existing data requirements changed to address critical business needs of each organization identified since the last specification update. The GSEs will be implementing these system changes by Q4 2021.

There are no updates to the URLA form; however, there are minor clarifications to the supporting documents listed below.

Loan Product Advisor® (LPA℠) Specification

The LPA v.5.1.00 Request File specification provides updated requirements to create a loan application submission file based on the Mortgage Industry Standards Maintenance Organization (MISMO®) v3.4 along with the accompanying ulad.xsd and lpa.xsd schemas. Refer to the LPA v5.1.00 Specification Bulletin dated June 29, 2021.

Several documents supporting LPA have also been updated and can be accessed from the Software Partner Resource Center, Developer Portal and our LPA (v5.0.06 or higher) Training Resources. 

If you have questions about the URLA, LPA v5.1.00 file format, or other supporting documents, please visit the Freddie Mac Single Family URLA/ULAD web page, email [email protected], or contact the Customer Support Contact Center (800-FREDDIE).