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NEW for 2021 Uniform Residential Loan Application (Form 1003)

Redesigned to improve the borrower and lender experience

Fannie Mae and Freddie Mac (the GSEs) redesigned the Uniform Residential Loan Application (URLA) (Fannie Mae Form 1003) and created new automated underwriting system (AUS) specifications (Fannie Mae Desktop Underwriter® [DU®] Spec) to help lenders better capture relevant loan application information and support the industry’s move to digitize the loan origination process.


Starting Jan. 1, 2021, all lenders, aggregators, and third-party originators may submit loan applications using the redesigned Form 1003 and DU Specification MISMO v3.4 loan application submission files. This two-month Open Production Period allows for a gradual transition through Feb. 28, prior to the March 1, 2021, mandate.

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