The Uniform Residential Loan Application (URLA), also referred to as the 1003 Mortgage Application, is the industry standard form used by nearly all mortgage lenders in the United States. This basic form must be completed by a borrower to apply for a mortgage. While some lenders may use alternative forms or simply accept basic borrower information about their identity, property type and value, the vast majority of lenders rely on the 1003 form.

While the URLA has been in use for decades, the format and content of the form has changed from time to time. Now the URLA (nine pages in length) and the related forms, including the Additional Borrower, the Unmarried Addendum, the Lender Information, and the Continuation Sheet have been revised again. According to the current schedule, which was recently revised for the COVID-19 Pandemic, acceptance of the forms by Fannie Mae and Freddie Mac will begin on January 1, 2021 and use of the new forms will be mandatory on March 1, 2021. The current version of the URLA will no longer be accepted on or after March 1, 2022.

Are you and your mortgage lending staff ready? The clock is running again. This program provides comprehensive coverage of the revision process and the content of the revised URLA and related documents. The program includes step-by-step instructions on completing the forms and explains connections to CFPB's Regulation B (Equal Credit Opportunity Act) and Regulation C (HMDA). Program participants receive a detailed manual that provides a thorough explanation of the revisions and revised forms.