Module 2: The Revised URLA and the New ULAD

1. Module 2: The Revised URLA and the New
ULAD

2. Module 2: The Revised URLA and the New ULAD
2.1 The Revised URLA and the New ULAD
 Objectives of the Revision
 Update the URLA to collect information that is relevant and useful to the industry, and provide
lenders with the information needed to make an underwriting decision.
 Redesign the format and layout of the URLA to make it more consumer-friendly, enhance
collection, and improve usability.
 Define a MISMO compliant dataset that supports the URLA.
 ULAD Timeline
 Optional Use Period: July 1 2019 – January 31, 2020
 Pipeline Transition Period: February 1, 2020 – January 31, 2021
 Mandatory Use Period: February 1, 2021

3. Module 2: The Revised URLA and the New ULAD
2.2 Components of the Redesigned URLA
 Uniform Residential Loan Application
 URLA – Additional Borrower
 URLA – Unmarried Addendum
 URLA – Lender Loan Information
 URLA – Continuation Sheet