The latest milestone reached by Fannie Mae and Freddie Mac in the process of implementing their new redesigned Uniform Residential Loan Application (URLA) and updated automated underwriting systems (AUS) is one that offers clarity on future steps in the implementation process itself.
The government-sponsored enterprises published a timeline, setting dates for the next major milestones in testing and integrating the new standards into the loan production process prior to the mandatory compliance date for exclusive use of the new URLA and AUS specifications.
Get more details about key dates to circle in 2020.