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Revised URLA implementation dates set
Fannie Mae and Freddie Mac have announced the revised implementation timeline for their redesigned Uniform Residential Loan Application (URLA) and updated automated underwriting systems. Lenders may begin using the revised URLA and submitting loan applications to the new AUS September 1. 2020. All applications received on or after November 1, 2020, must use the revised URLA. Starting November 1, 2021, Fannie Mae and Freddie Mac will no longer accept applications using the current URLA format.