MISMO Releases Updated Industry Loan Application Dataset

MISMO®, the mortgage industry standards organization, announced it updated the Industry Loan Application Dataset (iLAD), the modernized dataset for exchanging loan application data, to “Candidate Recommendation” status.

Fannie Mae, Freddie Mac Extend URLA Implementation Timeline

Freddie Mac and Fannie Mae announced yesterday they will extend the implementation timeline for the redesigned Uniform Residential Loan Application and automated underwriting systems to support the industry during the COVID-19 pandemic.