Freddie Mac Announces eNote Specs and Updates on URLA
Freddie Mac has provided more single-family updates as of September 27, 2017. These updates include changes to Uniform Residential Loan Applications as well as specs on its eNote system.
"During the past several months, Freddie Mac and Fannie Mae (the GSEs) gathered industry feedback on the implementation timeline for the redesigned URLA and the automated underwriting system specifications. During this time, the Demographic Information Addendum was also updated," according to Freddie Mac's release.
"Freddie Mac will publish an updated version of the redesigned URLA, the Loan Product Advisor specification and supporting documents by the end of 2017. Customers may begin using the redesigned URLA starting July 1, 2019."
Meanwhile, the company has revamped its eNote system to be more beneficial to users. The system will go through a beta testing phase before the new formate is fully ready for users.
The eNote specs and URLA updates can both be accessed by clicking on the image above.
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