As announced in Fannie Mae lender letter 2020-10 and Freddie Mac Bulletin 2020-26, all loans with application dates on or after March 1, 2021 are required to use the redesigned URLA.
PHH will begin accepting loans with the redesigned URLA and new MISMO V3.4 effective
March 1, 2021.
PHH will continue to accept loans using the current Form 1003 (V3.2) for application dates prior to March 1, 2021.
The following resources are available for additional information on implementation:
Fannie Mae:
https://singlefamily.fanniemae.com/delivering/uniform-mortgage-data-program/uniform-residential-loan-application
Freddie Mac:
https://sf.freddiemac.com/tools-learning/uniform-mortgage-data-program/ulad
If you have any questions, please feel free to contact your Account Executive, Rate Lock or PHH Correspondent Operations at 1-800-929-4744, or
RateLock@PHHMortgage.com or
PHHCorrSupport@PHHMortgage.com.
Coming soon – PHH Mortgage is changing its name!
