Demographic Information Collection Form

Many of us have been confused by the rollout process for the revised Uniform Residential Loan Application Form (URLA).  It was announced back in August 2016 and okayed by the CFPB in September 2016.  Then, in September, Fannie Mae and Freddie Mac updated their timeline for implementing the form by stating that it may be used beginning in July 2019!  If you’re a HMDA Bank that’s not very helpful as you have to begin collecting Demographic Information on January 1, 2018. To help ease this transition, we’ve created a Demographic Information Collection Form which is available in our free lending tools on our website.


For those of you closely tracking the progress on the revised URLA, Fannie Mae and Freddie Mac released an updated, static version of the redesigned URLA on November 17th that includes a question about an applicant’s language preference.  It was approved by the CFPB on November 20th.  It’s anticipated an interactive version will be published by the end of the year.  However, the effective date will still be July 2019.

Diane Dean

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