When does Select your credit application display?
Select your credit application displays for a new or copied loan if the Application Received Date is on or after 03/01/2021. When Select your credit application displays, select URLA for the Uniform Residential Loan Application or UCA-RE for the Credit Application Real Estate. The selected document will display on the Document Data and Print pages.
The default document selection for Select you credit application depends on the document policy. If the Select the Fannie Mae 1003 Freddie Mac 65 Uniform Residential Loan Application (URLA) is selected for a document policy, URLA will default. If Select the Fannie Mae 1003 Freddie Mac 65 Uniform Residential Loan Application (URLA) is not selected, UCR-RE will default as selected. The default value can be changed at transaction time.
- Select your credit application will not display for existing transactions.
- Select you credit application will default to URLA and cannot be changed if
one of the following applies:
- The transaction is Fannie Mae/Freddie Mac/FHA/VA for mortgage or VA for assumptions
- MLA Applies is selected on the Loan Definition page
- USDA Mortgage Insurance Applies is selected on the Calculations page