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Our Loan Origination
Software streamlines the preparation and printing of Good Faith
Estimate and Fannie Mae 1003.
Printed forms are ready to be signed and filed. Generate PDFs.
Please do not hesitate to send us an e-mail (info@lawfirmsoftware.com) if you have questions, comments or if
you come across something that would contribute to this section. Good Faith Estimate
Fannie Mae 1003 The new Fannie Mae 1003 version 7/05 that
will be required on new submissions for all states affects all
applications taken as of January 1,
2006.
- a.) The new Fannie Mae Version 7/05 now addresses a
situation involving a non-applicant (other than a spouse) who
shares community property with an applicant under state law.
b.) Whether or not the non-applicant is the applicant's spouse,
information concerning the non-applicant may be recorded in the
section for co-borrower information.
c.) A similar addition of a reference to a non-applicant with
community property rights has been made to the instructions in
Section VI, Assets and Liabilities.
d.) The URLA (Uniform Residential Loan Application) revisions
also include signature lines in the instructions section, prior
to Section 1, for applicants to indicate that the application is
for joint credit.
- Under Section IX (Acknowledgement and Agreement) of the URLA,
information which had previously been included in the main body
of text has been separated and is now included as an
acknowledgement.
- Under Section X (Information For Government Monitoring
Purposes) of the URLA, a phrase has been added to further inform
the borrower of the lender's responsibility to note certain
information if the borrower declines to do so when the
application is made in person.
LINKS
We ask that if you like
these resources, that you add the following link to your website
(or any website for that matter):
Fannie Mae Form 1003 URLA Software
Automates preparation and printing of
1003 URLA
Our Loan
Origination Software
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BUY IT and please send us an e-mail
(info@lawfirmsoftware.com)
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98, 2000, NT, ME (millennium edition), XP and 2003.
The software functions on networks or stand-alone personal computers
and is compatible with all printers.
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