ConformX - Update to FNMA 1003

The Uniform Residential Loan Application (FNMA Form 1003/FHLMC Form 65, Cx4193) has been updated to the latest version, required 01/01/2010.  The "Interviewer" area has been updated to become a "Loan Originator" section.  The changes stem from the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act). 

From related Fannie Mae Announcement 09-21:

Revisions to Form 1003

In Lender Letter 02-2009, New Mortgage Loan Data Requirements, Fannie Mae announced that changes would be forthcoming to Form 1003 to accommodate new data elements required by the Federal Housing Finance Agency (FHFA). Effective for mortgage loan applications taken on or after January 1, 2010, Fannie Mae will require the use of the updated Form 1003 that accommodates the lender’s collection of the Loan Originator ID and the Loan Origination Company ID. Fannie Mae recognizes that some states will not have implemented the Nationwide Mortgage Licensing System and Registry (NMLS) prior to the January 1, 2010 effective date. For loans secured by properties located in those states, Fannie Mae will allow delayed implementation of this requirement until the states have transitioned to the NMLS. At this time, the system of license and registry for federally insured depository institutions and their subsidiaries has not been finalized. After the details have been finalized, Fannie Mae will communicate to lenders how they may report the Loan Originator ID and the Loan Origination Company ID.

Mortgage Compliance Updates - Mortgage Loan Docs

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