MISMO Releases Updated Industry Loan Application Dataset

Mortgage Banker Association

The iLAD (v2.0.1) release incorporates recent updates to the drafted specification (v2.0) following a 30-day public comment period announced in March. MISMO incorporated changes to iLAD that had been previously made to its source files, which include the Uniform Residential Loan Application (URLA) dataset, Version 1.8; Desktop Underwriter AUS Request dataset, Version 1.8.1; and Loan Product Advisor AUS Request dataset, Version 5.0.06.

iLAD - first released for public comment in September 2019 - is a compendium of data points included in the URLA, which is the government-sponsored enterprises' new Automated Underwriting System interfaces, and the existing Fannie Mae 3.2 file. iLAD is expected to replace many peer-to-peer data exchanges that currently use the Fannie Mae 3.2 file as a de facto data exchange standard... Read More Here!