MISMO Publishes Enhanced Industry Standard to Exchange Loan Application Information

WASHINGTON, D.C. (July 30, 2025) – MISMO®, the real estate finance industry's standards organization, published an enhanced version of the Industry Loan Application Dataset (iLAD), an industry standard for the exchange of loan application information. 

“iLAD is a compendium of data points encompassing the  Uniform Residential Loan Application (URLA), the GSEs Automated Underwriting System interfaces and the  Fannie Mae 3.2 file”, said MISMO Acting President Rick Hill. “ ILAD serves as a replacement for the peer-to-peer data exchanges that currently utilize the Fannie Mae 3.2 file as a de facto data exchange standard.”

This version of iLAD includes updates from GSE AUS changes (Freddie Mac Loan Product Advisor® v5.4.00, Fannie Mae Desktop Underwriter® v1.8.5 & v1.9.0 AUS specifications) along with other member-requested changes.

Updates to the new version include:

• Added/updated LPA, DU and iLAD data points and enumerations
• Added relationships for DU and iLAD
• Removed USDA Government Underwriting System (GUS) unique ID fields