Industry Loan Application Dataset (iLAD) 2.4.0
The iLAD version 2.4.0 extends the capabilities and increases the effectiveness of the dataset, which serves as the industry’s standard method for exchanging data associated with originating and underwriting mortgage loans. The 30-day public comment period for this dataset runs through June 8, 2023.
This proposed MISMO Product (as defined in MISMO's 2018 Intellectual Property Rights Policy) was published for the purpose of providing an opportunity for comment on the product as well as to afford Participants (as defined in MISMO's 2018 Intellectual Property Rights Policy) who worked on this MISMO Product at least thirty (30) days' notice prior to final release of the product in order to review the product and disclose any applicable Patent Rights (as defined by MISMO's 2018 Intellectual Property Rights Policy). Disclosures should be submitted using MISMO's IPR Disclosure Form. Comments should be submitted to [email protected].
Any other use of this MISMO Product, including implementation, is prohibited at this time. At the conclusion of the IPR and Patent Review period, this MISMO Product will be published pursuant to MISMO's 2018 Intellectual Property Rights Policy and all applicable Product Licenses will apply.
What It Includes
The most recent version of iLAD is a minor version update to include GSE AUS changes (Freddie Mac Loan Product Advisor® v5.3.00 & Fannie Mae Desktop Underwriter® v1.8.4) along with other member requested changes.
- Various added/removed AUS data points and enumerations
- New datapoints to capture detail related to bankruptcy, foreclosure, and military service
The iLAD version 2.4.0 replaces iLAD version 2.3.0 and industry participants are discouraged from implementing iLAD version 2.3.0 which recently completed a public comment period.
Access Information for Members
MISMO Members can access the iLAD in the Resource Library housed on MISMO's Collaboration Site, "MISMO Connect" here.
Access Information for Non-Members
Non-MISMO members can access the iLAD here.