Fannie Mae and Freddie Mac have updated their Loan Application form to require a new field for the borrower’s Social Security Number. The new form will be required for all loan applications dated on or after October 3, 2017.

In an effort to streamline the loan application process for borrowers, Fannie Mae and Freddie Mac have announced that they will now require the use of a new Loan Application form. The new form, which is available on the Freddie Mac website, consolidates information that was previously scattered across multiple forms and makes it easier for borrowers to provide the information needed for a complete loan application.

The new Loan Application form requires borrowers to provide information on their employment, income, assets, debts, and other financial obligations. Borrowers will also be required to complete a new Mortgage Fraud Statement, which replaces the previous Statement of Borrower’s Certification. In addition, the new form includes a revised Uniform Residential Loan Application (URLA), which replaces the previous Freddie Mac Form 65.

The new Loan Application form is required for all Fannie Mae and Freddie Mac single-family mortgage loan applications with loan casefiles numbers generated on or after July 29, 2019. For more information on the new form, visit the Freddie Mac website.