Industry Loan Application Dataset (iLAD) 2.2.0
The Industry Loan Application Dataset (iLAD) v2.2.0 was approved for candidate recommendation status in August 2022.
This work product is intended for stakeholders in the mortgage industry that are involved in the origination and/or underwriting of mortgage loans (lenders, loan origination system providers, GSEs, etc.), many of which leverage the existing iLAD file.
The most recent version of iLAD was updated to include the new USDA Guaranteed Underwriting System (GUS) Specification, which is based on MISMO's v3.4 Reference Model. As a result, new data points and enumerated values were added to better support evolving industry loan origination and underwriting business processes.
iLAD is a compendium of data points and allows for the seamless exchange of loan application data between industry partners. It reduces friction and improves efficiency as originators can use this one resource rather than have to create their own proprietary exchange, MISMO said. In May 2022, MISMO released iLAD 2.1.0, incorporating recent updates to the Fannie Mae Desktop Underwriter Automated Underwriting System (AUS) Request and the Freddie Mac Loan Product Advisor® AUS Request. iLAD 2.2.0 builds on this work.
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.