The Supplemental Consumer Information Form (SCIF/Form 1103) became mandatory for new loans sold to Fannie Mae and Freddie Mac with application dates on or after March 1, 2023.
Key Details
This form supplements the Uniform Residential Loan Application (Form 1003) by collecting additional demographic data on applicants' ethnicity, race, and sex. Lenders must use it alongside the redesigned Form 1003, which itself became standard in March 2021. Translated versions in languages like Spanish, Chinese, Vietnamese, Korean, and Tagalog support borrowers with limited English proficiency.
Context
The change aligns with efforts to standardize mortgage data under the Uniform Mortgage Data Program (UMDP). No major alterations to Form 1003 itself occurred in March 2023; the focus was on integrating the SCIF for better compliance and data accuracy. Lenders were notified via Fannie Mae Lender Letter LL-2022-03.