Start Date: 10/29/2020 1:00 PM MDT
End Date: 10/29/2020 2:30 PM MDT
The optional use date of the redesigned Uniform Residential Loan Application (URLA) has been changed several times, but it’s officially available for use beginning January 1, 2021! Mortgage lending staff should prepare now to implement this form for all mortgage applications taken in the new year, prior to the required use date for mortgage loans that will be sold to Fannie Mae and Freddie Mac. Even if your institution does not sell mortgage loans, it is very likely that your loan origination system will be updated with the new URLA. Get a jump on 2021 by becoming familiar with the form’s layout and how to complete each of the five sections.
This session will take a deep dive into when each section should be completed and include a detailed discussion of the data collection points throughout the application. Learn exercises and completion tips to help staff smoothly transition to the new form - which hasn’t changed in over 20 years! This webinar will ensure you are ready to roll with the new URLA for your first 2021 mortgage loan application!
Attendance certificate provided to self-report CE credits.