New Uniform Residential Loan Application Beginning January 1, 2021: Updating Policies & Testing Readiness
by ICBSD
- May 06, 2020
- 0
Date/Time
Date(s) - 05/06/2020
2:00 pm - 3:30 pm
Categories
New Uniform Residential Loan Application Beginning January 1, 2021: Updating Policies & Testing Readiness
WEBINAR DETAILS
The redesigned Uniform Residential Loan Application (URLA) is a complete overhaul of a document that has remained largely unchanged for two decades. Since many financial institutions rely on the URLA during the mortgage loan process, significant changes have the potential to cause disruption. Therefore, it’s important to prepare now for a smooth transition before the March 1, 2021, deadline.
This webinar will go line-by-line through all five sections of the new URLA and offer implementation and training tips along the way. It will provide exercises to train lenders and identify potential processes to test. Learn more about identifying the policies and procedures that could be affected and how documentation requirements can be redesigned to gather data for the new form. Take this opportunity to familiarize yourself with the new URLA and prepare for successful, timely optional adoption beginning on January 1, 2021.
Attendance certificate provided to self-report CE credits.
WHO SHOULD ATTEND?
This informative session is designed for loan officers, loan origination and closing staff, mortgage quality control staff, underwriters, auditors, compliance personnel, and anyone who completes or relies on information in the URLA.
