Thursday
Oct 29
2020

New URLA for a New Year! Prepare Now for a Smooth Transition

Registration Options & Pricing

Please select your membership status.


Live Webinar Includes

  • Unlimited Connections to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Presenter’s Contact Info for Follow-Up

Recorded Webinar Includes

  • Recording of the Live Webinar
  • Can be viewed anytime 24/7, beginning 2 business days after the webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your bank
  • Presenter’s contact info for follow-up
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12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

VHS tapes, anyone? Twenty years ago, they were the most popular way to watch movies. That’s how long it’s been since the URLA changed! The new, redesigned form will be available beginning January 1, 2021. Now is the time to prepare for the transition and learn the new form’s capabilities and data collection fields. Get onboard! The 2021 train is barreling down the tracks.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Understand all five sections of the new URLA
  • Identify the new data collection fields on the revised form
  • Perform calculations using the form’s built-in capabilities
  • Recognize enhancements designed to aid in form completion
  • Properly capture information on multiple applicants
  • Utilize the form’s dynamic capabilities (What’s expandable! What’s collapsible!)
  • Customize procedures and policies to guide staff during URLA completion
  • Develop exercises to familiarize lenders and loan processors with the URLA layout

WEBINAR DETAILS

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.

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 documented on the URLA.

TAKE-AWAY TOOLKIT

  • Cheat sheet to determine loan purpose for the URLA, TRID, and HMDA
  • Quick tips for completing forms
  • Exercises to enhance lender training sessions
  • Employee training log
  • Interactive quiz

DON'T MISS THESE RELATED WEBINARS!

"Completing the TRID Loan Estimate Line-by-Line"
June 10, 2020
Available Now

"New Uniform Residential Loan Application Beginning January 1, 2021:
Updating Policies & Testing Readiness"

May 6, 2020
Available Now

"Adverse Action in Mortgage Lending: Compliance, Notices & Best Practices"
August 8, 2019
Available Now

 

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

MEET THE PRESENTER

Brode Consulting Services, Inc.
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