Implementing the Revised URLA: Here are the Details!

on "July 31, 2020 12:49 pm"

We will discuss exercises to help train your lenders, potential processes to test, and policies and procedures designed to aid in gathering and completing the updated revised URLA.

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Implementing the Revised URLA: Here are the Details!
Thursday, August 20, 2020
8:30 pam - 10:00 am HST

REGISTER HERE

The redesigned Uniform Residential Loan Application (URLA) is a complete overhaul of a document that has remained largely unchanged for two decades. These changes have the potential to cause disruptions as this is a critical form relied upon by many during the mortgage loan process. Since change is inevitable, it is important that you begin now to prepare for a smooth transition!

Join us as we work through each of the FIVE (5) sections, line by line offering implementation and training tips throughout the way. As a change often brings challenges, we will discuss exercises to help train your lenders, potential processes to test, and policies and procedures designed to aid in gathering and completing the updated revised URLA. This is definitely a session designed to familiarize you with not only the revised form but to aid your institution in preparing for successful adoption of the form that is the backbone of a mortgage loan.

Program Highlights

  • Utilize the form’s dynamic capabilities…What’s Expandable! What’s Collapsible!
  • Appropriately use the new forms including the unmarried addendum
  • Develop an implementation plan
  • Effectively train staff on what data to collect and how to complete an application
  • Understand how to work with the new data fields and expanded application
  • Properly capture information on multiple applicants

Who Should Attend?
This informative session is designed for loan officers, loan origination and closing staff, mortgage quality control, underwriters, auditors, compliance personnel and anyone who completes or relies on information documented on the Uniform Residential Loan Application.

About the Presenter
Molly began her banking career on the teller line while working on her undergraduate degree and has continued working in the financial industry ever since. Some of her experience includes roles in operations, business resumption planning, consumer compliance, and conducting audits. Her favorite role is ensuring that her audience, whether on the sports field or in the financial industry, understands the "why" behind the rule. Her wealth of financial knowledge and her numerous years of experience enable her to relate the material to the audience.