The URLA has finally been updated! Implementation dates have been set and reset. There are new features, fields, and format to learn and integrate by March 1. This webinar will break down the details, parse the new form, and put you on the path to successful URLA implementation!
- Work with the new data fields and expanded application
- Properly capture information on multiple applicants
- Use the form’s dynamic expandable and collapsible capabilities
- Know when to use each of the five sections, including the unmarried addendum
- Develop an implementation plan
- Effectively train staff on data collection and application completion
- Document integration testing exercises for internal processes or third-party relationships
- Customize procedures and policies to guide staff during URLA completion
- Identify and meet critical implementation dates and deadlines
- Recognize the availability of aids for enhancing interactions with non-English speaking applicants
With the new year comes the revised, modernized Uniform Residential Loan Application(URLA), now available in an interactive (fillable) PDF. After two decades, this form needed updating! The new appearance has enhanced lenders’ data-capture opportunities with borrowers and ability to fulfill evolving compliance obligations.
There are new features, fields, and format to learn as you prepare for successful implementation of this critical mortgage-loan document by the March 1, 2021, deadline. This webinar will detail the new URLA’s five sections, offer implementation and training tips, and explain the subtle formatting features and enhanced data collection elements. Now is the time to familiarize yourself with the new URLA and explore additional resources, including aids for non-English speaking applicants.
Molly Stull, Brode Consulting Services, Inc.
Molly Stull began her career as a teller while working on her undergraduate degree and
has continued working in the financial industry ever since. She has experienced the
growth of a hometown bank, branch mergers, charter changes, name changes, etc. Molly
has activated business resumption plans, performed secondary market quality control
reviews, processed wires, filed SARs, and coordinated reviews with external auditors and
examiners. Her favorite role has always been educating staff and strongly believes that
if staff understands the reason for a process they will be more compelled to follow the
procedures. Molly holds a bachelor’s from the University of Akron and an MBA from