New Uniform Residential Loan Application
Deadline November 1, 2020: 
Updating Policies & Testing Readiness

(90-minute webinar – recording also available)

Wednesday, May 6, 2020

12:00 PM Pacific                1:00 PM Mountain

2:00 PM Central                 3:00 PM Eastern

The URLA – the backbone of mortgage lending – is changing for the first time in 20 years!  This is the biggest mortgage compliance change since TRID.  Learn how to ensure readiness and compliance with the new URLA before the November 1 deadline. 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Work with the new data fields and expanded application
• Properly capture information on multiple applicants
• Use the form’s dynamic capabilities – what’s expandable and collapsible?
• Know when to use the new forms, including the unmarried addendum
• Develop an implementation plan
• Effectively train staff on data collection and application completion
• Design testing exercises for specific institutional procedures and processes
• Customize procedures and policies to guide staff during URLA completion
• Identify and meet critical implementation dates and deadlines

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 November 1, 2020, 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 adoption.

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. 

TAKE-AWAY TOOLKIT

• Implementation action plan
• Cheat sheet to determine loan purpose for the URLA, HMDA, and TRID
• Worksheet to document implementation testing exercises
• Exercises to enhance lender training sessions
• Employee training log
• Interactive quiz 

     MEET THE PRESENTER - 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 Ashland University.

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

THREE REGISTRATION OPTIONS

1. LIVE WEBINAR

The live webinar option allows you to have up to three internet connections. Registrants receive a website address and passcode that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com. 

2. RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 2 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.

3. BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Options 1 and 2 described above.

 AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE