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Friday, November 6, 2020

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

Start Date: 5/6/2020 1:00 PM MDT
End Date: 11/6/2020 2:30 PM MST


Organization Name: Independent Bankers of Colorado

Contact:
Tara F. Hunter
Email: thunter@ibcbanks.org
Phone: (303) 832-2000

New Uniform Residential Loan Application Deadline November 1, 2020: Updating Policies & Testing Readiness
1:00 pm – 2:30 pm MT

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. 




THREE REGISTRATION OPTIONS – WHAT YOU GET
1. Live Webinar Includes
  • One connection to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up
2. Recorded Webinar Includes
  • Available 6 business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up
3. Purchase the BOTH Option to receive all the benefits listed above!