Completing Section 1 of the URLA
Course Description
Complete and accurate mortgage applications reduce the amount of time it takes to originate a mortgage and can help build rapport with fellow mortgage staff members. This course introduces participants to Section 1 of the Uniform Residential Loan Application (URLA) and the importance of taking an accurate and complete application to reduce pain points later in the loan manufacturing process.
What You’ll Learn:
· Define key terminology used in Section 1 of the URLA
· Understand the importance and benefits of an effective loan interview
· Interpret borrower responses to ensure enough information and documentation is available to complete the URLA
· Demonstrate this knowledge through the accurate completion of Section 1
· Determine when additional URLA forms may be needed
20 Minutes