Completing Sections 2 & 3 of the URLA

Course Description

Sections 2 and 3 of the Uniform Residential Loan Application (URLA) contain borrower information that will be critical in determining overall creditworthiness. Mortgage professionals need to have a firm understanding of these sections so they can effectively counsel borrowers on how to complete them accurately at initial application to minimize the inefficiencies that can result. This course will provide participants insights and guidance on these sections of the URLA.

What You’ll Learn:

· Complete sections 2 & 3 of the URLA with accuracy and competency

· Define and explain terminology from these sections

· Interpret borrower responses to ensure a completed application

· Determine when additional documentation must be requested of the borrower

20 Minutes

Series: Mortgage 101

Roles: Asset Management, Board of Directors, Commercial, Compliance - External Audit, Compliance - Internal Audit, Human Resources, Mortgage Professionals, Operations & IT, Retail, Wholesale Banking

Course Format: Online Self-Paced

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