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
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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