2022 Spring Compliance Conference

With the implementation of the revised, modernized Uniform Residential Loan Application (URLA), new compliance issues and opportunities are on the rise. The new appearance enhances consumer understanding and ease of use, along with increasing lenders’ data-capture opportunities and improved ability to fulfill evolving compliance obligations. There are new URLA features, fields, and format to learn as you prepare for updated compliance reviews and audits following implementation of this critical mortgage-loan document effective March 1, 2021. This session will detail the new URLA’s five sections, offer compliance and training tips, and explain the subtle formatting features and enhanced data collection elements. Familiarize yourself with the new URLA and explore additional resources, including application tools for non-English speaking applicants.

In compliance, everything is closely related! Our session will also cover the integral compliance rules and regulations that affect how we gather and process consumer mortgage loan transactions, from cradle to grave. Fair Lending is an extremely high priority for the new Presidential Administration and Fair Credit Reporting Act continues to make headlines due to its broad coverage on almost every adult in the United States. Let’s catch up on some of the blazing hot buttons including TRID, ATR, QM, Privacy and E-Sign requirements. Our session will help you fit all the pieces of the puzzle together in a compliant manner to ensure we’re ready for the new Administration’s enforcement priorities.