$27.00
- Format:Online Self-Paced
- Education Type:Professional Development
- Line of Authority:N/A
- Language:N/A
- Credit Hours:N/A
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