• Trainer Only: $995

• <50 Users: $2,795

• <100 Users: $4,495

• 100+ Users: Contact for pricing

Change Sucks, but together we’ll get through it!

The URLA 2020 User Training is a comprehensive review of the new 1003 Uniform Residential Loan Application. The new 1003 impacts all aspects of the lending process and this self-paced course is a concise overview designed to help ALL users in the Encompass® Digital Lending Platform, from LOs to Processors, Underwriters and beyond.

What’s this I’ve heard about a 20+ page loan application?

Don’t worry, we’ll explain it all, and give you a cheat-sheet as well to take with you! KMU’s URLA course covers all the forms, screens, and new requirements with a guided tour of all the changes, nuances and impacts of the new 1003.

Check out samples of this self-service course:

• 1003 URLA - Lender - Section L4 - Qualifying the Borrower

• 1003 - URLA Part 1 - Section 1a - Personal Information

• 1003 - URLA Part 2 - Section 1e - Income from Other Sources

URLA 2020 USER TRAINING COURSE CONTENT

PREPARE TO MEET YOUR URLA

·      Introductions

1003 - URLA - LENDER

·      1003 URLA - Lender - Review of Top of the form above Section L1

·      1003 URLA - Lender - Section L1 - Property and Loan Information

·      1003 URLA - Lender - Section L2 - Title Information

·      1003 URLA - Lender - Section L3 - Mortgage Loan Information

·      1003 URLA - Lender - Section L4 - Qualifying the Borrower SAMPLE

·      1003 URLA - Lender - Section L5 - Homeownership Education

1003 - URLA - CONTINUATION

·      URLA - Continuation

1003 - URLA PART 1

·      1003 - URLA Part 1 - Section 1a - Personal Information SAMPLE

1003 - URLA PART 2

·      1003 - URLA Part 2 - Section 1b - Current/Self Employment and Income

·      1003 - URLA Part 2 - Section 1c - Additional/Self Employment and Income

·      1003 - URLA Part 2 - Section 1d - Previous Employment and Income

·      1003 - URLA Part 2 - Section 1e - Income from Other Sources SAMPLE

1003 - URLA PART 3

·      1003 - URLA Part 3 - Section 2a - Assets - Bank Accounts, Retirement, etc. SAMPLE

·      1003 - URLA Part 3 - Section 2b - Other Assets You Have

·      1003 - URLA Part 3 - Section 2c - Liabilities - Credit Cards, Other Debts, etc.

·      1003 - URLA Part 3 - Section 2d - Other Liabilities and Expenses

·      1003 - URLA Part 3 - Section 3 - Financial Information - Real Estate

1003 - URLA PART 4

·      1003 - URLA Part 4 - Section 4a - Loan and Property Information

·      1003 - URLA Part 4 - Section 4b - Other New Mortgage Loans on the Property SAMPLE

·      1003 - URLA Part 4 - Section 4c - Rental Income on the Property

·      1003 - URLA Part 4 - Section 4d - Gifts or Grants You Have

·      1003 - URLA Part 4 - Section 5a - About this Property and Your Money

·      1003 - URLA Part 4 - Section 5b - About Your Finances

·      1003 - URLA Part 4 - Section 6 - Acknowledgments and Agreements

·      1003 - URLA Part 4 - Section 7 - Military Service

·      1003 - URLA Part 4 - Section 8 - Demographic Information

·      1003 - URLA Part 4 - Section 9 - Loan Originator Information

REVIEW OF THE PRINTED URLA WITH THE LENDER, BORROWER AND COBORROWER

·      Review of the Printed 2020 1003 with the Lender, Borrower and Coborrower

TAKING AN EFFICIENT APPLICATION ON THE 2020 1003

·      Taking an efficient application on the 2020 1003

P.S. UNITS - IMPORTANT ITEMS REVISITED

·      Section 1a - P.S. - Alternate Names

·      Section 1a - P.S. - Income from Other Sources SAMPLE

·      Section 2a - P.S. - Verification of Deposits

·      Section 3 - P.S. - Investment Properties

·      Section L4 - P.S. - Other Credits

COURSE SUMMARY AND NEXT STEPS

·      Course Summary and Next Steps

FINAL EXAM

·      URLA 2020 - Final Exam