Starting January 1, 2021 banks can begin using the new Uniform Residential Loan Application. This new form will be required on March 1, 2021.
Young & Associates, Inc. has developed a new and informative webinar and manual to assist your lenders in preparing and completing the new application. March 1, 2021 will be here before you know it. Additional delays are unlikely, as implementation was already delayed 4 months due to Covid-19.
This easy-to-use product includes a 55-minute webinar and manual that provide step-by-step instructions for completing the new mortgage application, including special instructions for collecting Government Monitoring Information for both HMDA and Non-HMDA banks. The comprehensive manual is 62 pages in length and may be used as long as the regulators do not make additional changes to the form.
You may purchase the product two ways:
- Option 1 – $175: This option will allow you to train your current staff. Includes the manual and access to the webinar for your institution until April 1, 2021. The webinar and manual may be used throughout the bank. (Note: If the regulators make changes to the application form prior to April 1, 2021, Young & Associates, Inc. will update the webinar and manual to accommodate these changes.)
- Option 2 – $275: This option will allow you to train your current and future staff with no time restriction. Includes the manual and access to the webinar for your institution for an unlimited period. (Note: If the regulators make changes to the application form within the next 3 years (through July 2023), Young & Associates, Inc. will update the webinar and manual to accommodate these changes.)
To order, click on the link for your preferred option above.