Ellie Mae, announced the Uniform Residential Loan Application (URLA) Training Roadshow will be coming to 14 locations across the United States. The URLA Training Roadshow offers Encompass-specific training to help Encompass system administrators and end-users gain first-hand experience and personal guidance with all new URLA functionality.
Fannie Mae and Freddie Mac, under direction of their regulator the Federal Housing Finance Agency (FHFA), are creating a new URLA along with a new corresponding MISMO v3.4 dataset, a.k.a. the Uniform Loan Application Dataset (ULAD). The requirements for the new URLA and ULAD are currently being tested and will be available starting in July 2019 for lenders to use and will be mandatory for all loans sold either directly or indirectly (via aggregators / investors) to the GSEs on February 1, 2020 for loans with application start dates on or after February 1, 2020.
Two full-day courses will be offered at each stop:
Encompass System Administration and the New URLA – A one-day training course that will allow Encompass administrators to experience the end user workflow changes and navigate the admin settings related to the new redesigned URLA in Encompass. Ellie Mae’s experienced trainers will provide practical application and hands-on activities to guide administrators in the setting up of the new URLA in Encompass.
Generating the New URLA with Encompass – A one-day training that will provide end users with the skills to navigate the new URLA and the dynamic design of the form in Encompass. Ellie Mae’s experienced trainers will provide practical application and hands-on activities of multiple loan types and borrower scenarios that Encompass users experience daily. Users will navigate through the platform including accessing the servicing of credit and underwriting.
“Developing a solution for the new URLA isn’t enough,” said Shea Haley, senior vice president of professional services, Ellie Mae. “We need to give our customers every opportunity to see the updates and prepare their teams. With any major change like this, success rests with the users and this training is designed to get them up to speed quickly so they can continue manufacturing loans confidently and efficiently.”
The following locations are currently scheduled for the roadshow. Additional cities may be announced at a later date.
Chicago, IL – August 13-15
Denver, CO – August 20-22
Anaheim, CA – September 10-12
Washington, DC – September 17-19
Boston, MA – September 24-26
SF Bay Area (Pleasanton) – October 1-3
Edison, NJ – October 8-10
Kansas City, MO – October 15-17
Philadelphia, PA – October 22-24
Dallas, TX – November 5-7
Charlotte, NC – November 19-21
Phoenix, AZ – December 10-12
Chicago, IL – January 7-9
Las Vegas, NV – January 14-16
Miami, FL – January 22-24
“Everyone learns differently,” said Clifton Cartwright, senior director of education delivery, Ellie Mae. “For some, learning in a hands-on environment with their peers is best. Many of our attendees will come representing their entire team so we want to provide every opportunity to offer the knowledge they need to bring back home to prepare.”