Redesigned URLA Training Available Now

When you log-in to the LOS on Feb. 8, 2021 the loan application you can currently complete in your sleep will be replaced with a redesigned Uniform Residential Loan Application (URLA). But don’t let the thought of change during this high-volume season send you into a panic, MMS has your back.

Our training team has producing videos to familiarize you with the new application. The videos are posted on the MMS Affiliates
website and available on-demand. These short, informative videos will show you everything you need for a smooth transition.

When we reviewed the new application, the process of taking the application didn’t change drastically. There were some new
questions added and the length of the application will now be variable instead of the standard four pages.

There are quite a few nice features. The redesigned form 1003 provides for greater efficiency, transparency and certainty, and includes:
• New and updated fields to reflect today’s mortgage lending business with obsolete fields removed
• Updated government monitoring information in accordance with the new Home Mortgage Disclosure Act (HMDA) requirements
• A Spanish informational version
• A loan application process which does not change for lender or borrower
• A cleaner overall look and feel – more white space, easier to navigate
• Consistent and simplified organization of fields and labels
• Clearer upfront instructions to enable borrower self-service
• Defined separation of borrower and lender information

What happens with applications started before Feb. 8, you ask? If the loan is closed by the end of 2021, a new application is not necessary.

If you have questions on the new URLA once you have completed the video training session, or you are a correspondent partner who needs to complete a test run before you roll out your URLA application, email support@mms.coop.

  • In today’s mortgage market, products are just products. Choosing the right partner really comes down to trust. Members Mortgage Services is superb at delivering on the big things, and even better at delivering the little, unexpected ones.

    Angie Miller President Emporia State Federal Credit Union

  • Our loan portfolio grew 433% in the first six months of our MMS relationship. I would never have been able to handle this significant increase in volume had it not been for the entire MMS team as well as the technology they offer. With MMS, Archer Credit Union is finally able to be a competitive force in mortgage lending in our community.

    Sarah Campa Senior Mortgage Loan Officer Archer Credit Union

  • By refocusing our mortgage efforts on origination, Credit Union of America has gone from being a minor player in mortgage lending to the #1 lender in the Wichita market. Partnering with MMS was the key to this success.

    Eileen Phelps SVP/Chief Operations Officer Credit Union of America