NEW URLA

CLOUDVIRGA IS READY

You will have to be prepared by March 1, 2021, the deadline for the switch over to the new Uniform Residential Loan Application (URLA).  Cloudvirga has fully anticipated the process and the steps lenders will need to take to be ready for the coming change.

On April 14, 2020 Freddie Mac and Fannie Mae (the GSEs)  published a joint announcement regarding the revised implementation timeline for the redesigned Uniform Residential Loan Application (URLA) and updated automated underwriting systems (AUS).

The new mandate date for the use of the redesigned URLA and AUS specifications is

March 1, 2021.

CLOUDVIRGA IS READY

Our URLA implementation strategy assured that all of our products:

Meets the URLA specifications AND are certified by Fannie Mae and Freddie Mac.

Delivers test environments in time for our customers to build/test the end-to-end solution for March 1 readiness.

Work seamlessly with our entire ecosystem of tech providers.

Mission

Integration

  Success

Cloudvirga is committed to creating a seamless transition for our clients so that they should not experience any business disruption

We are working closely with our entire ecosystem of technology providers to assure that our solutions are fully integrated

We have built and will maintain all of our solutions to exist simultaneously for both URLA versions.

How Cloudvirga Has Approached URLA

Cloudvirga had taken a holistic approach to supporting the new URLA initiative that takes into account all of the layers of our platform that have the potential to be impacted.

 

Data Layer​

UI Impacts​

Calculations​ 

Vendor Integrations​

Client Specific Integrations​

Framework for Supporting Simultaneous URLAs​

BENEFITS OF NEW URLA

NEED HELP?

You are not alone.

IF YOU ARE A CURRENT CUSTOMER,

Get More Information at Your Hands with a Specialist

Get personal instructions from Cloudvirga experts with full-on URLA readiness skills and preparation.  Get familiar with changes and allow your business to flourish with new adaptions.  Call our support team and get the help you need and deserve.

Get More Information

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