NEW URLA

CLOUDVIRGA IS READY

The deadline for the switch over to the new Uniform Residential Loan Application (URLA) was March 1, 2021. Cloudvirga is ready and is Fannie Mae and Freddie Mac certified.

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

March 1, 2021.

CLOUDVIRGA IS READY

Our URLA implementation strategy assures that all of our products:

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

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 have worked 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 Had 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?

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.