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
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