MetaSource Mortgage Blog

The New Universal Residential Mortgage Application

Monday, August 07, 2017

Are You Ready for the New URLA?

New Universal Residential Mortgage Application

Starting January 2018, the newly redesigned uniform residential loan application (URLA) – also known as Fannie Mae Form 1003 – will have a cleaner look with more white space and a defined separation of borrower and lender information. It has also been updated so that it is compliant with the new Home Mortgage Disclosure Act (HMDA). However, the new Form 1003 has been specifically designed for electronic forms.

This is great if you've already switched over, but it can also cause information capture headaches for mortgage originators. That's where we come in.

Making the Transition Easy

MetaSource Mortgage can ease the information capture pain in two ways:

  1. We'll convert all your paper mortgage applications into electronic form
  2. We'll use document scanning and capture technology to automatically extract the vital information

This will not only make data capture quicker, but it will also assure more accuracy than manual data entry.

Flagging Deficiencies

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Mortgage QC Audit Self-Revisions Now Available with QLink

Monday, September 14, 2015

QLink Software | MCA | MetaSource

Take Control of the QC Revision Process

Mortgage QC Audit Software Self-Revision Lenders are solely responsible for the work of their quality control vendors, so why not have control to update your QC partner's work in accordance with what is best for your company?

Submitting revisions to your mortgage audit quality control findings can be tedious and frustrating on a good day, especially considering the delay between submission and the update of your defect rates and metrics. Mortgage Compliance Advisors (MCA), from MetaSource, feels your pain and has the solution you've been looking for with the new Self-Revision capability of QLink.

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