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Don Kracl to Speak at MBA Technology Show

Posted by Brian Hall on May 16, 2014 12:29:00 PM

Effective lead sourcing and management are on tap as the industry moves back into purchase

 

LINCOLN, Neb.— March 7, 2014 — Don Kracl, vice president of mortgage products for Zillow, has been selected by the Mortgage Bankers Association to speak at the organization’s upcoming Technology in Mortgage Banking conference to be held in Los Angeles, Calif., March 18-21. Kracl will speak about effective mortgage loan lead sourcing and management as the industry moves back into a purchase money lending environment.

 

“Lenders who have built successful businesses based on refinance demand on the part of consumers are in the process of reinventing themselves now,” said Kracl. “Most lenders are not adequately prepared to manage the leads they buy and their loan officers are even less prepared. In this increasingly competitive marketplace, institutions that can’t do a better job of converting leads into closed loans will not survive.”

 

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Mortech Adds LPMI Products to Mortgage Pricing Engine

Posted by Brian Hall on May 16, 2014 12:28:00 PM

LPMI addition offers greater loan officer flexibility with CFPB regulations

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DocMagic to Partner with Mortech to Benefit Joint Customers

Posted by Brian Hall on May 16, 2014 12:27:00 PM

Lenders that use the Mortech Marksman technology now have access to DocMagic

 

TORRANCE, Calif.—January 13, 2014— DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance and eDelivery solutions for the mortgage industry, today announced that Mortech® , a Zillow®  business, has integrated DocMagic technology into its Marksman®  software. This integration will allow users to run regulatory compliance checks, generate upfront disclosures and re-disclosures (Change in Circumstance documents) and deliver them for customers to sign electronically via DocMagic’s eSign technology. 

 

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Mortech Adds New Compliance Features to Real-Time CFPB Compliance Management Suite

Posted by Brian Hall on May 16, 2014 12:27:00 PM

More powerful and easier to use, compliance is now built-in to Mortech's Marksman technology

 

LINCOLN, Neb.—January 21, 2014 — Mortech® , a Zillow®  business providing mortgage technology software solutions for mortgage bankers and secondary market teams, today announced the release of new functionality to the suite of Consumer Financial Protection Bureau compliance tools built into Mortech’s Marksman®  product and pricing engine. Mortech first released a full set of compliance tools in November to allow loan originators to manage compliance upon intake, prior to the loan application entering the loan origination system. This new functionality enhances those offerings while also offering a detailed compliance worksheet for loan officers.

 

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Mortech Automates AllRegs Compliance Checks

Posted by Brian Hall on May 16, 2014 12:26:00 PM

New workflow within Marksman reduces lender risk by automating the AllRegs eligibility test.

 

LINCOLN, Neb.—Dec. 17, 2013 — Mortech, a Zillow®  business providing mortgage technology software solutions for mortgage bankers and secondary market teams, today announced a new workflow within Mortech’s Marksman®  pricing engine. Loan officers now can access and automatically incorporate investor underwriting guidelines via an exclusive partnership with AllRegs. 

 

The new option now is available on both the product and rate screens within Marksman. Results are automatically color coded to let loan officers know at a glance if a borrower will qualify for a loan program based on the loan criteria entered. This will reduce errors and lender risk by ensuring the loan meets investor eligibility guidelines. Administrators also can choose to configure Marksman to hide ineligible results from loan officers.

 

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Mortech Ready for 2014 Consumer Financial Protection Bureau Regulations with Real-Time Compliance Management Tools

Posted by Brian Hall on May 16, 2014 12:25:00 PM

Lenders now can check for compliance before the application enters the loan origination system

 

LINCOLN, Neb.—Nov. 19, 2013 — Mortech, a Zillow®  business providing mortgage technology software solutions for mortgage bankers and secondary market teams, today announced a new suite of Consumer Financial Protection Bureau compliance tools built into Mortech’s Marksman®  product and pricing engine. The new tools allow loan originators to manage compliance upon intake, prior to the deal entering the loan origination system.

 

"Fair lending and compliance have been a significant focus for Mortech during the past year. What began as a suite of compliance checks and tests has grown into a full-blown compliance management system, just in time for the new rules that the CFPB will implement next year," said Tom Erickson, mortgage industry and compliance specialist for Mortech. "Our compliance solutions put Mortech in the forefront of the mortgage technology arena, ensuring our customers can identify and address compliance issues early on in the loan process."

 

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Mortech's Marksman Now Enables Credit Pulls Earlier with Kroll Factual Data

Posted by Brian Hall on May 16, 2014 12:25:00 PM

Partnership with Kroll Factual Data enables Marksman users to access more information

 

LINCOLN, Neb. — Oct. 30, 2013 — Mortech, a Zillow® business that provides mortgage technology software solutions for mortgage bankers and secondary market teams, today announced a new integration between Mortech’s Marksman®  pricing engine feature and software from Kroll Factual Data, Inc. The integration will enable loan originators to get more accurate pricing by pulling a consumer’s credit earlier in the loan-pricing process.

 

“The integration will benefit loan officers by allowing them to seamlessly pull credit through Marksman. In the past, loan officers had to leave the system in order to retrieve this information for pricing.” said Don Kracl, vice president of mortgage tools at Zillow, Inc. “In addition, the integration with Kroll Factual Data allows loan officers to access credit reports earlier in the process so they can provide more accurate loan pricing and customer service.”

 

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Mortech® Promotes Mortgage Compliance Expert

Posted by Brian Hall on May 16, 2014 12:24:00 PM

Tom Erickson is now both mortgage industry and mortgage compliance specialist at Mortech

 

LINCOLN, Neb.—September 26, 2013—Mortech, a Zillow® business that provides mortgage technology software solutions for mortgage bankers and secondary market teams, announced today that Tom Erickson has been promoted to the position of Mortgage Industry and Compliance Specialist at Mortech. He joined the company in 2007 to provide mortgage loan origination insight to help develop the industry’s leading product and pricing engine. In his new role, he will continue to support new development efforts, but with a concentration on overseeing compliance demands for mortgage lenders.

 

“In this environment, we have to build compliance into every technology we build for the mortgage industry,” said Don Kracl, Vice President of Mortgage Tools at Zillow. “Tom has the experience we need to ensure that everything we build for mortgage originators makes them more successful while mitigating the risk of non-compliance. Tom and I have worked together for much of the past 34 years and he’s the man I want watching the rules and regulations that impact our clients.”

 

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Zillow to Open New Office, Grow Mortgage Marketplace in Lincoln, Neb.

Posted by Brian Hall on May 16, 2014 12:23:00 PM

Grand Opening Scheduled for Thursday, Sept. 12; New Office Will Be Headquarters for Mortech

 

LINCOLN, Neb., Aug. 28, 2013 -- Zillow, Inc. (NASDAQ: Z), the leading real estate information marketplace, today announced it will open a new office in Lincoln, Neb., to serve as headquarters for Mortech® , a Zillow®  business that provides essential software tools to the mortgage industry. The new office, located at 5940 S. 57th St., will open this summer. A grand opening ribbon-cutting event with the Lincoln Chamber of Commerce is scheduled on Thursday, Sept. 12.

 

The new office will house primarily the Mortech team. Zillow acquired Mortech, which was founded in Lincoln 26 years ago, in 2012. The company plans to staff more than 50 employees in its new office.

 

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Mortech® Enhances Lead Management Capabilities

Posted by Brian Hall on May 16, 2014 12:22:00 PM

Industry leading combination Product & Pricing Engine and Loan Management System now with added functionality for mortgage bankers.

 

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