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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.


"We released our suite far ahead of the compliance deadline to prepare our customers for the new regulations and to allow our users to test the suite and offer feedback,” said Tom Erickson, mortgage industry and compliance specialist for Mortech. “Our compliance tools have been very well received, and our new enhancements make Marksman the easiest and most effective compliance solution lenders have at their disposal to identify compliance issues early in the loan process.”


The Marksman Compliance Suite is a full-blown compliance management system, designed to help lenders manage every aspect of CFPB compliance, especially the specific compliance checks required for the Qualified Mortgage (QM) rule, including:

  • APR/APOR rate check spread
  • Applicable debt-to-income ratios
  • Lender fees and points calculation
  • Non-qualification due to loan risk

Among the new enhancements is a full compliance worksheet that provides a complete overview of the loan scenario, both at the application stage and when the loan is locked, that illustrates exactly what tests have been performed and the results. The report makes it impossible for the lender to accidentally approve a deal that is non-compliant and fully explains the calculations performed, any problems that were discovered and by how much the loan is out of compliance.


In addition to QM tests, Marksman also provides checks for higher-priced mortgage loans, Home Ownership and Equity Protection Act rules, investor eligibility through an exclusive partnership with AllRegs® , and a workflow for anti-steering, where the loan officer can view and print an anti-steering disclosure form. All compliance tests are customizable, allowing loan managers to disable certain tests or make them mandatory. In addition, built-in auditing tools allow lenders to provide support in the case of a compliance audit.


About Mortech, a Zillow business


Lincoln, Neb.-based Mortech was founded in 1987 to provide product and pricing engine solutions, including best execution pricing, AllRegs®  eligibility, detailed profit structures and best execution PMI, all for an extensive list of investors; lead management solutions, including a sophisticated sales dashboard, ratetracker, automated lead distribution and email marketing; and lock desk solutions, including lock pipeline management, custom reporting, LO compensation, LOS integration and the ability to lock directly with investors. Thousands of correspondent lenders, bankers, credit unions and smaller community lenders use Mortech®  tools. In addition, Mortech serves up mortgage product and pricing information to some of the top real estate and banking websites, including Zillow, Bankrate®  and LendingTree® . Mortech has been recognized by Mortgage Technology magazine as a Top 50 Service Provider every year since 2010. The company won a 2010 Mortgage Technology magazine Synergy Award with AllRegs. In 2012, Mortech was acquired by leading real estate information marketplace Zillow, Inc. To learn more about Mortech visit


Zillow, Marksman and Mortech are registered trademarks of Zillow, Inc.


AllRegs is a registered trademark of Mortgage Resource Center, Inc. Bankrate is a registered trademark of Bankrate, Inc. LendingTree is a registered trademark of LendingTree, LLC.

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