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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."


A number of new compliance checks specific to the Qualified Mortgage (QM) rule are available within Marksman, including: 

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

When a lender selects a loan product, they are immediately notified whether it passed or failed the QM test. The lender can see which portions of the deal passed or failed, and the calculations used by Marksman to make this determination. Color-coded icons appear on screen to show at a glance whether the deal meets QM requirements.


In addition to QM tests, Marksman also provides checks for higher-priced mortgage loans 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.


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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