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.”
Before joining Mortech, Erickson was a partner in an independent mortgage banking operation. He has also held management positions at a number of mortgage lending institutions, including Commercial Federal Bank, Firstier Mortgage and State Federal Savings & Loan. Erickson began originating mortgage loans in 1979.
About Mortech, a Zillow business.
Lincoln, Neb.-based Mortech was founded in 1987 to provide product and pricing engine (PPE) 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’s 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 http://www.mortech.com.
Zillow 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.