Mortgage Compliance

855.298.9327

Identify compliance issues early in the loan process, before it gets sent to underwriting.

 

Mortech’s suite of compliance tools includes automated tests and a comprehensive compliance review sheet available for your loan officers and secondary desk - giving your team the correct tools to double check the rate quote and make any necessary pricing adjustments before the loan gets locked. Automated checks include:

  • Quality Mortgage (QM) Points and Fees Checks
  • Home Ownership and Equity Protection Act (HOEPA) Checks
  • Fair Lending Tests
  • Checks for Higher Priced Mortgage Loans (HPML)
  • Workflow for Anti-Steering
  • Custom Auditing Tools
  • Compliance and Fair lending screen shots

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Mortech is proud to be SOC2® compliant

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SOC 2® - SOC for Service Organizations: Trust Services Criteria
Report on Controls at a Service Organization Relevant to Security, Availability, Processing Integrity, Confidentiality or Privacy. These reports are intended to meet the needs of a broad range of users that need detailed information and assurance about the controls at a service organization relevant to security, availability, and processing integrity of the systems the service organization uses to process users’ data and the confidentiality and privacy of the information processed by these systems. These reports can play an important role in:

  • Oversight of the organization
  • Vendor management programs
  • Internal corporate governance and risk management processes
  • Regulatory oversight

Similar to a SOC 1 report, there are two types of reports: A type 2 report on management’s description of a service organization’s system and the suitability of the design and operating effectiveness of controls; and a type 1 report on management’s description of a service organization’s system and the suitability of the design of controls. Use of these reports are restricted.