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:
Mortech, a Zillow Business publishes a Service Organization Controls 1 (SOC 1), Type II report. The audit for this report is conducted in accordance with AICPA: AT 801 (formerly SSAE 16) and the International Standards for Assurance Engagements No. 3402 (ISAE 3402).
This audit is the replacement of the Statement on Auditing Standards No. 70 (SAS 70) Type II report. This dual-standard report can meet a broad range of auditing requirements for U.S. and international auditing bodies.
The SOC 1 report audit attests that the Mortech Lending Solutions System control objectives are appropriately designed and that the controls safeguarding customer data are operating effectively.