Mortech has announced 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.