Mortech announced a new workflow within Mortech’s Marksman pricing engine. Loan officers now can access and automatically incorporate investor underwriting guidelines via an exclusive partnership with AllRegs.
The new option now is available on both the product and rate screens within Marksman. Results are automatically color coded to let loan officers know at a glance if a borrower will qualify for a loan program based on the loan criteria entered. This will reduce errors and lender risk by ensuring the loan meets investor eligibility guidelines. Administrators also can choose to configure Marksman to hide ineligible results from loan officers.
“In today’s lending environment, investor compliance checks cannot be left to chance. The costs of non-compliance are too high,” said Don Kracl, vice president of mortgage tools for Zillow, Inc. “Since these checks are so important, it makes sense to run them automatically.”