LINCOLN, Neb.--(BUSINESS WIRE)--Mortech, Inc., a Zillow® business that provides mortgage technology software solutions for mortgage bankers and secondary market teams, announced today that through its exclusive partnership with AllRegs®, the company will be offering “HUD’s Final Rule on Fair Lending and Disparate Impact,” a special audio training course from AllRegs Academy, to Marksman users at no cost.
The program will be available on April 19 from 2 to 3:30 p.m. EDT and is available to non-clients through the AllRegs website for $265.
“Our exclusive partnership with AllRegs not only makes us the only Product and Pricing Engine with access to its Lender Library of loan product data, but it also allows our clients to benefit from AllRegs Academy,” said Don Kracl, vice president of Mortgage Tools for Zillow. “This quarter’s program will provide need-to-know compliance information including HUD’s three-part legal test to help borrowers and lenders determine whether a particular lending practice is discriminatory.”
On Feb. 8, HUD announced that it is issuing a final rule to formalize a national standard for determining when a housing practice violates the Fair Housing Act as a result of discriminatory effect. AllRegs Academy’s audio course will review the final rule and discuss in detail the new guidelines published by HUD. The program will provide an introduction to the rule, guidelines on implementation as well as best practices for compliance.
At the end of the course, participants will be able to:
- Discuss the purpose of the final rule
- Recognize the components of the three-part legal test
- Identify disparate impact
- Understand the requirements for fair lending policies and procedures as they relate to disparate impact
The audio course will last 90 minutes, consisting of a 60-minute online presentation with a 30-minute interactive question-and-answer session.
About Mortech, Inc., a Zillow business.
Lincoln, Neb.-based Mortech, Inc. was founded in 1987 to provide product
and pricing engine (PPE) solutions, including best execution pricing,
AllRegs eligibility, detailed profits structures and best ex 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
is a registered trademark of Zillow, Inc. Mortech is a trademark of
Zillow, Inc.
LendingTree is a registered trademark of LendingTree,
LLC.
AllRegs is a registered trademark of Mortgage Resource Center,
Inc.
