Mortgage

Mortech launches regulation training course for lenders

Mortech, a Zillow business, is rolling out “HUD’s Final Rule on Fair Lending and Disparate Impact,” a special audio training course from AllRegs Academy, the company said.

The Lincoln, Neb.-based firm provides mortgage technology software solutions for mortgage bankers and secondary-market teams.

“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.

He added, “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.”

By the end of the course, participants should be better able to understand, discuss and identify parts of the final rule and new guidelines from the Department of Housing and Urban Development

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