Based in Southfield, Mich., Mortgage Builder Software, released its latest update to Architect, the company's flagship loan platform.
The latest updates include significant enhancements to address upcoming compliance requirements that go into effect at the start of 2014.
The upgrades include additional screens and automation to address points and fees testing, ATR/QM verifications and Equal Credit Opportunity Act (ECOA) appraisals and valuations.
Architect was introduced late in 2012 as the newly named and revamped version of the classic Mortgage Builder LOS.
"We understand that these new regulatory changes are a significant source of stress for lenders, so we’ve taken a proactive approach to help our customers prepare," says Keven Smith, president and CEO of Mortgage Builder. "As with most changes, successfully navigating these new regulations will require having technology that is prepared to accommodate them, in addition to internal planning and training on the part of the lender."