Mortgage Builder Software, a Southfield, Mich.-based provider of loan servicing software and loan origination systems (LOS), has upgraded Architect, the company's LOS platform.
Mortgage Builder says the upgrade, the second since its release in 2012, contains enhancements to address upcoming compliance requirements for January 2014. The upgrade includes additional screens and automation to address point and fees testing, ability-to-repay/qualified mortgage verifications and Equal Credit Opportunity Act appraisals/valuations, according to the company.
Mortgage Builder explains it has included these updates so that clients have adequate time to familiarize themselves with the new functionality and to train staff in preparation for the new regulations. In addition, there will also be a Mortgage Builder Compliance Conference in December for clients to review and discuss the new functionality.