Heartland Financial Rolls Out Mortgage Software to Fulfill RESPA Rules

Mortgage module and new account setup module from Cypress added to existing Mark IV lending system to satisfy RESPA requirements and reduce redundancy in loan operations.

Heartland Financial, a ten-bank holding company headquartered in Dubuque, Iowa, with $1 billion in assets, has added Cypress Software's Mortgage Processor Module and New Account Setup Module to its existing installation of Cypress' Mark IV loan software. The enhanced system is helping Heartland meet regulatory requirements, like RESPA, and increase overall lending efficiency.

"Adding the Mortgage Module gives us additional peace of mind, knowing that we have the necessary forms and lending calculators necessary, should examiners pay a visit," said Kate Barth, loan member bank support manager at Heartland, in a statement. She said the Mortgage Module brings additional automation to the bank's mortgage application process that will help it remain compliant with current and future federal regulations.

The New Account Setup Module is said to help banks increase lending efficiency by automatically transferring new account information into the institution's document preparation system, thus eliminating excess paperwork and reducing redundant data entry.