mex -setup with Matlab 2015b and Mac OS X v10.10.5 (Yosemite)

Hello, I'm a newby to the Matlab coder but I'm trying to port some code into C and also make the corresponding .mex file. I'm having some trouble setting up the compiler. When I try to set it up I get the following:
mex -setup
Error using mex
No supported compiler or SDK was found. For options, visit
http://www.mathworks.com/support/compilers/R2015b/maci64.html.
I have Xcode 7.0 with command line tools. I know I have the gcc compiler because I get the following when I type in the terminal:
gcc --version
Configured with: --prefix=/Applications/Xcode.app/Contents/Developer/usr --with-gxx-include-dir=/usr/include/c++/4.2.1
Apple LLVM version 7.0.0 (clang-700.0.72)
Target: x86_64-apple-darwin14.5.0
Thread model: posix
Has anyone been able to get Matlab coder working with a similar configuration has me? Any suggestions?

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