MRG forms alliance with ComplianceEaseMortgagePress.comMRG Document Technologies, ComplianceEase, MIRACLE ONLINE
MRG Document Technologies (MRG), a provider of compliance and
documentation services for the financial industry, announced its
integration with San Francisco-based ComplianceEase, a provider of
risk management solutions for the residential mortgage industry, to
provide automated compliance auditing for closing documents
prepared by MRG.
ComplianceEase's automated compliance system,
ComplianceAnalyzer, is accessible through MRG's document
preparation system, MIRACLE ONLINE. The integration enables lenders
using MRG to immediately access all ComplianceEase tests and
reports online. Audit results for possible compliance issues are
available in both summary and detail formats.
There is no additional charge for users to access ComplianceEase
via MIRACLE ONLINE. Lenders simply sign up directly with
ComplianceEase and the integration is handled by MRG.
"Benefits of the integration to MRG users include reduced risk
exposure, improved asset quality and profitability, proactive
compliance enforcement and increased cost savings, efficiency and
accuracy," said Michael Chan, vice president of ComplianceEase.
"Our audits alert lenders to possible compliance issues with
rapidly changing regulations related to anti-predatory/high cost
lending and government agency lending, for example."
"This alliance enables mortgage lenders to access an integrated
portal with ComplianceEase without burdening them with additional
technology systems to manage the connection," said Terry King,
group chairman of MRG. "Combining MRG's customizable document
preparation packages with ComplianceEase's comprehensive compliance
checks gives lenders an additional incentive to use both companies
to deliver a fully compliant loan to the market."
MRG offers a browser-based system for the preparation and
delivery of compliant document packages for mortgage lenders
nationwide. The specific needs of individual lenders are met
through customized document packages, designed by in-house legal
professionals and IT specialists. MRG also offers a variety of
delivery options for document packages using e-mail and Web site
delivery.
For more informaiton, visit www.ComplianceEase.com or
www.mrgdocs.com.
