MRG Document Technologies forms alliance with Kroll Factual DataMortgagePress.comMRG Document Technologies, Kroll Factual Data, fraud, risk assessment, FactualID, FullFacts, CollateralFacts
MRG Document Technologies (MRG), a provider of mortgage
technologies to banks, credit unions and other lenders, announced
an alliance with Kroll Factual Data, a provider of business
information solutions to financial organizations, to provide MRG
clients access to three of Kroll Factual Data's risk assessment
services, FactualID, FullFacts and CollateralFacts.
These services assist MRG's lenders in not only identifying
potential fraudulent activity, but also with implementing their
"Red Flags Rule" plans, the federally mandated identity theft
prevention programs that lenders must have in place by May 1. Kroll
Factual Data's risk assessment services are available through MRG's
electronic document preparation and compliance software, MIRACLE
Online. Since they can be ordered from MIRACLE Online, no
additional set-up is required.
"Kroll Factual Data's risk assessment services comprehensively
identify borrower, collateral, participant and transactional
misrepresentation by combining advanced, knowledge-based analytics
with industry leading flexibility," said Jeff Gentry, vice
president of Kroll Factual Data.
"Compliance with federal and state lending regulations is of
utmost importance in today's mortgage industry, and lenders need
technology partners who can help them meet the demands of the
changing regulatory landscape," said Mike O'Leary, senior mortgage
consultant with MRG. "Creating relationships such as this one with
Kroll Factual Data provides our lenders with additional mortgage
fraud protection without the need to manage additional vendor
relationships."
MRG offers a browser-based system for the preparation and
delivery of compliant document packages, electronic disclosures,
loan modifications and other services for mortgage lenders, banks
and credit unions nationwide. MRG guarantees that its products are
in compliance with the most recent legislative and regulatory
changes.
For more information, visit www.krollfactualdata.com
or www.mrgdocs.com.
