MRG Document Technologies (MRG), a provider of mortgage technologies to banks, credit unions and other lenders, announced that its MIRACLE Online electronic document preparation and compliance software has been fully integrated with West Palm Beach, Fla.-based OpenClose’s Web-based, end-to-end loan origination software (LOS), LenderAssist. Mortgage originators using LenderAssist can now access compliant document packages and electronic delivery solutions from MRG through a single sign-on built into the LOS. The partnership streamlines the loan origination process by integrating data exchange between the two systems to eliminate the need to rekey data.
“Mortgage lenders are facing a number of hurdles these days and need a loan origination system they can rely on to be compliant no matter what legislation or regulation was just passed or what state they operate in, “ said J.P. Kelly, president of operations for OpenClose. “Through partners like MRG, we can offer our customers all the tools necessary to confidently close more loans and serve more borrowers in every possible market.”
“OpenClose users now have easier access to compliant mortgage closing documents that have been thoroughly vetted by MRG’s staff attorneys,” said Laura LaRaia, an attorney and director of customer service at MRG. “OpenClose users also have the ability to offer their borrowers electronic disclosure delivery options in order to both maintain compliance and shorten the disclosure and closing timeline.”
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.openclose.com or www.mrgdocs.com.