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MRG increased alliances in 2009 to assist lenders with compliance

Feb 02, 2010

MRG Document Technologies (MRG), a provider of mortgage compliance technology and services to banks, credit unions and other lenders nationwide, announced that it focused on developing strategic integrations and partnerships in 2009, increasing the number of lenders that access its compliant mortgage document preparation services. Some of the key alliances include: ► Partnered with Kroll Factual Data to provide clients with access to three of Kroll’s risk assessment services through MRG’s MIRACLE Online compliance software, including a “Reg Flag Rules” plan. ► Integrated with OpenClose’s loan origination system LenderAssist, enabling one-click access to MRG’s compliant loan closing document packages through the LOS. ► Integrated with ISGN’s Diamond mortgage loan origination software, giving Diamond users access to MRG’s compliant mortgage document packages. ► Developed reseller agreement with RTE Financial Services to assist credit unions with compliance initiatives. MRG also supported clients through a challenging mortgage compliance landscape in 2009 by proactively addressing regulatory changes. It enhanced its eConsent electronic disclosure delivery system to assist lenders with Regulation Z; developed tests that enabled lenders to comply with the higher-priced mortgage loan rule; drafted loan modification document packages compliant with the Home Affordable Modification Program (HAMP); as well has helped lenders prepare for the 2010 RESPA changes. “2009 represented challenges for lenders across the spectrum,” said Mike O’Leary, senior mortgage consultant for MRG. “MRG assisted clients during this difficult time by forming strategic alliances with innovative, reliable partners, while continuing to develop mortgage technology that provides compliant documents with real-time updates, supported by a team of mortgage attorneys. This expertise enables MRG to provide lenders with guaranteed, outsourced compliance solutions.“ 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’s products are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information, visit www.mrgdocs.com.
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Feb 02, 2010
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