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First Guaranty Mortgage selects MRG For doc prep services

NationalMortgageProfessional.com
Feb 16, 2010

MRG Document Technologies (MRG), a provider of mortgage document preparation and compliance technology to banks, credit unions and other lenders nationwide, has announced that First Guaranty Mortgage Corporation (FGMC) has selected MRG for its document preparation services. McLean, Va.-based FGMC selected MRG due to the integration of flexible Web-based technology and deep knowledge of mortgage compliance, providing the lender with real-time regulatory updates in all of its mortgage documents, from initial disclosures to closing packages. FGMC executive vice president and general counsel Matthew Silverstein also cited MRG’s willingness to discuss customers’ specific needs and provide hands-on service and advice. “Compliance is a complex area and it was important that we choose a provider that was willing to work with us one-on-one,” said Silverstein. “MRG’s clear focus on mortgage compliance, understanding of lenders’ operational requirements, as well as providing direct access to a team of attorneys, made us confident in the company’s ability to manage FGMC’s compliance.” “As regulatory compliance becomes more challenging to maintain, it is vital that lenders choose a partner that not only provides the content for mortgage documents, but also the legal knowledge to support the documents,” said Mike O’Leary, senior mortgage consultant for MRG. “Our Miracle Online doc prep technology enables FGMC to quickly and easily order and access its compliant loan document packages, leaving more time to focus on originating loans and increasing business.” 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.fgmc.com or www.mrgdocs.com.
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