MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, has announced that IBERIABANK Mortgage Company has selected MRG’s Miracle Online platform for its mortgage document preparation needs.
IBERIABANK Mortgage, a subsidiary of Lafayette, La.-based IBERIABANK Corp. with assets totaling $10.4 billion, chose MRG’s Miracle Online platform for mortgage document creation that is guaranteed to meet full legal compliance in all upfront disclosure packages, as well as mortgage loan closing packages. Serving customers in Alabama, Arkansas, Florida, Georgia, Idaho, Illinois, Louisiana, Mississippi, Missouri, Oklahoma, Tennessee and Texas, IBERIABANK Mortgage benefits from MRG’s ability to electronically deliver compliant mortgage document packages securely to multiple locations at any time.
“Our branches cross a wide geographic area, making it necessary to have electronic document delivery functions in place,” said David Bryles, executive vice president and chief operating officer of IBERIABANK Mortgage. “MRG’s Miracle Online enables us to quickly and efficiently electronically send closing packages to our customers and leaves no doubt about the compliance of each document. When our loan officers spend less time on the nuances of regulatory compliance they are able to increase volume and close more loans.”
Miracle Online is a browser-based mortgage document preparation and delivery system that provides lenders with documents and disclosures vetted by an in-house team of compliance attorneys and experts. With the automatic integration of new federal and state regulations, institutions such as IBERIABANK Mortgage are able to operate in multiple states knowing they are in compliance with the latest laws and regulations in each.
“For lending institutions with an extensive reach like IBERIABANK Mortgage, it can become difficult to monitor mortgage regulatory compliance,” said Laura LaRaia, an attorney and director of customer service with MRG. “MRG’s compliance experts take that responsibility out of the loan officers’ hands and develop an automated process for the bank, saving time and money while reducing the risk associated with non-compliance.”
For more information, visit www.iberiabankmortgage.com or www.mrgdocs.com.