MRG Document Technologies (MRG) has announced that it has partnered with Xerox Mortgage Services to provide their common customers with DataGlyphs technology, enabling the automatic classification of scanned and uploaded documents into the BlitzDocs collaboration suite. MRG is a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide.
With Xerox’s patented technology, MRG’s customers can embed mortgage loan information on a document using DataGlyphs, a sophisticated form of a barcode that acts as a portable database. The process offers increased security, redundancy and encryption capabilities throughout the course of the loan. Now, when documents are printed and signed by the borrower, they can be uploaded directly into BlitzDocs without manual classification or inserting cover pages.
“DataGlyphs enable MRG’s customers to easily classify documents in BlitzDocs and benefit from technology that simple barcoding lacks—automating and accelerating the mortgage lending process,” said Todd Moncrief, vice president of business development at Xerox Mortgage Services. “With our customers delivering tens of thousands of loans into the secondary market using BlitzDocs, we are committed to enhancing our solution with advanced technology that streamlines document management processes and reduces costs.”
Unlike most barcode systems, DataGlyphs can vary in size and shape and store significantly more data. Information can also be recovered if the DataGlyph is damaged.
“MRG seeks to provide our customers with the latest technology, both in our own services and those we can provide through partnerships,” said Kathleen Mantych, senior marketing director with MRG. “Xerox’s DataGlyphs can cut the printing of barcoded cover sheets by up to 90 percent and improve on the document classification accuracy with the redundancy inherent in the technology.”
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.mrgdocs.com.
