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MRG Document Technologies (MRG) and Capsilon have announced that MRG Miracle Online document preparation and compliance software is now integrated with the Capsilon DocVelocity document and data management platform. In addition, the companies announced that MRG has joined the Capsilon Partner Network. With the integration, disclosure packages that lenders order from MRG can now be delivered directly into the appropriate electronic loan folder within the lender’s instance of Capsilon DocVelocity. Capsilon DocVelocity automatically places electronic signature indicators on the documents, so lenders can easily create borrower disclosure packages and send them to borrowers for electronic signing using the new Capsilon DocVelocity E-Signatures capabilities.
Using the integrated solution, Capsilon DocVelocity customers save time and eliminate errors associated with the process of downloading disclosure packages, uploading them into the correct electronic loan folder in DocVelocity, and assembling the correct documents into packages to send to borrowers to sign electronically. This process is now automated.
“Capsilon DocVelocity automates key steps within the loan process to save time and lower costs, and now with our integration with MRG, our users are able to automate the creation of disclosure packages to send to borrowers for electronic signing,” said Sanjeev Malaney, CEO of Capsilon Corporation. “Our goal is to provide the capabilities that lenders need to speed loan turn times and reduce loan production costs, and the integration with MRG delivers against this goal.”
“Capsilon DocVelocity customers can now automatically receive compliant mortgage disclosure documents that have been thoroughly vetted by MRG’s staff attorneys directly into the related DocVelocity electronic loan folder,” said Mike Riddle, managing partner at MRG. “The benefit of this partnership assures the lending community that they will be 100 percent in compliance while utilizing cutting edge technology - paving the way for future, pioneering endeavors.”