DALLAS, Dec. 17, 2007 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced it also is supporting modification agreements as part of its loan document library.
These modified agreements enable lenders to be in compliance with evolving state and federal regulations and gives them the flexibility to restructure terms and conditions to keep borrowers in their homes. MRG’s most common modifications include changes to note and security agreement rates and terms, but also can include ancillary services that combine disclosures and recording documents.
“Market conditions are forcing lenders to rethink existing loan agreements in order to reduce foreclosures and cope with ever-changing state and federal regulations. To help meet this demand, MRG now provides the capability to order and receive modification agreements through its Miracle DocPrep software package,” said Terry King, group chairman of MRG. “In addition, we provide access to our legal staff for our customers to further enhance their ability to fully stay in compliance.”
MRG offers a system for the preparation and delivery of compliant document packages nationwide. The specific needs of the individual lenders are met through customized document packages, designed by in-house legal professionals and IT specialists. MRG also offers a variety of delivery options for the document packages using e-mail and Web site delivery.
About MRG Document Technologies
Dallas-based MRG Document Technologies is the mortgage document practice group within Middleberg Riddle & Gianna, among the most capable and experienced mortgage regulatory law firms in the United States. The document technologies group designs, maintains, and warrants as compliant, electronic disclosure and closing documents for the mortgage industry. Founded in 1980, MRG has more than 350 customers including lenders of all sizes, located nationwide. With more than 150 employees, MRG is dedicated to the efficient delivery of more than 3,000 lender-specific forms and documents, guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Monday, December 17, 2007
Wednesday, November 14, 2007
MRG’s Miracle DocPrep Used by 1,250th Subscriber
DALLAS, Nov. 14, 2007 – MRG Document Technologies (MRG), a provider of document preparation services for the financial industry, announced that its Miracle DocPrep product has reached a milestone of 1,250 subscribers.
MRG’s Miracle DocPrep is a Web-based electronic system that provides users with automated data entry, document selection and electronic delivery of compliant mortgage loan documents. The technology offered by MRG provides a system for the preparation and delivery of document packages nationwide.
These packages are customized, designed by in-house legal professionals and IT specialists and meet the specific needs of individual lenders. Additionally, they can be delivered by a variety options including e-mail and Web site delivery.
There are currently four versions of Miracle offered by MRG. Miracle Online is a Web-based program that accelerates the user’s internal loan closing processes. Miracle Express provides a fully integrated and customized data exchange for documents to be completely automated and outsourced. Miracle Encounter provides non-automated user environments with sophisticated document solutions with advanced technological expertise. Miracle Custom Products allows users to adapt their products to different document types, printing requirements and viewing capabilities.
“Through the more than 25 years of service, Miracle DocPrep has consistently provided our customers with a cost-effective, time-efficient system to manage the production of mortgage closing documents,” said Terry King, group chairman of MRG. “MRG was able to reach this milestone by making sure our document production processes always mirrored the trends within the mortgage industry, such as HELOCs and the more recent eMortgage.”
About MRG Document Technologies
Dallas-based MRG Document Technologies is the mortgage document practice group within Middleberg Riddle & Gianna, among the most capable and experienced mortgage regulatory law firms in the U.S. The Document Technologies group designs, maintains, and warrants as compliant, electronic disclosure and closing documents for the mortgage industry. Founded in 1980, MRG has more than 350 customers including lenders of all sizes, located nationwide. With more than 150 employees, MRG is dedicated to the efficient delivery of more than 3,000 lender-specific forms and documents, guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
MRG’s Miracle DocPrep is a Web-based electronic system that provides users with automated data entry, document selection and electronic delivery of compliant mortgage loan documents. The technology offered by MRG provides a system for the preparation and delivery of document packages nationwide.
These packages are customized, designed by in-house legal professionals and IT specialists and meet the specific needs of individual lenders. Additionally, they can be delivered by a variety options including e-mail and Web site delivery.
There are currently four versions of Miracle offered by MRG. Miracle Online is a Web-based program that accelerates the user’s internal loan closing processes. Miracle Express provides a fully integrated and customized data exchange for documents to be completely automated and outsourced. Miracle Encounter provides non-automated user environments with sophisticated document solutions with advanced technological expertise. Miracle Custom Products allows users to adapt their products to different document types, printing requirements and viewing capabilities.
“Through the more than 25 years of service, Miracle DocPrep has consistently provided our customers with a cost-effective, time-efficient system to manage the production of mortgage closing documents,” said Terry King, group chairman of MRG. “MRG was able to reach this milestone by making sure our document production processes always mirrored the trends within the mortgage industry, such as HELOCs and the more recent eMortgage.”
About MRG Document Technologies
Dallas-based MRG Document Technologies is the mortgage document practice group within Middleberg Riddle & Gianna, among the most capable and experienced mortgage regulatory law firms in the U.S. The Document Technologies group designs, maintains, and warrants as compliant, electronic disclosure and closing documents for the mortgage industry. Founded in 1980, MRG has more than 350 customers including lenders of all sizes, located nationwide. With more than 150 employees, MRG is dedicated to the efficient delivery of more than 3,000 lender-specific forms and documents, guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Thursday, November 1, 2007
Media Coverage: Interview with Mortgage Servicing News
Servicers Fear MBS Lawsuits
By Brian Collins
WASHINGTON -- Fear and doubt seems to be impeding mass restructurings of problem mortgages as servicers are wary of being sued by investors holding mortgage-backed securities.
The Bush administration, federal regulators, mortgage industry leaders and consumer advocates are encouraging servicers to develop loan modification programs to stem rising foreclosures due to risky adjustable-rate mortgages.
Subprime defaults and foreclosures are already at record highs and many are concerned that a wave of resets on two million subprime ARMs over the next 18 months could really create a crisis.
To read the entire article, visit Mortgage Servicing News' Web site.
By Brian Collins
WASHINGTON -- Fear and doubt seems to be impeding mass restructurings of problem mortgages as servicers are wary of being sued by investors holding mortgage-backed securities.
The Bush administration, federal regulators, mortgage industry leaders and consumer advocates are encouraging servicers to develop loan modification programs to stem rising foreclosures due to risky adjustable-rate mortgages.
Subprime defaults and foreclosures are already at record highs and many are concerned that a wave of resets on two million subprime ARMs over the next 18 months could really create a crisis.
To read the entire article, visit Mortgage Servicing News' Web site.
Monday, October 15, 2007
Media Coverage: Interview in National Mortgage News
Executives Say Firms Could Do More to Avoid Assignee Liability
By Brian Collins
WASHINGTON -- Mortgage investors and securitizers could do a much better job of protecting themselves from assignee liability and the Federal Housing Administration is making a big mistake in pushing for risk-based pricing.
Those were just some of the observations that four industry experts shared with National Mortgage News in a discussion of current industry trends and issues.
These experts are top executives at QuestSoft Corp., Mavent Inc., MRG Document Technologies Inc. and Netupdate that provide services to mortgage lenders and servicers.
To read the entire article, visit National Mortgage News' Web site.
By Brian Collins
WASHINGTON -- Mortgage investors and securitizers could do a much better job of protecting themselves from assignee liability and the Federal Housing Administration is making a big mistake in pushing for risk-based pricing.
Those were just some of the observations that four industry experts shared with National Mortgage News in a discussion of current industry trends and issues.
These experts are top executives at QuestSoft Corp., Mavent Inc., MRG Document Technologies Inc. and Netupdate that provide services to mortgage lenders and servicers.
To read the entire article, visit National Mortgage News' Web site.
Monday, October 1, 2007
Media Coverage: Case Study with Irwin Home Equity in National Mortgage News
Flexibility Is Key to Choosing a Doc Provider
By Anthony Garritano
DALLAS -- As investor requirements adjust and loan products roll back to more conventional paper, lenders need a flexible and fast document provider to keep them agile.
"We realized that we needed to partner with a special doc company that would specialize in all the states that we serve, which is 46 states in the country," said John Olano, vice president of loan production, correspondent lending from Irwin Home Equity.
To read the entire article, visist National Mortgage News' Web site.
By Anthony Garritano
DALLAS -- As investor requirements adjust and loan products roll back to more conventional paper, lenders need a flexible and fast document provider to keep them agile.
"We realized that we needed to partner with a special doc company that would specialize in all the states that we serve, which is 46 states in the country," said John Olano, vice president of loan production, correspondent lending from Irwin Home Equity.
To read the entire article, visist National Mortgage News' Web site.
Tuesday, September 25, 2007
Ohio Catholic Federal Credit Union selects MRG for Closing Packages and Disclosures
DALLAS, September 25, 2007 – MRG Document Technologies (MRG), a provider of document preparation services for the financial industry, announced that Ohio Catholic Federal Credit Union (Garfield Heights, Ohio), a faith-based credit union, has selected MRG for its document preparation, closing and upfront disclosure packages.
Ohio Catholic Federal Credit Union submits requests and receives disclosure documents and compliance packages through MRG’s Miracle Online browser-based system. Miracle Online provides automated data entry, document selection and electronic delivery of fully compliance-monitored loan documents for customers at any given time or place.
“MRG helps us meet compliance standards for our loan documents, enabling us to focus on bringing quality loan products and services to our members,” said Jim McTighe, mortgage department manager, of Ohio Catholic Federal Credit Union.
“On top of MRG’s Miracle Online document delivery system, our in-house legal team provides customers with the legal and compliance advice,” said Terry King, group chairman of MRG. “Through Miracle Online, customers like Ohio Catholic Federal Credit Union can spend less time tracking regulations to remain compliant and more time focusing on enhancing their member service.”
MRG’s technology offers a system for the preparation and delivery of document packages nationwide. The specific needs of the individual lenders are met through customized document packages, designed by in-house legal professionals and IT specialists. MRG also offers a variety of delivery options for the document packages using e-mail and Web site delivery.
About Ohio Catholic Federal Credit Union
Garfield Heights, Ohio-based Ohio Catholic Federal Credit Union is a faith based, full-service financial institution chartered to and committed to serving students, employees and parishioners of the Catholic Diocese of Cleveland, and their families. Ohio Catholic is currently the largest faith-based financial institution in the state of Ohio with over 17,500 loyal members and approximately $124 million in assets.
About MRG Document Technologies
Dallas-based MRG Document Technologies is the mortgage document practice group within Middleberg Riddle & Gianna, among the most capable and experienced mortgage regulatory law firms in the U.S. The Document Technologies group designs, maintains, and warrants as compliant, electronic disclosure and closing documents for the mortgage industry. Founded in 1980, MRG has more than 350 customers including lenders of all sizes, located nationwide. With more than 150 employees, MRG is dedicated to the efficient delivery of more than 3,000 lender-specific forms and documents, guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Ohio Catholic Federal Credit Union submits requests and receives disclosure documents and compliance packages through MRG’s Miracle Online browser-based system. Miracle Online provides automated data entry, document selection and electronic delivery of fully compliance-monitored loan documents for customers at any given time or place.
“MRG helps us meet compliance standards for our loan documents, enabling us to focus on bringing quality loan products and services to our members,” said Jim McTighe, mortgage department manager, of Ohio Catholic Federal Credit Union.
“On top of MRG’s Miracle Online document delivery system, our in-house legal team provides customers with the legal and compliance advice,” said Terry King, group chairman of MRG. “Through Miracle Online, customers like Ohio Catholic Federal Credit Union can spend less time tracking regulations to remain compliant and more time focusing on enhancing their member service.”
MRG’s technology offers a system for the preparation and delivery of document packages nationwide. The specific needs of the individual lenders are met through customized document packages, designed by in-house legal professionals and IT specialists. MRG also offers a variety of delivery options for the document packages using e-mail and Web site delivery.
About Ohio Catholic Federal Credit Union
Garfield Heights, Ohio-based Ohio Catholic Federal Credit Union is a faith based, full-service financial institution chartered to and committed to serving students, employees and parishioners of the Catholic Diocese of Cleveland, and their families. Ohio Catholic is currently the largest faith-based financial institution in the state of Ohio with over 17,500 loyal members and approximately $124 million in assets.
About MRG Document Technologies
Dallas-based MRG Document Technologies is the mortgage document practice group within Middleberg Riddle & Gianna, among the most capable and experienced mortgage regulatory law firms in the U.S. The Document Technologies group designs, maintains, and warrants as compliant, electronic disclosure and closing documents for the mortgage industry. Founded in 1980, MRG has more than 350 customers including lenders of all sizes, located nationwide. With more than 150 employees, MRG is dedicated to the efficient delivery of more than 3,000 lender-specific forms and documents, guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Wednesday, August 1, 2007
Media Coverage: "Understanding The E-Mortgage" byline article in Mortgage Technology
Understanding The E-Mortgage
By Terry King
At a recent lending conference I had the opportunity to participate in a discussion about e-mortgages. Several points became evident during the discussion and are worthy of being shared with the entire lending community.
First, the mortgage industry is moving closer to making the e-mortgage mainstream and reducing the industry's dependency on paper documents. Second, the technology exists to make it happen now.
To read the entire article, visit Mortgage Technology's Web site.
By Terry King
At a recent lending conference I had the opportunity to participate in a discussion about e-mortgages. Several points became evident during the discussion and are worthy of being shared with the entire lending community.
First, the mortgage industry is moving closer to making the e-mortgage mainstream and reducing the industry's dependency on paper documents. Second, the technology exists to make it happen now.
To read the entire article, visit Mortgage Technology's Web site.
Monday, July 30, 2007
MRG Selected by Sydion Financial for Document Preparation and Delivery
DALLAS, July 30, 2007 – MRG Document Technologies (MRG), a provider of document preparation services for the financial industry, announced that Sydion Financial, a wholesale mortgage banker, has selected MRG for its efficient document preparation, management and delivery services associated with the closing process.
Seattle, Wash.-based Sydion Financial is utilizing MRG’s disclosure documents and compliance packages through the company’s Miracle Online browser-based system. The program provides automated data entry, document selection and electronic delivery for customers at any time from any location. Miracle Online documents are specifically formatted to each lender, maintaining full compliance with all federal and regional guidelines.
Sydion Financial is also implementing technology solutions from MRG strategic partner Portellus, Inc. for its loan origination, underwriting and secondary marketing efforts. Installed solutions include Portellus’ LOS, Enterprise Rules Management (ERM) system, Integration Services Hub (PIXMO) and Broker Portal.
“We selected MRG for the company’s ability to provide us quick and seamless data integration with our current LOS,” said Spencer Richardson, CEO, of Sydion Financial. “MRG can help us reach our goal of straight through processing (STP), offering us an efficient document preparation and delivery method.”
“Miracle Online is designed to provide fully compliance-monitored mortgage loan documents that can easily be used with prominent LOS systems,” said Terry King, group chairman of MRG. “Our technology allows customers like Sydion to spend less time on integration to produce cost-effective, quality loans at a much faster rate.”
MRG’s technology offers a system for the preparation and delivery of document packages nationwide. The specific needs of the individual lenders are met through customized document packages, designed by in-house legal professionals and IT specialists. MRG also offers a variety of delivery options for the document packages using e-mail and Web site delivery.
About Sydion Financial
Seattle, Wash.-based Sydion Financial is a newly-formed wholesale mortgage banker using leading technology solutions to ensure the straight through processing of loans. Services include originating, underwriting and selling loans to various markets, including conforming, non-prime and Alt-A. For more information about Sydion Financial, visit www.sydion.com.
About MRG Document Technologies
Dallas-based MRG Document Technologies designs, maintains and warrants as compliant, electronic documents for the mortgage industry. Founded in 1980, the company has more than 400 customers including lenders of all sizes, located nationwide. With more than 150 employees, MRG is dedicated to bringing more than 3,000 lender-specific forms and documents, guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Seattle, Wash.-based Sydion Financial is utilizing MRG’s disclosure documents and compliance packages through the company’s Miracle Online browser-based system. The program provides automated data entry, document selection and electronic delivery for customers at any time from any location. Miracle Online documents are specifically formatted to each lender, maintaining full compliance with all federal and regional guidelines.
Sydion Financial is also implementing technology solutions from MRG strategic partner Portellus, Inc. for its loan origination, underwriting and secondary marketing efforts. Installed solutions include Portellus’ LOS, Enterprise Rules Management (ERM) system, Integration Services Hub (PIXMO) and Broker Portal.
“We selected MRG for the company’s ability to provide us quick and seamless data integration with our current LOS,” said Spencer Richardson, CEO, of Sydion Financial. “MRG can help us reach our goal of straight through processing (STP), offering us an efficient document preparation and delivery method.”
“Miracle Online is designed to provide fully compliance-monitored mortgage loan documents that can easily be used with prominent LOS systems,” said Terry King, group chairman of MRG. “Our technology allows customers like Sydion to spend less time on integration to produce cost-effective, quality loans at a much faster rate.”
MRG’s technology offers a system for the preparation and delivery of document packages nationwide. The specific needs of the individual lenders are met through customized document packages, designed by in-house legal professionals and IT specialists. MRG also offers a variety of delivery options for the document packages using e-mail and Web site delivery.
About Sydion Financial
Seattle, Wash.-based Sydion Financial is a newly-formed wholesale mortgage banker using leading technology solutions to ensure the straight through processing of loans. Services include originating, underwriting and selling loans to various markets, including conforming, non-prime and Alt-A. For more information about Sydion Financial, visit www.sydion.com.
About MRG Document Technologies
Dallas-based MRG Document Technologies designs, maintains and warrants as compliant, electronic documents for the mortgage industry. Founded in 1980, the company has more than 400 customers including lenders of all sizes, located nationwide. With more than 150 employees, MRG is dedicated to bringing more than 3,000 lender-specific forms and documents, guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Thursday, June 28, 2007
Media Coverage: Interview in Mortgage Technology
Combining Daily Guideline Updates and Compliant Docs
By James Comtois, Online Reporter
With loan products changing daily, it is important for mortgage lenders to be able to quickly find, price, originate and close loans with updated, accurate information.
To read the entire article, visit Mortgage Technology's Web site.
By James Comtois, Online Reporter
With loan products changing daily, it is important for mortgage lenders to be able to quickly find, price, originate and close loans with updated, accurate information.
To read the entire article, visit Mortgage Technology's Web site.
Tuesday, April 17, 2007
MRG Manager Awarded the Certified Mortgage Technologist Designation By Mortgage Bankers Association
DALLAS, April 17, 2007 – MRG Document Technologies (MRG), a leader in document preparation and compliance in the mortgage industry, announced that Brian Nuckels, the company’s client connectivity manager, was awarded with the Certified Mortgage Technologist (CMT) designation, given by Mortgage Bankers Association (MBA).
Nuckels, a seven-year veteran in the mortgage industry, received the designation along with 19 other professionals for their high achievement in technology. Candidates considered for the award must have a minimum of two years industry experience, have a technology background and be in a technology leadership position within the residential or commercial real estate finance industry.
In Nuckels’ current position, his responsibilities include collaborating with customers to develop requirements for connectivity and security considerations, data exchange formats and custom software interfaces. Nuckels’ previous positions include software engineer for both MRG and another software development company.
“We encourage our employees to better themselves from both a personal and professional standpoint,” said Terry King, group chairman of MRG. “With Brian’s CMT designation, we are able to support both the MBA and demonstrate our commitment to serving our clients.”
About MRG
Dallas-based MRG Document Technologies designs, maintains and warrants as compliant, electronic documents for the mortgage industry. Founded in 1980, the company has more than 400 customers including lenders of all sizes, located nationwide. With more than 150 employees, MRG is dedicated to bringing more than 3,000 lender-specific forms and documents, guaranteed to comply with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Nuckels, a seven-year veteran in the mortgage industry, received the designation along with 19 other professionals for their high achievement in technology. Candidates considered for the award must have a minimum of two years industry experience, have a technology background and be in a technology leadership position within the residential or commercial real estate finance industry.
In Nuckels’ current position, his responsibilities include collaborating with customers to develop requirements for connectivity and security considerations, data exchange formats and custom software interfaces. Nuckels’ previous positions include software engineer for both MRG and another software development company.
“We encourage our employees to better themselves from both a personal and professional standpoint,” said Terry King, group chairman of MRG. “With Brian’s CMT designation, we are able to support both the MBA and demonstrate our commitment to serving our clients.”
About MRG
Dallas-based MRG Document Technologies designs, maintains and warrants as compliant, electronic documents for the mortgage industry. Founded in 1980, the company has more than 400 customers including lenders of all sizes, located nationwide. With more than 150 employees, MRG is dedicated to bringing more than 3,000 lender-specific forms and documents, guaranteed to comply with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Thursday, April 5, 2007
Media Coverage: Interview in Mortgage Technology
Can Technology Ease Defaults?
By Anthony Garritano
Grim news came from the Mortgage Bankers Association a month ago when the institution reported on one of the most striking indicators of weakening housing conditions yet, as the rate of loans entering foreclosure reached a record high in the fourth quarter of 2006. Specifically, the rate of home loans entering foreclosure rose to 0.54% in the fourth quarter of last year, a record for the MBA's 35-year-old National Delinquency Survey.
To read the entire article, visit Mortgage Technology's Web site.
By Anthony Garritano
Grim news came from the Mortgage Bankers Association a month ago when the institution reported on one of the most striking indicators of weakening housing conditions yet, as the rate of loans entering foreclosure reached a record high in the fourth quarter of 2006. Specifically, the rate of home loans entering foreclosure rose to 0.54% in the fourth quarter of last year, a record for the MBA's 35-year-old National Delinquency Survey.
To read the entire article, visit Mortgage Technology's Web site.
Monday, March 26, 2007
MRG Selected by Greenlight Financial to Provide Document Preparation Services
DALLAS, MARCH 26, 2007 – MRG Document Technologies (MRG), a provider of document preparation services for the financial industry, announced at the MBA’s National Technology in Mortgage Banking Conference and Expo, that Greenlight Financial, an Irvine, Calif. mortgage lender, has selected MRG to provide compliance documents, disclosures and closing document packages for its lending products.
Greenlight Financial selected MRG based on its needs for a loan document provider that could provide advanced customization capabilities, direct system interfaces with custom edits and granular level imaging support.
“As our company continues to grow, we have a need for a great deal of flexibility on the part of MRG in terms of customizations,” said Joann Pham, C.E.O., of Greenlight Financial. “We also value the fact that MRG’s in-house legal team acts as a partner that enables us to avoid becoming entangled in complicated compliance issues.”
“MRG helps shoulder some of the compliance burden that slows down lenders like Greenlight Financial,” said Terry King, group chairman of MRG. “We also merge our loan document customization capabilities with the legal expertise of our staff to offer a practical, competitive solution that helps control costs and improve and expedite the document ordering and delivery process.”
MRG’s technology solutions offer a system for the preparation and delivery of document packages nationwide. The specific needs of the individual lenders are met through customized document packages, designed by in-house legal professionals and IT specialists. MRG also offers a variety of delivery options for the document packages using e-mail and Web site delivery.
About Greenlight Financial
Greenlight Financial Services (www.greenlightloans.com) is a direct-to-consumer mortgage lender originating first and second mortgages and home equity lines of credit. Founded in 2001, Greenlight Financial Services is headquartered in Irvine, California.
About MRG Document Technologies
Dallas-based MRG Document Technologies designs, maintains and warrants as compliant, electronic documents for the mortgage industry. Founded in 1980, the company has more than 400 customers including lenders of all sizes, located nationwide. With more than 150 employees, MRG is dedicated to bringing more than 3,000 lender-specific forms and documents, guaranteed to be in compliance with the most recent legislative and regulatory changes.
For more information about MRG, visit www.mrgdocs.com.
Greenlight Financial selected MRG based on its needs for a loan document provider that could provide advanced customization capabilities, direct system interfaces with custom edits and granular level imaging support.
“As our company continues to grow, we have a need for a great deal of flexibility on the part of MRG in terms of customizations,” said Joann Pham, C.E.O., of Greenlight Financial. “We also value the fact that MRG’s in-house legal team acts as a partner that enables us to avoid becoming entangled in complicated compliance issues.”
“MRG helps shoulder some of the compliance burden that slows down lenders like Greenlight Financial,” said Terry King, group chairman of MRG. “We also merge our loan document customization capabilities with the legal expertise of our staff to offer a practical, competitive solution that helps control costs and improve and expedite the document ordering and delivery process.”
MRG’s technology solutions offer a system for the preparation and delivery of document packages nationwide. The specific needs of the individual lenders are met through customized document packages, designed by in-house legal professionals and IT specialists. MRG also offers a variety of delivery options for the document packages using e-mail and Web site delivery.
About Greenlight Financial
Greenlight Financial Services (www.greenlightloans.com) is a direct-to-consumer mortgage lender originating first and second mortgages and home equity lines of credit. Founded in 2001, Greenlight Financial Services is headquartered in Irvine, California.
About MRG Document Technologies
Dallas-based MRG Document Technologies designs, maintains and warrants as compliant, electronic documents for the mortgage industry. Founded in 1980, the company has more than 400 customers including lenders of all sizes, located nationwide. With more than 150 employees, MRG is dedicated to bringing more than 3,000 lender-specific forms and documents, guaranteed to be in compliance with the most recent legislative and regulatory changes.
For more information about MRG, visit www.mrgdocs.com.
Thursday, February 1, 2007
Media Coverage: "Viewpoint: How Outsourcing Can Help" byline in Origination News
Viewpoint: How Outsourcing Can Help
By Terry King
Mr. King, group chairman of MRG Document Technologies, Dallas, has written an opinion piece on what he sees as the benefits of outsourcing. His thoughts on the topic are presented as this month's Viewpoint.
Two years ago, at the height of the refinance boom, lenders were focused on processing heavy loan volumes, which stretched their capacity but proved to be incredibly profitable.
To read the entire article, visit Origination News' Web site.
By Terry King
Mr. King, group chairman of MRG Document Technologies, Dallas, has written an opinion piece on what he sees as the benefits of outsourcing. His thoughts on the topic are presented as this month's Viewpoint.
Two years ago, at the height of the refinance boom, lenders were focused on processing heavy loan volumes, which stretched their capacity but proved to be incredibly profitable.
To read the entire article, visit Origination News' Web site.
Media Coverage: Updates to Miracle Featured in Origination News
MRG Releases Updated Doc Preparation Solution
By Jennifer Harmon
DALLAS -- MRG Document Technologies here, a provider of document preparation services for the financial industry, is releasing Miracle Online version 7.0, the next generation of its browser-based document preparation system.
The revamp of Miracle Online features more user-friendly screens and dynamic interactive forms, according to the company.
To read the entire article, visit Origination News' Web site.
By Jennifer Harmon
DALLAS -- MRG Document Technologies here, a provider of document preparation services for the financial industry, is releasing Miracle Online version 7.0, the next generation of its browser-based document preparation system.
The revamp of Miracle Online features more user-friendly screens and dynamic interactive forms, according to the company.
To read the entire article, visit Origination News' Web site.
Monday, January 8, 2007
MRG Introduces New Version of its Mortgage Document Preparation Platform
DALLAS, Jan. 8, 2007 – MRG Document Technologies (MRG), a provider of document preparation services for the financial industry, announces the release of Miracle Online version 7.0, the next generation of its browser-based document preparation system.
The revamp of Miracle Online, which accelerates the lender’s closing process by providing LOS data integration, program customization, investor-specific document formatting and compliance editing, features more user-friendly screens and dynamic interactive forms.
The new enhancements include:
Better Validation and Error Correction. Fields with errors are now highlighted and the “pop-up” error alerts have been replaced with two new enhancements that identify and resolve errors, the Errors Screen and the Loan Wizard.
Improved Program Management. A new program type field permits users to filter down a list of available loan programs and individual product codes.
Enhanced Upfront Disclosure and Good Faith Estimate Processing. Users that depend on MRG for upfront disclosures can identify parameters of GFE use within the organization. GFE only users then just see screens pertinent to their tasks. The new "Order GFE Packages" screen also permits multiple disclosures to be ordered for loans where data entry has already been completed.
“Miracle Online 7.0 provides improved user-friendly features and functions for lenders and provides them with a more streamlined integrated process for ordering and receiving customized loan documents,” said Terry King, group chairman of MRG. “Through version 7.0, the process is now faster and easier, which helps everyone in the document receiving chain.”
MRG prepares fully customizable loan closing documents and forms for use throughout the United States through its interfaced system. Designed by legal professionals and IT specialists, loan applicants and lenders benefit from the immediate and cost effective customization of the documents to each lender’s specific mortgage documentation needs.
About MRG Document Technologies
Dallas-based MRG Document Technologies designs, maintains and warrants as compliant, electronic documents for the mortgage industry. Founded in 1980, the company has more than 400 customers including lenders of all sizes, located nationwide. With more than 150 employees, MRG is dedicated to bringing more than 3,000 lender-specific forms and documents, guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
The revamp of Miracle Online, which accelerates the lender’s closing process by providing LOS data integration, program customization, investor-specific document formatting and compliance editing, features more user-friendly screens and dynamic interactive forms.
The new enhancements include:
Better Validation and Error Correction. Fields with errors are now highlighted and the “pop-up” error alerts have been replaced with two new enhancements that identify and resolve errors, the Errors Screen and the Loan Wizard.
Improved Program Management. A new program type field permits users to filter down a list of available loan programs and individual product codes.
Enhanced Upfront Disclosure and Good Faith Estimate Processing. Users that depend on MRG for upfront disclosures can identify parameters of GFE use within the organization. GFE only users then just see screens pertinent to their tasks. The new "Order GFE Packages" screen also permits multiple disclosures to be ordered for loans where data entry has already been completed.
“Miracle Online 7.0 provides improved user-friendly features and functions for lenders and provides them with a more streamlined integrated process for ordering and receiving customized loan documents,” said Terry King, group chairman of MRG. “Through version 7.0, the process is now faster and easier, which helps everyone in the document receiving chain.”
MRG prepares fully customizable loan closing documents and forms for use throughout the United States through its interfaced system. Designed by legal professionals and IT specialists, loan applicants and lenders benefit from the immediate and cost effective customization of the documents to each lender’s specific mortgage documentation needs.
About MRG Document Technologies
Dallas-based MRG Document Technologies designs, maintains and warrants as compliant, electronic documents for the mortgage industry. Founded in 1980, the company has more than 400 customers including lenders of all sizes, located nationwide. With more than 150 employees, MRG is dedicated to bringing more than 3,000 lender-specific forms and documents, guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
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