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.
