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.
