Monday, December 17, 2007

MRG Now Providing Modification Agreements to Loan Documents

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.