The Ties That Bind Technology Providers Together
By Terry King, Group Director, MRG
Individuals involved within the mortgage industry, especially technology and service providers, know that lenders are earnestly awaiting a reasonably priced end-to-end technology solution that covers all of their needs from origination to closing.
To read the entire article, visit Mortgage Technology's Web site.
Monday, December 8, 2008
Monday, November 3, 2008
MRG Employees Recognized for Leadership in Mortgage Industry
DALLAS, Nov. 3, 2008 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced that Laura LaRaia and Marsha Williams were recognized at the 95th Annual Mortgage Bankers Association (MBA) Conference in San Francisco, Oct. 19-22, for completing the MBA’s Future Leaders Program and for receiving the Schumacher-Bolduc Award, respectively.
LaRaia was one of 16 individuals who graduated from the MBA's Future Leaders Program at this year’s MBA Annual conference. The goal of the program is to cultivate the next generation of mortgage industry leaders through a comprehensive leadership training experience. The curriculum focuses on leadership and business analysis skills that help candidates advance their careers in real estate finance. A graduate of the College of the Holy Cross and Loyola University's School of Law, LaRaia has been with MRG for 15 years and currently serves as the director of customer service for MRG.
Williams was awarded this year’s Schumacher-Bolduc Award. The honor is given to the Mortgage Bankers Association Political Action Committee (MORPAC) member who most exemplifies the dedication and hard work of Ernest P. Schumacher and Mark P. Bolduc. MORPAC staff and MBA senior management selected Williams because her efforts on behalf of the PAC were above the call of duty during the past year. She also received the Schumacher-Bolduc Award in 2004 and the State and Local MBA Service Award in 1996. In addition to currently serving as vice-chair of MORPAC and vice-chair of the Mortgage Action Alliance, Williams is a member of the MBA’s State Legislative and Regulatory Committee, which she previously chaired for two years, and the MBA’s Legal Issues and Regulatory Compliance Committee. She has also chaired the Education and the State and Local MBA Liaison committees for the MBA.
In addition, MRG’s Jared Ihrig gave a presentation on Identity Theft Red Flag Rule and Guidelines at the Texas Credit Union Real Estate Network’s Annual Mortgage Lending Symposium, held on Oct. 22. The group, comprised of state and federally chartered credit unions, selected Ihrig due to his regulatory compliance and mortgage lending expertise in the credit union industry. Prior to joining MRG’s National Mortgage Compliance Group, Ihrig served as assistant general counsel and director of compliance for one of the ten largest credit unions in the United States. A graduate of Oklahoma State University and Oklahoma City University School of Law, Ihrig is also a certified public accountant licensed in Texas and Oklahoma. Ihrig is a member of the MBA Legal Issues and Regulatory Compliance Committee and currently serves on the Government Relations, Regulatory Compliance and Future Mortgage Leaders committees of the Texas MBA, as well as the vice-president of programs for the Financial Institutions Legal Counsel Network of Dallas.
“Laura, Marsha and Jared exemplify the levels of leadership and legal expertise that are valued by the entire mortgage industry,” said Terry King, group chairman at MRG. “Not only are these individuals an asset to MRG, but to all of the lenders and consumers who use MRG for their document preparation.”
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit http://www.mrgdocs.com/.
LaRaia was one of 16 individuals who graduated from the MBA's Future Leaders Program at this year’s MBA Annual conference. The goal of the program is to cultivate the next generation of mortgage industry leaders through a comprehensive leadership training experience. The curriculum focuses on leadership and business analysis skills that help candidates advance their careers in real estate finance. A graduate of the College of the Holy Cross and Loyola University's School of Law, LaRaia has been with MRG for 15 years and currently serves as the director of customer service for MRG.
Williams was awarded this year’s Schumacher-Bolduc Award. The honor is given to the Mortgage Bankers Association Political Action Committee (MORPAC) member who most exemplifies the dedication and hard work of Ernest P. Schumacher and Mark P. Bolduc. MORPAC staff and MBA senior management selected Williams because her efforts on behalf of the PAC were above the call of duty during the past year. She also received the Schumacher-Bolduc Award in 2004 and the State and Local MBA Service Award in 1996. In addition to currently serving as vice-chair of MORPAC and vice-chair of the Mortgage Action Alliance, Williams is a member of the MBA’s State Legislative and Regulatory Committee, which she previously chaired for two years, and the MBA’s Legal Issues and Regulatory Compliance Committee. She has also chaired the Education and the State and Local MBA Liaison committees for the MBA.
In addition, MRG’s Jared Ihrig gave a presentation on Identity Theft Red Flag Rule and Guidelines at the Texas Credit Union Real Estate Network’s Annual Mortgage Lending Symposium, held on Oct. 22. The group, comprised of state and federally chartered credit unions, selected Ihrig due to his regulatory compliance and mortgage lending expertise in the credit union industry. Prior to joining MRG’s National Mortgage Compliance Group, Ihrig served as assistant general counsel and director of compliance for one of the ten largest credit unions in the United States. A graduate of Oklahoma State University and Oklahoma City University School of Law, Ihrig is also a certified public accountant licensed in Texas and Oklahoma. Ihrig is a member of the MBA Legal Issues and Regulatory Compliance Committee and currently serves on the Government Relations, Regulatory Compliance and Future Mortgage Leaders committees of the Texas MBA, as well as the vice-president of programs for the Financial Institutions Legal Counsel Network of Dallas.
“Laura, Marsha and Jared exemplify the levels of leadership and legal expertise that are valued by the entire mortgage industry,” said Terry King, group chairman at MRG. “Not only are these individuals an asset to MRG, but to all of the lenders and consumers who use MRG for their document preparation.”
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit http://www.mrgdocs.com/.
Monday, October 27, 2008
Media Coverage: Interview with National Mortgage News
MRG Adapting to Rapid Change
By James Comtois
DALLAS-The mortgage industry is seeing huge changes and as a result will have to make huge changes. With the banking industry in turmoil and compliance and fraud becoming increasingly crucial factors, the mortgage industry is seeing an "adapt or die" climate.
To read the enitre article, visit National Mortgage News's Web site.
By James Comtois
DALLAS-The mortgage industry is seeing huge changes and as a result will have to make huge changes. With the banking industry in turmoil and compliance and fraud becoming increasingly crucial factors, the mortgage industry is seeing an "adapt or die" climate.
To read the enitre article, visit National Mortgage News's Web site.
Sunday, October 19, 2008
MRG Supports Online Orders for Loan Modification Agreements
SAN FRANCISCO, Oct. 19, 2008 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced at MBA’s 95th Annual Convention and Expo (booth 834) that lenders using its MIRACLE ONLINE document preparation systems can now request modification agreements via the Internet.
By requesting loan modifications online, lenders can now instantly create changes to their loan document packages if workouts are necessary. These modified agreements, which have been available since the end of 2007, also enable lenders to remain in compliance with changing lending legislation and requirements. Modifications made by MRG users typically include changes to note and security agreement rates and terms.
"Providing originators with the ability to restructure terms and conditions is a necessary function in light of the current lending climate,” said Terry King, group chairman of MRG. "Having instant access to loan modification agreements is another step MRG is taking towards making the documentation aspect of lending as streamlined as possible.”
MRG offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders 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 document packages using e-mail and Web site delivery.
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
By requesting loan modifications online, lenders can now instantly create changes to their loan document packages if workouts are necessary. These modified agreements, which have been available since the end of 2007, also enable lenders to remain in compliance with changing lending legislation and requirements. Modifications made by MRG users typically include changes to note and security agreement rates and terms.
"Providing originators with the ability to restructure terms and conditions is a necessary function in light of the current lending climate,” said Terry King, group chairman of MRG. "Having instant access to loan modification agreements is another step MRG is taking towards making the documentation aspect of lending as streamlined as possible.”
MRG offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders 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 document packages using e-mail and Web site delivery.
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Friday, October 17, 2008
Media Coverage: MRG's Partnership with ComplianceEase Featured in Housing Wire
MRG Partners with ComplianceEase
By Kelly Curran
MRG Document Technologies, a provider of compliance and documentation services, announced Friday its integration with San Francisco-based ComplianceEase, a provider of risk management solutions for the residential mortgage industry, to provide automated compliance auditing for closing documents prepared by MRG.
To read the entire article, visit Housing Wire's Web site.
By Kelly Curran
MRG Document Technologies, a provider of compliance and documentation services, announced Friday its integration with San Francisco-based ComplianceEase, a provider of risk management solutions for the residential mortgage industry, to provide automated compliance auditing for closing documents prepared by MRG.
To read the entire article, visit Housing Wire's Web site.
MRG Forms Alliance with ComplianceEase
DALLAS, Oct. 17, 2008 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced its integration with San Francisco-based ComplianceEase®, a provider of risk management solutions for the residential mortgage industry, to provide automated compliance auditing for closing documents prepared by MRG.
ComplianceEase’s automated compliance system, ComplianceAnalyzer®, is accessible through MRG’s document preparation system, MIRACLE ONLINE. The integration enables lenders using MRG to immediately access all ComplianceEase tests and reports online. Audit results for possible compliance issues are available in both summary and detail formats.
There is no additional charge for users to access ComplianceEase via MIRACLE ONLINE. Lenders simply sign up directly with ComplianceEase and the integration is handled by MRG.
"Benefits of the integration to MRG users include reduced risk exposure, improved asset quality and profitability, proactive compliance enforcement and increased cost savings, efficiency and accuracy," said Michael Chan, vice president of ComplianceEase. “Our audits alert lenders to possible compliance issues with rapidly changing regulations related to anti-predatory/high cost lending and government agency lending, for example.”
“This alliance enables mortgage lenders to access an integrated portal with ComplianceEase without burdening them with additional technology systems to manage the connection,” said Terry King, group chairman of MRG. "Combining MRG’s customizable document preparation packages with ComplianceEase’s comprehensive compliance checks gives lenders an additional incentive to use both companies to deliver a fully compliant loan to the market.”
MRG offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders nationwide. The specific needs of 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 document packages using e-mail and Web site delivery.
About ComplianceEase®
ComplianceEase, a division of LogicEase Solutions Inc., headquartered in the San Francisco Bay Area, is a premier provider of intelligent business solutions to the financial services industry. ComplianceEase's patented platform includes ComplianceAnalyzer – the mortgage industry's leading automated compliance solution. ComplianceEase combines industry and regulatory compliance expertise with innovative technology to power beginning-to-end solutions in a fraction of the time and for a fraction of the cost of traditional approaches, while providing high levels of accuracy and integrity. ComplianceEase's significant and growing client base includes four of the top five mortgage lenders in the nation, and over 250 financial institutions, service providers, and regulators. Managed by a team of highly experienced and innovative mortgage professionals, the company is funded by the First American Corporation, the WI Harper Group, and the senior management team. For more information about ComplianceEase, visit www.ComplianceEase.com.
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
ComplianceEase’s automated compliance system, ComplianceAnalyzer®, is accessible through MRG’s document preparation system, MIRACLE ONLINE. The integration enables lenders using MRG to immediately access all ComplianceEase tests and reports online. Audit results for possible compliance issues are available in both summary and detail formats.
There is no additional charge for users to access ComplianceEase via MIRACLE ONLINE. Lenders simply sign up directly with ComplianceEase and the integration is handled by MRG.
"Benefits of the integration to MRG users include reduced risk exposure, improved asset quality and profitability, proactive compliance enforcement and increased cost savings, efficiency and accuracy," said Michael Chan, vice president of ComplianceEase. “Our audits alert lenders to possible compliance issues with rapidly changing regulations related to anti-predatory/high cost lending and government agency lending, for example.”
“This alliance enables mortgage lenders to access an integrated portal with ComplianceEase without burdening them with additional technology systems to manage the connection,” said Terry King, group chairman of MRG. "Combining MRG’s customizable document preparation packages with ComplianceEase’s comprehensive compliance checks gives lenders an additional incentive to use both companies to deliver a fully compliant loan to the market.”
MRG offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders nationwide. The specific needs of 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 document packages using e-mail and Web site delivery.
About ComplianceEase®
ComplianceEase, a division of LogicEase Solutions Inc., headquartered in the San Francisco Bay Area, is a premier provider of intelligent business solutions to the financial services industry. ComplianceEase's patented platform includes ComplianceAnalyzer – the mortgage industry's leading automated compliance solution. ComplianceEase combines industry and regulatory compliance expertise with innovative technology to power beginning-to-end solutions in a fraction of the time and for a fraction of the cost of traditional approaches, while providing high levels of accuracy and integrity. ComplianceEase's significant and growing client base includes four of the top five mortgage lenders in the nation, and over 250 financial institutions, service providers, and regulators. Managed by a team of highly experienced and innovative mortgage professionals, the company is funded by the First American Corporation, the WI Harper Group, and the senior management team. For more information about ComplianceEase, visit www.ComplianceEase.com.
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Wednesday, October 8, 2008
Media Coverage: MRG's Loan Modification Documents Featured in National Mortgage News
MRG Offers Online Access to Loan Mod Docs
By Amilda Dymi
Lenders using MRG Document Technologies' Miracle Online document preparation system now have the option to request document modification and loan modification agreements simply by accessing the Internet.
MRG will introduce the new feature - designed to help increase much-needed operational efficiency in times of crisis - at the MBA annual in San Francisco.
To read the entire article, visit National Mortgage News' Web site.
By Amilda Dymi
Lenders using MRG Document Technologies' Miracle Online document preparation system now have the option to request document modification and loan modification agreements simply by accessing the Internet.
MRG will introduce the new feature - designed to help increase much-needed operational efficiency in times of crisis - at the MBA annual in San Francisco.
To read the entire article, visit National Mortgage News' Web site.
Tuesday, September 16, 2008
MRG Offers Initial Disclosures for Mortgage Brokers in 50 States
DALLAS, Sept. 16, 2008 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced the ability to offer initial disclosures to mortgage brokers in all 50 states.
As state legislators throughout the country scrutinize their lending requirements and regulations in the wake of rising defaults and foreclosures, several new policies have been directed towards mortgage lenders and originators. Industry experts expect the trend of tightening regulations to continue, particularly for mortgage brokers.
In an effort to assist mortgage professionals with these new regulations, MRG's legal staff developed compliant broker disclosures for each state. These disclosures are available to the lending community via the Internet through MRG's MIRACLE ONLINE document preparation software. MRG’s eConsent solution enables originators to provide these state specific disclosures directly to consumers in an electronic format.
“During the past year, regulatory changes in states across the country have dramatically complicated the disclosure requirements for residential mortgages, especially for those originated by mortgage brokers,” said Terry King, group chairman of MRG. “Providing brokers and originators with online access to compliant disclosures is another way that MRG streamlines the documentation process for its customers.”
MRG offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders 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 document packages using e-mail and Web site delivery.
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
As state legislators throughout the country scrutinize their lending requirements and regulations in the wake of rising defaults and foreclosures, several new policies have been directed towards mortgage lenders and originators. Industry experts expect the trend of tightening regulations to continue, particularly for mortgage brokers.
In an effort to assist mortgage professionals with these new regulations, MRG's legal staff developed compliant broker disclosures for each state. These disclosures are available to the lending community via the Internet through MRG's MIRACLE ONLINE document preparation software. MRG’s eConsent solution enables originators to provide these state specific disclosures directly to consumers in an electronic format.
“During the past year, regulatory changes in states across the country have dramatically complicated the disclosure requirements for residential mortgages, especially for those originated by mortgage brokers,” said Terry King, group chairman of MRG. “Providing brokers and originators with online access to compliant disclosures is another way that MRG streamlines the documentation process for its customers.”
MRG offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders 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 document packages using e-mail and Web site delivery.
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Monday, August 25, 2008
Media Coverage: Case Study with Sydion Financial in National Mortgage News
Wholesaler Wins With E-Approach
FEDERAL WAY, WA -- Wholesaler Sydion Financial here attributes its success in a down market in part to its document generation strategy.
Sydion opened in December 2006 and began producing in October 2007, a time when many other lenders were experiencing subprime loan problems and exiting the market. Sydion's model focuses on forming exclusive relationships with brokers instead of booking as many loans as possible.
To read the entire article, visit National Mortgage News' Web site.
FEDERAL WAY, WA -- Wholesaler Sydion Financial here attributes its success in a down market in part to its document generation strategy.
Sydion opened in December 2006 and began producing in October 2007, a time when many other lenders were experiencing subprime loan problems and exiting the market. Sydion's model focuses on forming exclusive relationships with brokers instead of booking as many loans as possible.
To read the entire article, visit National Mortgage News' Web site.
Monday, August 4, 2008
MRG Launches Electronic Consent for Disclosures Product
DALLAS, Aug. 4, 2008 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced the launch of MRG eConsent, a solution that provides up-front federal and state specific disclosures directly to consumers in an electronic format.
eConsent streamlines the process of handling initial disclosures by making it completely electronic, and eliminating the printing, mailing, receiving and tracking of paper documents. By accessing disclosures electronically, borrowers can consent to accept, view and acknowledge disclosures at home or at work. eConsent complies with legislative and regulatory requirements for providing disclosures to the consumer.
1-800 East West Mortgage, a Marlborough, Mass.-based lender that originates loans for borrowers throughout New England and Florida, acted as the beta test customer for the electronic disclosure product. The lender volunteered to participate as the beta tester of eConsent because of its positive experiences with MRG products in the past.
“MRG eConsent is one of the tools we use to reduce the amount of labor required to complete the origination of a loan,” said David Bernotas, president and CEO of 1-800 East West Mortgage. “This electronic disclosures consent product fully automates the transmission and receipt of the approved documents and helps us more efficiently manage the origination process.”
"For users who need additional functionality, there is also a branded, private-labeled eConsent Web portal to further enhance the relationship with borrowers, and detailed reporting data that can be used for data mining,” said Terry King, group chairman of MRG.
MRG offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders 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 document packages using e-mail and Web site delivery.
Questions about electronic disclosures can be directed to Sarah Cannon at (678) 781-7216.
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
eConsent streamlines the process of handling initial disclosures by making it completely electronic, and eliminating the printing, mailing, receiving and tracking of paper documents. By accessing disclosures electronically, borrowers can consent to accept, view and acknowledge disclosures at home or at work. eConsent complies with legislative and regulatory requirements for providing disclosures to the consumer.
1-800 East West Mortgage, a Marlborough, Mass.-based lender that originates loans for borrowers throughout New England and Florida, acted as the beta test customer for the electronic disclosure product. The lender volunteered to participate as the beta tester of eConsent because of its positive experiences with MRG products in the past.
“MRG eConsent is one of the tools we use to reduce the amount of labor required to complete the origination of a loan,” said David Bernotas, president and CEO of 1-800 East West Mortgage. “This electronic disclosures consent product fully automates the transmission and receipt of the approved documents and helps us more efficiently manage the origination process.”
"For users who need additional functionality, there is also a branded, private-labeled eConsent Web portal to further enhance the relationship with borrowers, and detailed reporting data that can be used for data mining,” said Terry King, group chairman of MRG.
MRG offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders 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 document packages using e-mail and Web site delivery.
Questions about electronic disclosures can be directed to Sarah Cannon at (678) 781-7216.
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Thursday, July 24, 2008
MRG Named a Top 50 Service Provider by Mortgage Technology Magazine
DALLAS, July 24, 2008 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced its inclusion in Mortgage Technology Magazine’s Top 50 Service Providers list for 2008.
To be considered for inclusion on the Mortgage Technology list of Top 50 Service Providers, vendors must meet four major criteria: demonstrate customer satisfaction, offer technology with advanced functionality and have a strong market presence and viable revenue model.
The doc prep provider is in its 28th year of service in the mortgage industry and is currently running the 12th version of its doc prep software, Miracle DocPrep©, a Windows-based software package that provides automated data entry, document selection and electronic delivery of loan documents for mortgage brokers and lenders.
Since its founding, MRG has grown from eight customers to more than 350. The specific needs of these lenders are met through customized document packages, designed by in-house legal professionals and IT specialists. MRG’s pricing for services is transaction and loan based.
The company’s document preparation solution, Miracle DocPrep, is fully browser-based enabling users to access all software components through standard Internet browser applications that do not require installation or the use of specialized software or hardware.
“Collectively the companies listed in Mortgage Technology Magazine’s Top 50 Service Providers offer many valuable lessons on how to be successful in the long term,” said Terry King, group chairman of MRG. “Inclusion on the list allows many business leaders within the mortgage industry to reflect on how they got to where they are, and helps set a new standard for where they need to be next year.”
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
To be considered for inclusion on the Mortgage Technology list of Top 50 Service Providers, vendors must meet four major criteria: demonstrate customer satisfaction, offer technology with advanced functionality and have a strong market presence and viable revenue model.
The doc prep provider is in its 28th year of service in the mortgage industry and is currently running the 12th version of its doc prep software, Miracle DocPrep©, a Windows-based software package that provides automated data entry, document selection and electronic delivery of loan documents for mortgage brokers and lenders.
Since its founding, MRG has grown from eight customers to more than 350. The specific needs of these lenders are met through customized document packages, designed by in-house legal professionals and IT specialists. MRG’s pricing for services is transaction and loan based.
The company’s document preparation solution, Miracle DocPrep, is fully browser-based enabling users to access all software components through standard Internet browser applications that do not require installation or the use of specialized software or hardware.
“Collectively the companies listed in Mortgage Technology Magazine’s Top 50 Service Providers offer many valuable lessons on how to be successful in the long term,” said Terry King, group chairman of MRG. “Inclusion on the list allows many business leaders within the mortgage industry to reflect on how they got to where they are, and helps set a new standard for where they need to be next year.”
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Tuesday, July 1, 2008
Media Coverage: Interview in Mortgage Technology
Zipping Up Integrations Tighter
By Anthony Garritano
The old best-of-breed vs. end-to-end debate is quickly fading. Technology advances around XML, Web services and data standardization through MISMO make it easier for vendors to more tightly integrate. The tighter the integration, the more value for the end user.
The days of the loan origination system trying to build everything in a proprietary fashion or force users to deal with preferred integration partners are over.
To read the entire article, visit Mortgage Technology's Web site.
By Anthony Garritano
The old best-of-breed vs. end-to-end debate is quickly fading. Technology advances around XML, Web services and data standardization through MISMO make it easier for vendors to more tightly integrate. The tighter the integration, the more value for the end user.
The days of the loan origination system trying to build everything in a proprietary fashion or force users to deal with preferred integration partners are over.
To read the entire article, visit Mortgage Technology's Web site.
Wednesday, June 25, 2008
Bank of New England Selects MRG For Document Preparation Services
DALLAS, June 25, 2008 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced that Bank of New England, a Salem, N.H.- based bank providing financial and lending services throughout central and southern New Hampshire, the Merrimack Valley and the greater Boston area, has selected MRG for its document preparation services.
The lender selected MRG in May 2008 for its strength in compliance systems and for its access to compliance attorneys for legal services. MRG also provides Bank of New England with warranties and representations on all closing document packages, which are fully backed by errors and omissions coverage.
“Bank of New England is entering the mortgage business at a time when many other lenders are getting out, and we wanted to have the most efficient processes and technologies in place in order to capitalize on the changing mortgage landscape,” said Michael Gillis, vice president of Bank of New England. “ We highly value MRG’s guaranteed state compliance for origination disclosures and closing packages because while we currently lend in multiple states, we intend to grow into new ones in the future.”
"We encourage lenders to speak with MRG’s existing clients to find out how our document preparation services are a good fit for their organizations,” said Terry King, group chairman of MRG. “After speaking with another area lender, Bank of New England decided that using MRG’s products to simplify and improve the lending process can help it secure a prominent place in today’s residential mortgage industry.”
MRG offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders 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 document packages using e-mail and Web site delivery.
About Bank of New England
Headquartered in Salem, N.H., Bank of New England, formerly known as Southern New Hampshire Bank and Trust, operates five bank branches in New Hampshire and three additional bank branches in Massachusetts. Established in 1995 by its Chairman Emeritus Bill DeLuca Jr. and Chairman of the Board Bill DeLuca III, the bank has focused primarily on commercial lending and has a loan portfolio comprised primarily of commercial real estate investment and construction mortgages. For more information about Bank of New England visit, www.snhb.com
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
The lender selected MRG in May 2008 for its strength in compliance systems and for its access to compliance attorneys for legal services. MRG also provides Bank of New England with warranties and representations on all closing document packages, which are fully backed by errors and omissions coverage.
“Bank of New England is entering the mortgage business at a time when many other lenders are getting out, and we wanted to have the most efficient processes and technologies in place in order to capitalize on the changing mortgage landscape,” said Michael Gillis, vice president of Bank of New England. “ We highly value MRG’s guaranteed state compliance for origination disclosures and closing packages because while we currently lend in multiple states, we intend to grow into new ones in the future.”
"We encourage lenders to speak with MRG’s existing clients to find out how our document preparation services are a good fit for their organizations,” said Terry King, group chairman of MRG. “After speaking with another area lender, Bank of New England decided that using MRG’s products to simplify and improve the lending process can help it secure a prominent place in today’s residential mortgage industry.”
MRG offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders 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 document packages using e-mail and Web site delivery.
About Bank of New England
Headquartered in Salem, N.H., Bank of New England, formerly known as Southern New Hampshire Bank and Trust, operates five bank branches in New Hampshire and three additional bank branches in Massachusetts. Established in 1995 by its Chairman Emeritus Bill DeLuca Jr. and Chairman of the Board Bill DeLuca III, the bank has focused primarily on commercial lending and has a loan portfolio comprised primarily of commercial real estate investment and construction mortgages. For more information about Bank of New England visit, www.snhb.com
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Tuesday, June 24, 2008
Media Coverage: "Change Leaves Lenders Longing for an End-to-End System" byline article in Mortgage Technology
Change Leaves Lenders Longing for an End-to-End System
By Terry King, Group Director, MRG Document Technologies
Change. Politicians spout it. Songwriters romanticize it. The mortgage industry struggles with it.
Recent months have ushered in big changes in the mortgage industry: lowered loan-to-value ratios, more stringent underwriting requirements, tougher fraud prevention, increased focus on the FHA market, a return to fixed rate products and the demise of formerly popular exotic products such as I/O ARMs and HELOCs.
To read the entire article, visit Mortgage Technology's Web site.
By Terry King, Group Director, MRG Document Technologies
Change. Politicians spout it. Songwriters romanticize it. The mortgage industry struggles with it.
Recent months have ushered in big changes in the mortgage industry: lowered loan-to-value ratios, more stringent underwriting requirements, tougher fraud prevention, increased focus on the FHA market, a return to fixed rate products and the demise of formerly popular exotic products such as I/O ARMs and HELOCs.
To read the entire article, visit Mortgage Technology's Web site.
Sunday, June 15, 2008
Media Coverage: "Top 50 Servicer Provider" in Mortgage Technology
Top 50 Service Providers
By Anthony Garritano
Presenting this year's best and brightest mortgage technology providers.
This list has gone through several changes over the past few years. For example, we originally honored 100 providers, but have recently sliced that down to just 50 in order to reflect the deep industry consolidation. As lenders look increasingly for one end-to-end solution, technology providers have merged or acquired niche players to offer a variety of services or technology applications under one company name.
To read the entire article, visit Mortgage Technology's Web site.
By Anthony Garritano
Presenting this year's best and brightest mortgage technology providers.
This list has gone through several changes over the past few years. For example, we originally honored 100 providers, but have recently sliced that down to just 50 in order to reflect the deep industry consolidation. As lenders look increasingly for one end-to-end solution, technology providers have merged or acquired niche players to offer a variety of services or technology applications under one company name.
To read the entire article, visit Mortgage Technology's Web site.
Thursday, June 5, 2008
1-800 East West Mortgage Selects MRG For Document Preparation Services
DALLAS, June 5, 2008 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced that 1-800 East West Mortgage, a Marlborough, Mass.-based lender that originates loans for borrowers throughout New England and Florida, recently selected MRG for its document preparation services.
1-800 East West Mortgage uses disclosure documents and compliance packages through MRG’s Miracle Online browser-based system for its array of loan products including mortgages, refinances and its expedited 14-day mortgage closing.
“MRG alleviates the headaches related to document compliance for us. They handle compliance responsibilities for us so that we no longer have to go through the time or expense of purchasing our own document licensing for each closing package we put together,” said David Bernotas, president and CEO of 1-800 East West Mortgage. “I have worked with MRG for about five years, and I selected the company for 1-800 East West Mortgage because of its representations and warranties and its compatibility with our origination system.”
“We are pleased to provide 1-800 East West Mortgage with documentation and compliance support that has been customized to facilitate and enhance its origination process,” said Terry King, group chairman of MRG.
MRG offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders 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 provides a variety of delivery options for document packages using e-mail and Web site delivery.
About 1-800 East West Mortgage
Founded in 1988 and based in Marlborough, Mass., 1-800 East West Mortgage is wholly owned by Worcester, Mass.-based Commerce Bank. The company offers various programs and products to meet the needs of its borrowers throughout New England and Florida. For more information, visit www.eastwestmortgage.com.
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
1-800 East West Mortgage uses disclosure documents and compliance packages through MRG’s Miracle Online browser-based system for its array of loan products including mortgages, refinances and its expedited 14-day mortgage closing.
“MRG alleviates the headaches related to document compliance for us. They handle compliance responsibilities for us so that we no longer have to go through the time or expense of purchasing our own document licensing for each closing package we put together,” said David Bernotas, president and CEO of 1-800 East West Mortgage. “I have worked with MRG for about five years, and I selected the company for 1-800 East West Mortgage because of its representations and warranties and its compatibility with our origination system.”
“We are pleased to provide 1-800 East West Mortgage with documentation and compliance support that has been customized to facilitate and enhance its origination process,” said Terry King, group chairman of MRG.
MRG offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders 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 provides a variety of delivery options for document packages using e-mail and Web site delivery.
About 1-800 East West Mortgage
Founded in 1988 and based in Marlborough, Mass., 1-800 East West Mortgage is wholly owned by Worcester, Mass.-based Commerce Bank. The company offers various programs and products to meet the needs of its borrowers throughout New England and Florida. For more information, visit www.eastwestmortgage.com.
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Monday, May 12, 2008
First Houston Mortgage Selects MRG For Document Preparation Services
DALLAS, May 12, 2008 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced that First Houston Mortgage, a mortgage-banking firm licensed in 18 states that offers expertise in every aspect of the residential mortgage lending process, has selected MRG for its emphasis on compliance in the document preparation, management and closing processes.
“MRG’s ability to embed intelligent bar codes on individual pages of the loan documents ensures that closing packages are image-ready,” said David Zugheri, president of First Houston. “As First Houston begins offering eMortgages to consumers, MRG’s ability to support eMortgage originations is crucial to our future in the eLending space.”
“In addition to being a technically savvy lender, First Houston also focuses much of its attention on maintaining compliance with all lending regulations,” said Terry King, group chairman of MRG. “Our technology enables lenders like First Houston to produce cost-effective, fully compliant loans more efficiently.”
MRG offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders 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 document packages using e-mail and Web site delivery.
About First Houston Mortgage, Ltd.
First Houston Mortgage (Houston) offers a wide variety of lending products and expertise for all areas of the residential mortgage lending industry. Innovative technologies enable the company to maintain a completely in-house origination process, thus reducing costs and improving efficiencies. For more information, visit www.firsthouston.com.
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Wednesday, April 23, 2008
MRG Forms Alliance with Lydian Data Services for Outsourcing Origination Fulfillment
DALLAS, April 23, 2008 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced an alliance with Boca Raton, Fla.-based Lydian Data Services, a leading provider of end-to-end outsourcing services for all aspects of the mortgage operation, from origination to delivery and post-closing quality control.
The alliance enables MRG to extend its Miracle document preparation system to Lydian Data Services’ origination fulfillment center customers, who use Lydian’s outsource capabilities to supplement or replace their own internal processes, thereby controlling fixed costs while maintaining or raising output quality. Through a custom interface created by MRG, Lydian Data Services’ customers now have immediate access to MRG’s Miracle up-front and interim disclosures and closing documentation through the Lydian Exchange Network (LXⁿ), Lydian’s networking platform uniting lenders and industry service providers.
This alliance comes at an especially appropriate time, according to Brian K. Fitzpatrick, executive vice president of Lydian Data Services. “Right now, nothing is more important than loan quality and investor confidence,” he said. “Our view is that outsourcing the fulfillment of loans to Lydian is not only about reducing the internal fixed costs associated with processing, closing and delivering loans; but also about enterprise risk management and setting controls that drive a best practices-based, standardized, repeatable process. Together, Lydian and MRG deliver the process and compliant documents our clients need to produce high quality, investment grade assets.”
“By using MRG’s customizable document preparation packages and Lydian Data Services’ turnkey fulfillment capabilities, lenders can streamline their origination processes while maintaining full compliance with state and federal regulations,” said Terry King, group chairman of MRG. “The alliance between our companies is important because it simplifies and expedites the delivery of loan products and outsources much of the compliance burden for Lydian Data Services customers.”
MRG also offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders nationwide. The specific needs of the individual lenders are met through customized document packages, designed by in-house legal professionals and IT specialists. MRG provides a variety of delivery options for document packages using e-mail and Web site delivery.
About Lydian Data Services
Lydian Data Services, a wholly owned subsidiary of Lydian Trust Company and the parent company to Lydian Technology Group (www.LydianTechnology.com), provides end-to-end outsourcing and a la carte services to manage or enhance all aspects of the mortgage operation for money center and community banks, credit unions, mortgage banking entities and premier investment banks. Through its award-winning, open-architecture platform, and industry-proven “best practices” fulfillment services, Lydian Data Services improves its clients' operational efficiencies, risk management and service delivery. The company has focused expertise in post-closing, quality control auditing services, correspondent loan acquisition services, origination fulfillment services (including wholesale and retail processing), and bulk due diligence. Lydian Data Services is a central clearinghouse and standard for high quality mortgage transaction processing and fulfillment solutions for leading lenders and investors within the mortgage industry. Lydian has been awarded the Ernst & Young Florida "Entrepreneur of the Year ® " award for Financial Services, has been repeatedly ranked one of the fastest-growing private companies on the Inc. 500, and was the top ranking financial services company to be recognized on the InfoWorld 100 list of the "Most Technologically Innovative Companies in the World." For more information, visit www.lydiandata.com.
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
The alliance enables MRG to extend its Miracle document preparation system to Lydian Data Services’ origination fulfillment center customers, who use Lydian’s outsource capabilities to supplement or replace their own internal processes, thereby controlling fixed costs while maintaining or raising output quality. Through a custom interface created by MRG, Lydian Data Services’ customers now have immediate access to MRG’s Miracle up-front and interim disclosures and closing documentation through the Lydian Exchange Network (LXⁿ), Lydian’s networking platform uniting lenders and industry service providers.
This alliance comes at an especially appropriate time, according to Brian K. Fitzpatrick, executive vice president of Lydian Data Services. “Right now, nothing is more important than loan quality and investor confidence,” he said. “Our view is that outsourcing the fulfillment of loans to Lydian is not only about reducing the internal fixed costs associated with processing, closing and delivering loans; but also about enterprise risk management and setting controls that drive a best practices-based, standardized, repeatable process. Together, Lydian and MRG deliver the process and compliant documents our clients need to produce high quality, investment grade assets.”
“By using MRG’s customizable document preparation packages and Lydian Data Services’ turnkey fulfillment capabilities, lenders can streamline their origination processes while maintaining full compliance with state and federal regulations,” said Terry King, group chairman of MRG. “The alliance between our companies is important because it simplifies and expedites the delivery of loan products and outsources much of the compliance burden for Lydian Data Services customers.”
MRG also offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders nationwide. The specific needs of the individual lenders are met through customized document packages, designed by in-house legal professionals and IT specialists. MRG provides a variety of delivery options for document packages using e-mail and Web site delivery.
About Lydian Data Services
Lydian Data Services, a wholly owned subsidiary of Lydian Trust Company and the parent company to Lydian Technology Group (www.LydianTechnology.com), provides end-to-end outsourcing and a la carte services to manage or enhance all aspects of the mortgage operation for money center and community banks, credit unions, mortgage banking entities and premier investment banks. Through its award-winning, open-architecture platform, and industry-proven “best practices” fulfillment services, Lydian Data Services improves its clients' operational efficiencies, risk management and service delivery. The company has focused expertise in post-closing, quality control auditing services, correspondent loan acquisition services, origination fulfillment services (including wholesale and retail processing), and bulk due diligence. Lydian Data Services is a central clearinghouse and standard for high quality mortgage transaction processing and fulfillment solutions for leading lenders and investors within the mortgage industry. Lydian has been awarded the Ernst & Young Florida "Entrepreneur of the Year ® " award for Financial Services, has been repeatedly ranked one of the fastest-growing private companies on the Inc. 500, and was the top ranking financial services company to be recognized on the InfoWorld 100 list of the "Most Technologically Innovative Companies in the World." For more information, visit www.lydiandata.com.
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Monday, April 7, 2008
MRG Enhances MIRACLE ONLINE DocPrep System to Meet New Requirements
MRG offers a system for the preparation and delivery of compliant document packages for mortgage lenders 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 document packages using e-mail and Web site delivery.
Monday, March 17, 2008
MRG Offers Electronic Disclosures
DALLAS, March 17, 2008 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announces at MBA’s National Technology in Mortgage Banking Conference & Expo 2008 (Booth 313), the ability to send disclosures to its customers in an electronic format.
MRG can now route eDisclosure documents that are secure, electronically signable and fully compliant with all federal and state regulations. Borrowers can then review the documents, acknowledge their acceptance and execute the document package online. The lender receives an electronic copy file of the transaction for their records. Documents from outside sources, such as lender and investor documents, can easily be added and merged into disclosure packages.
“With eDisclosures, lenders and borrowers can complete the entire mortgage transaction in fast and efficient manner,” said Terry King, group chairman of MRG. “Borrowers can sign documents electronically as an alternative to the traditional mailing of printed disclosure packages, which expedites the origination process and compliments paperless originations.”
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
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
MRG can now route eDisclosure documents that are secure, electronically signable and fully compliant with all federal and state regulations. Borrowers can then review the documents, acknowledge their acceptance and execute the document package online. The lender receives an electronic copy file of the transaction for their records. Documents from outside sources, such as lender and investor documents, can easily be added and merged into disclosure packages.
“With eDisclosures, lenders and borrowers can complete the entire mortgage transaction in fast and efficient manner,” said Terry King, group chairman of MRG. “Borrowers can sign documents electronically as an alternative to the traditional mailing of printed disclosure packages, which expedites the origination process and compliments paperless originations.”
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
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.
Tuesday, March 4, 2008
MRG Offers One-Time Close Construction/Permanent Loan Closing Documentation
Wednesday, February 27, 2008
Weststar Mortgage Selects MRG For Document Preparation Services
DALLAS, Feb. 27, 2008 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced that Weststar Mortgage Corp.,
an Albuquerque, N.M. – based direct lender that specializes in financing and purchasing non-conventional loans, has selected MRG to provide support for its one time close construction-to-permanent transactions.
Weststar Mortgage needed a loan document provider that could customize documents for residential home loans and direct system interfaces with existing origination software.
“We selected MRG for their ability to quickly provide customized loan documents readily available in all 50 states,” said Ryan Grandi, vice president of Weststar Mortgage, “We also value the ability for seamless integration between MRG’s software and our own.”
“Our products simplify and improve the lending process through documents that are customized to the clients’ specific needs and compliant with the latest regulations,” said Terry King, group chairman of MRG.
MRG offers a system for the preparation and delivery of compliant document packages for mortgage lenders nationwide. The specific needs of the individual lenders are met through customized document packages, designed by in-house legal professional and IT specialists. MRG also offers a variety of delivery options for the document packages using e-mail and Web site delivery.
About Weststar Mortgage
Weststar Mortgage is a direct lender specializing in financing and purchasing non-conventional loans where common sense underwriting, transaction speed and structure flexibility helps clients meet their unique financing needs. The Albuquerque, N.M. – based company was founded in 1983. Additional information about Weststar Mortgage can be found at http://www.westloan.com/.
About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit http://www.mrgdocs.com/.
Monday, February 4, 2008
MRG Hires Attorney Jared Ihrig
Monday, January 21, 2008
MRG Adds Automated Attachment Feature to MIRACLE ONLINE DocPrep System
DALLAS, Jan. 21, 2007 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced an enhancement to its MIRACLE ONLINE document preparation systems that enables mortgage brokers and lenders to automatically upload documents to MRG for inclusion in document packages.
By including loan origination system and lender produced documents, such as the Unified Residential Loan Application (Form 1003), with their MRG document package requests, lenders can electronically add and transmit all documents to designated parties in a single, secure, complete and convenient PDF package.
“Enabling our lenders to customize their packages by attaching their own documents enhances the origination process by making it faster and easier,” said Terry King, group chairman of MRG. “We are offering this innovation to the document request process to enable our customers to become more productive and efficient in 2008.”
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 technology.
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.
By including loan origination system and lender produced documents, such as the Unified Residential Loan Application (Form 1003), with their MRG document package requests, lenders can electronically add and transmit all documents to designated parties in a single, secure, complete and convenient PDF package.
“Enabling our lenders to customize their packages by attaching their own documents enhances the origination process by making it faster and easier,” said Terry King, group chairman of MRG. “We are offering this innovation to the document request process to enable our customers to become more productive and efficient in 2008.”
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 technology.
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, January 7, 2008
MRG and Encomia Form Alliance
DALLAS, Jan. 7, 2008 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced an alliance with Houston -based Encomia, a provider of end-to-end eMortgage technology.
The partnership enables MRG to expand its offering of disclosures to its customers in an electronic format. MRG can now route the documents through Encomia eDisclosures, which converts the file to secure, electronically signable documents, compliant with federal and state regulations. Borrowers can then review the documents, acknowledge their acceptance, and execute the package online. The lender receives an electronic copy file of the transaction for their records.
“In today’s lending environment, customers are consistently asking how they can provide compliant documents faster and more efficiently to the borrower,” said Terry King, group chairman of MRG. “In response to their request, we chose Encomia to partner with in order to provide customers with eDisclosures, enabling borrowers to sign documents electronically as an alternative to the traditional mailing of large printed disclosure packages.”
“Access to eDisclosures helps lenders and borrowers complete the mortgage process in a fast and efficient manner,” said Drew Krieger, COO of Encomia. “With eDisclosures, MRG and Encomia help lenders come one step closer to providing a paperless mortgage."
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.
Encomia provides an integrated solution to the electronic mortgage process. The company’s scalable, Web-based applications, including online Disclosures, SMART Doc conversion, Web-based eSign, and an eVault, enable lenders to quickly become eSign and eMortgage ready.
About Encomia
Houston-based Encomia enables mortgage lenders to more cost-effectively and efficiently originate mortgage loans by enabling lenders to process mortgage loans electronically, from end-to-end, on a large-scale basis, regardless of document format. The company’s Encomia eMortgage Solution provides financial institutions with a comprehensive tool kit for full eMortgage including the creation of SMART Docs, electronic signature capability and secure document archival. Encomia’s solutions are compatible with a number of third-party technologies, are adaptable to institutional standards and can be implemented in a manner that allows for gradual eMortgage adoption. To learn more about Encomia, its products and services, please contact Brian Davenport, senior vice president of sales at info@encomia.com or visit the company’s Web site at http://www.encomia.com/.
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.
The partnership enables MRG to expand its offering of disclosures to its customers in an electronic format. MRG can now route the documents through Encomia eDisclosures, which converts the file to secure, electronically signable documents, compliant with federal and state regulations. Borrowers can then review the documents, acknowledge their acceptance, and execute the package online. The lender receives an electronic copy file of the transaction for their records.
“In today’s lending environment, customers are consistently asking how they can provide compliant documents faster and more efficiently to the borrower,” said Terry King, group chairman of MRG. “In response to their request, we chose Encomia to partner with in order to provide customers with eDisclosures, enabling borrowers to sign documents electronically as an alternative to the traditional mailing of large printed disclosure packages.”
“Access to eDisclosures helps lenders and borrowers complete the mortgage process in a fast and efficient manner,” said Drew Krieger, COO of Encomia. “With eDisclosures, MRG and Encomia help lenders come one step closer to providing a paperless mortgage."
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.
Encomia provides an integrated solution to the electronic mortgage process. The company’s scalable, Web-based applications, including online Disclosures, SMART Doc conversion, Web-based eSign, and an eVault, enable lenders to quickly become eSign and eMortgage ready.
About Encomia
Houston-based Encomia enables mortgage lenders to more cost-effectively and efficiently originate mortgage loans by enabling lenders to process mortgage loans electronically, from end-to-end, on a large-scale basis, regardless of document format. The company’s Encomia eMortgage Solution provides financial institutions with a comprehensive tool kit for full eMortgage including the creation of SMART Docs, electronic signature capability and secure document archival. Encomia’s solutions are compatible with a number of third-party technologies, are adaptable to institutional standards and can be implemented in a manner that allows for gradual eMortgage adoption. To learn more about Encomia, its products and services, please contact Brian Davenport, senior vice president of sales at info@encomia.com or visit the company’s Web site at http://www.encomia.com/.
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.
Media Coverage: Interview in National Mortgage News
2008 to Be the Year of the Easy Mortgage
By Anthony Garritano
Steve Mase, president of origination vendor Dexma, told our sister publication Mortgage Technology that the industry will adopt the electronic mortgage when people stop calling it the electronic mortgage. What every lender is essentially looking for is a way to make the process truly easy, and the way to get to the easy mortgage is surely to automate.
To read the entire article, visit National Mortgage News' Web site.
By Anthony Garritano
Steve Mase, president of origination vendor Dexma, told our sister publication Mortgage Technology that the industry will adopt the electronic mortgage when people stop calling it the electronic mortgage. What every lender is essentially looking for is a way to make the process truly easy, and the way to get to the easy mortgage is surely to automate.
To read the entire article, visit National Mortgage News' Web site.
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