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.
Monday, January 21, 2008
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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