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.
