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.
