DALLAS, March 23, 2009 – MRG Document Technologies (MRG), a provider of mortgage technologies to banks, credit unions and other lenders, announced an alliance with Kroll Factual Data, a provider of business information solutions to financial organizations, to provide MRG clients access to three of Kroll Factual Data’s risk assessment services, FactualID, FullFacts and CollateralFacts.
These services assist MRG’s lenders in not only identifying potential fraudulent activity, but also with implementing their “Red Flags Rule” plans, the federally mandated identity theft prevention programs that lenders must have in place by May 1. Kroll Factual Data’s risk assessment services are available through MRG's electronic document preparation and compliance software, MIRACLE Online. Since they can be ordered from MIRACLE Online, no additional set-up is required.
“Kroll Factual Data's risk assessment services comprehensively identify borrower, collateral, participant and transactional misrepresentation by combining advanced, knowledge-based analytics with industry leading flexibility,“ said Jeff Gentry, vice president of Kroll Factual Data.
“Compliance with federal and state lending regulations is of utmost importance in today’s mortgage industry, and lenders need technology partners who can help them meet the demands of the changing regulatory landscape,” said Mike O’Leary, senior mortgage consultant with MRG. “Creating relationships such as this one with Kroll Factual Data provides our lenders with additional mortgage fraud protection without the need to manage additional vendor relationships.”
MRG offers a browser-based system for the preparation and delivery of compliant document packages, electronic disclosures, loan modifications and other services for mortgage lenders, banks and credit unions nationwide. MRG guarantees that its products are in compliance with the most recent legislative and regulatory changes.
About Kroll Factual Data
Kroll Factual Data is a leading provider of business information to mortgage lenders, consumer lenders, property management firms and other businesses. For more than 20 years, Kroll Factual Data has helped businesses make prompt, accurate decisions by combining innovative solutions with cutting-edge technology and industry-leading customer service. Kroll Factual Data is a subsidiary of Kroll, the world’s leading risk consulting company. Kroll is a subsidiary of Marsh & McLennan Companies, Inc. (NYSE: MMC), the global professional services firm. For more information, visit www.krollfactualdata.com.
About MRG Document Technologies
Since 1980, Dallas-based MRG Document Technologies (MRG) has provided a variety of mortgage technology products including closing documents, loan modifications, electronic disclosures, fraud prevention and imaging integration to approximately 350 mortgage lenders, banks and credit unions throughout the United States. For more information about MRG, visit www.mrgdocs.com.
Monday, March 23, 2009
Monday, March 16, 2009
MRG Experiences Growth in 2008
LAS VEGAS, March 16, 2009 – MRG Document Technologies (MRG), a provider of mortgage technologies to banks, credit unions and other lenders, announced that its client base increased by 30 new clients in 2008. In addition to growing its client base, MRG added the following enhancements to its services:
- Enabled mortgage brokers and lending organizations to automatically upload documents to MRG for inclusion in document packages through the MIRACLE ONLINE document preparation system
- Developed the one-time close construction/permanent closing documentation for both conventional and FHA residential loans
- Launched eConsent for electronic initial disclosures
- Offered initial disclosures to mortgage brokers in all 50 states
- Enabled lenders to request modification agreements via the Internet through MIRACLE ONLINE
MRG also formed alliances with the following technology providers in 2008 to offer its clients additional benefits:
- Integration with Lydian Data Services to extend MIRACLE ONLINE to Lydian Data Services’ origination fulfillment center customers
- Integration with ComplianceEase to provide access to ComplianceEase’s automated compliance system, ComplianceAnalyzer®, through MIRACLE ONLINE
MRG offers a browser-based system for the preparation and delivery of compliant document packages, electronic disclosures, loan modifications and other services for mortgage lenders, banks and credit unions nationwide. MRG’s products are guaranteed to be in compliance with the most recent legislative and regulatory changes.
About MRG Document Technologies
Since 1980, Dallas-based MRG Document Technologies (MRG) has provided a variety of mortgage technology products including closing documents, loan modifications, electronic disclosures, fraud prevention and imaging integration to approximately 350 mortgage lenders, banks and credit unions throughout the United States. For more information about MRG, visit www.mrgdocs.com.
Monday, March 2, 2009
Media Coverage: Interview with Mike O'Leary in National Mortgage News
Doc Vendors Look to Differentiate
DALLAS-As the mortgage industry has returned to more conventional loan products, document preparation technology has increasingly become a commodity. Now these vendors are fighting back with new features to set themselves apart.
MRG Document Technologies here is a law practice group within Middleberg Riddle & Gianna. This law practice group was established to offer compliance and technology support for disclosure and documentation facing single-family mortgage lenders.
To read the entire article, visit National Mortgage News' Web site.
DALLAS-As the mortgage industry has returned to more conventional loan products, document preparation technology has increasingly become a commodity. Now these vendors are fighting back with new features to set themselves apart.
MRG Document Technologies here is a law practice group within Middleberg Riddle & Gianna. This law practice group was established to offer compliance and technology support for disclosure and documentation facing single-family mortgage lenders.
To read the entire article, visit National Mortgage News' Web site.
Sunday, March 1, 2009
Media Coverage: "Overcoming Legal Roadblocks" by Laura LaRaia in Mortgage Technology
Overcoming Legal Roadblocks
By Laura LaRaia, Attorney and Director of Customer Service, MRG
As mortgage fraud has grown in scope and cost - especially with the onset of technological advances - regulations have tightened and new state and federal laws have grown exponentially.
The most recent regulatory changes require all mortgage lenders to assume a greater responsibility in the fight against mortgage fraud. Lenders are forced into an unfamiliar role: one of having to police the problem.
To read the entire article, visit Mortgage Technology's Web site.
By Laura LaRaia, Attorney and Director of Customer Service, MRG
As mortgage fraud has grown in scope and cost - especially with the onset of technological advances - regulations have tightened and new state and federal laws have grown exponentially.
The most recent regulatory changes require all mortgage lenders to assume a greater responsibility in the fight against mortgage fraud. Lenders are forced into an unfamiliar role: one of having to police the problem.
To read the entire article, visit Mortgage Technology's Web site.
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