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Mortgage Loan Documentation

MRG Document Technologies Named in Mortgage Technology Top 50 Service Provider Ranking

 

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 MRG Document Technologies

Since 1980, Dallas-based MRG Document Technologies (MRG) has provided a variety of mortgage technology products and compliance solutions 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.

MRG Document Technologies Strikes Reseller Agreement with RTE Financial Services

Makes MRG’s mortgage loan documents available to additional credit unions

 

DALLAS, December 2, 2009 – MRG Document Technologies (MRG) (www.mrgdocs.com), a provider of mortgage document technologies to banks, credit unions and other lenders, announced it has entered a partnership with RTE Financial Services (RTEfs), a reseller of Web-based software to the financial industry, that enables MRG’s MIRACLE electronic document preparation and compliance system to
be marketed and promoted to RTEfs credit union clients.

 

RTEfs’ knowledge of the credit union industry, coupled with MRG’s MIRACLE mortgage loan products ensures that credit unions are provided with the most up-to-date document compliance measures for their needs, including access to document design, preparation, real-time compliance and electronic delivery, as well as legal expertise regarding federal and state regulations such as RESPA, TIL, HAMP and HVCC from MRG’s team of mortgage banking attorneys. This is especially important to credit unions and other lenders, which face a changing regulatory landscape.

 

“RTE Financial Services understands the complexity of mortgage transactions for financial institutions, including continuous compliance, document selection and integration demands,” said Gary Hess, president of RTE Financial Services. “MRG’s MIRACLE online products provide our clients with secure and efficient ways to navigate these significant issues, keeping them ahead of the curve in the changing financial industry.”

 

“Credit unions have unique mortgage document needs and remaining current on regulations demands constant research and monitoring,” said Mike O’Leary, senior mortgage consultant at MRG. “We look forward to working with RTEfs to ensure that their credit union clients are able to put their document preparation in the control of an experienced team of mortgage experts and attorneys, focusing more time on member service and training staff.”

PRESS:

 

DALLAS, August 29, 2010 - We are pleased to inform you that Dallas-based MRG Document Technologies, has been named a 2010 Top 50 Service Provider by Mortgage Technology magazine

MRG Offers Guaranteed Compliant Reverse Mortgage Documentation

DALLAS, May 4, 2010 – MRG Document Technologies (MRG) (www.mrgdocs.com), a provider of mortgage technologies to banks, credit unions and other lenders nationwide, announced that it now offers reverse mortgage documents in compliance with federal and state regulations for all 50 states.

Recent concern regarding the potential for predatory lending within the reverse mortgage market has led many states to adopt new laws and regulations governing reverse lending. The Federal Housing Administration (FHA) has also responded to demands for increased consumer protection by tightening up its reverse lending requirements. MRG’s mortgage documents are designed to carry the compliance burden associated with these consumer protections.

“With the baby boomers rapidly approaching retirement age, we expect to see an increase in reverse mortgage lending,” said Marsha Williams, an attorney at MRG. “As both federal and state regulations governing reverse mortgages continue to evolve, lenders must ensure that their documentation is fully compliant with all changes. MRG’s staff of attorneys constantly monitors the regulatory landscape and automatically updates the forms, providing our clients full compliance with reverse mortgage laws and regulations now and in the future.”

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.