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MRG Document Technologies Forms Alliance with Kroll Factual Data
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.
Press Release