Helena Community Credit Union Selects MRG Document Technologies for Automated Document Compliance

DALLAS, May 4, 2011 – MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, announced Helena, Mont.-based Helena Community Credit Union (HCCU) has selected MRG’s Miracle Online platform for its mortgage document compliance needs.

HCCU serves four nearby counties through its three branches. The credit union selected MRG based on a referral from a fellow lender, as well its relationship with the credit union’s loan origination software (LOS). MRG’s lights out integration with the LOS enables HCCU to utilize capabilities of its LOS that were not accessible through its previous document preparation provider, including the automatic export of data from the LOS into the doc prep system. The credit union also now has access to automated compliance tests such as state and federal high cost tests and fee thresholds that are intuitively run on loan files.

“The transition to MRG’s MIRACLE Online has been seamless and its customer service is outstanding,” said Jessica Michel, real estate loan processor, Helena Community Credit Union. “MRG’s in-house attorneys and automated tests have taken the compliance burden off our shoulders. The Miracle Online platform contains far more capabilities than our previous system and its integration capabilities help us better leverage the data within our LOS and continue to offer excellent service to our members.”

The credit union will soon begin using electronic document delivery to further reduce the time associated with closing loans.

“Compliance remains an industry wide issue and it is increasingly important for credit unions to shorten the time it takes to provide documents to their members while meeting regulatory demands,” said Mike O’Leary, senior mortgage consultant for MRG. “HCCU can expect to see significant time savings due to MRG’s electronic document delivery and, with guaranteed compliance, can focus its efforts on ensuring each member has the right loan for their needs.”

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.

Press Release