MDI Mortgage Bankers Chooses MRG Document Technologies for Compliant Mortgage Document Needs

DALLAS, June 15, 2011 – MRG Document Technologies (MRG) , a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, has been selected by Houston, Texas-based MDI Mortgage Bankers for the creation of loan disclosures and closing packages through its Miracle Online web-based technology.

MDI Mortgage Bankers now utilizes MRG for all of its Texas draws. The lender was seeking a document preparation provider that could decrease turnaround times from the six to eight hours it experienced with its previous provider. The automated transfer of data between the LOS and MRG guarantees MDI Texas document packages within two hours.

“It was unacceptable for us to have to wait a full business day for closing packages,” said Russell Lewandowski, closing manager, MDI Mortgage Bankers. “Through MRG’s guaranteed compliance and seamless integration with our LOS, we quickly have document packages back to our borrowers. We can easily reach MRG for not only technical support, but guidance on compliance issues and with an intuitive, easy-to-use platform, document compliance is automated and no longer a burden.”

MDI’s most time-consuming challenges included maintaining compliance with RESPA fee thresholds, as well as state-mandated mortgage lending rules. Through Miracle Online, the lender’s loan files are run through automated tests such as state and federal high cost, fee thresholds and higher-priced mortgages.

 “Lenders such as MDI Mortgage Bankers have to keep up with the ever-changing regulations at both federal and state levels,” said Kathleen Mantych, senior marketing director with MRG.  “With MRG, loan documents reflect regulatory changes in real time and are delivered quickly, allowing the lender to focus its efforts on providing borrowers with exceptional service.”

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.

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