MRG News

MRG Document Technologies Teams with Xerox Mortgage Services to Promote Collaboration and Education through Industry Event

djohnson — Tue, 24 Apr 2012 11:18:30 GMT

DALLAS, TX.-April 24, 2012 – MRG Document Technologies (MRG), a leading provider of mortgage document preparation software and compliance technology, and Georgia-based Xerox Mortgage Services are combining their experience and expertise for an educational webinar that will provide lenders valuable insight into the ever changing regulatory challenges facing the market, and innovative approaches to overcoming them.

Doing "business as usual" is no longer the answer for lenders who are looking to effectively deal with extremely complex regulatory requirements. The time to move the industry forward is now. Many lenders are unsure of how these changes will affect their business and what steps they need to take. To that end, they are turning to technology to support compliance and eliminate risks.

The “Supporting Compliance Throughout the Loan Lifecycle” webinar, which will take place on Tuesday, May 15, 2012, at 1:30 pm EDT, will highlight the current state of the regulatory environment and what integrated partners are doing to assist the lending community. Discussion will focus on the importance of change and collaboration and how current rules and regulations are impacting lending.

“The benefit of this collaborative, educational webinar is to assure the marketplace that their concerns are being heard and addressed by the vendor community – action is being taken,” said Kathleen Mantych, senior marketing director, MRG Document Technologies. “In this session, we’ll provide lenders with a “real world” view on the industry landscape and how collaboration between vendors combats the risk of non-compliance, state audits and potentially dramatic fines.”

“Lenders can better support compliance when they have easier access to their data. Solutions such as MRG Document Technologies’ dynamic forms help lenders quickly adapt to new regulations and work more accurately as a result,” said Nancy Alley, vice president and general manager, Xerox Mortgage Services. “This webinar is an example of the benefit lenders gain from the BlitzDocs network, which consists of industry leading companies who have extensive expertise in their respective specialties.”

MRG Document Technologies current collaboration with Xerox Mortgage Services enables their dynamic forms to be seamlessly passed into BlitzDocs® for intelligent collaboration.

About MRG Document Technologies

For over 30 years, Dallas-based MRG Document Technologies (MRG) has provided to the mortgage industry at large an exceptional blend of compliance and cutting edge mortgage technology products and services that go beyond the norm for best of breed in the document compliance space throughout the United States. For more information about MRG, the leader and cut above in compliance and technology visit www.mrgdocs.com.

Xerox®, BlitzDocs® and the sphere of connectivity design are trademarks of Xerox Corporation in the United States and/or other countries.

Recovery Tips - Collaborate. Educate. Innovate. by Kathy Mantych

djohnson — Fri, 13 Apr 2012 17:56:10 GMT

The regulatory landscape continues to change at a rapid pace especially with respect to CFPB, Dodd-Frank, and the HARP 2.0 program with FHFA – how can the industry keep up?

Let's face it, lending has significantly changed over the past couple of years. The pressure on today’s lenders is incredible. This lending environment creates dramatic loan document challenges and risks for lenders. Changing rules, regulations, and the ramifications of non-compliance, including fees, penalties and the possibility of buy-backs make the origination process an escalating challenge. Traditional "doc prep" is no longer the answer when lenders are trying to handle these complex and ever changing requirements.

Most lenders, quite frankly, don't have the time or resources to staff a compliance department that can constantly monitor and accurately interpret the vast number of regulatory changes that are being implemented on federal, state and local levels. Relying on an antiquated forms library to deliver static documents, with limited legal compliance analysts, is no longer a prudent choice, and is a risk that lenders simply cannot afford to take.

These changes are occurring so fast that lenders can’t keep up, let alone understand and interpret every change. This exposes lenders to significant risk and penalties for costly non-compliance.

So how is the industry going to handle these challenges? What does the industry need to do to effectively respond and move forward? The first step is to come together and collaborate to address these real and critically important issues.

We need to come together as vendors, lenders and the industry as a whole to share ideas, express concerns, create awareness, and focus on developing real world solutions. It is this cooperative spirit that will begin to move the industry forward.

Next, with the willingness to collaborate, we need to bring the best minds and leading experts together who understand and are constantly monitoring these regulatory changes. Organizations that not only are aware of these changes but, more importantly, understand what impact they will have on your business. Before we can solve these challenges, we must be educated as to what changes have occurred, how lending will be impacted, what it means to your business and what the cost and ramifications will be for non-compliance.

By understanding this highly volatile regulatory lending environment we can work together to develop solutions that will mitigate risk and compliantly respond to these changes.

With collaboration and the awareness created through education, it is time to introduce innovative solutions to begin to apply methods and approaches that directly address the challenges that lenders are facing. These solutions need to assist lenders in weathering the storm, to not only educate the industry about the climate, but to take the onus of turbulence out of lenders' hands.

Lenders are having to bolt on too many systems and platforms to their lending practices and operations to just keep their head above water. This is especially true when trying to handle today's ever changing compliance requirements. These current market conditions demand an innovative solution that will ease this burden on lenders while delivering compliant content, paperless workflow collaboration all in one seamless solution.

To proactively respond to these market conditions MRG Document Technologies and Xerox Mortgage Services have partnered to deliver lenders with a best-of-breed solution to navigate today’s stringent compliance regulations. Users of Xerox Mortgage Services’ BlitzDocs®, an intelligent collaborative network for electronic collaboration, can now benefit from MRG Document Technologies dynamic document content and compliance.

For instance, lenders can order disclosure documents in the MISMO standard file type from MRG Document Technologies. MRG Document Technologies will leverage its dynamic content capabilities to create the documents and deliver them to the BlitzDocs electronic loan folder (eFolder™). Once in the BlitzDocs eFolder, users can collaborate on the documents with the industry’s disparate parties, such as borrowers, underwriters or closing agents. For an added layer of support for compliance, BlitzDocs also provides an extensive audit trail and tracking capabilities.

MRG Document Technologies and Xerox Mortgage Services will use its partnership to promote collaboration and education through industry events, such as a webinar. By combining MRG Document Technologies legal experience and in-depth knowledge of today’s regulatory environment and Xerox Mortgage Services’ electronic collaboration subject matter expertise, lenders will gain valuable insight into the challenges facing the market and innovative approaches to overcoming them.

Doing "business as usual" is no longer the answer for lenders who are looking to effectively deal with these extremely complex and ever changing requirements. The time to move the industry forward is now. The time to embrace change and eliminate the risk associated with all the rules and regulations is upon us.

Market Analysis - Let’s Take On The CFPB by Tony Garritano

djohnson — Wed, 12 Oct 2011 16:41:00 GMT

The “Know Before You Owe” initiative at the Consumer Finance Protection Bureau began in May of this year when the new watchdog agency asked the public to compare two different draft designs of a new streamlined mortgage disclosure. In the months that followed, the CFPB used that input to help it improve initial draft designs. Altogether, the CFPB received more than 22,000 comments on how to improve mortgage disclosures. When revised disclosures are released it will represent yet one more hurdle for lenders already struggling to keep up with compliance requirements that continue to become more complex. In response to an ever-changing mortgage market, PROGRESS in Lending has learned that document compliance provider MRG has embraced a data-centric approach to document creation that will help lenders comply with this and any other document compliance issue that may arise in the future. Here’s the scoop:

Lending has significantly changed over the past couple of years. The pressure on today’s lenders is enormous. This lending environment creates dramatic loan document challenges and risks for lenders. Changing rules, regulations, and the ramifications of non-compliance, including fees, penalties and the possibility of buy-backs make the origination process an escalating challenge. Traditional “doc prep” is no longer the answer when lenders are trying to handle these complex and ever changing requirements.

Most lenders, quite frankly, don’t have the time or resources to staff a compliance department that can constantly monitor and accurately interpret the vast number of regulatory changes that are being implemented on a federal, state and local level. Unfortunately, the same is true for many traditional “doc prep” providers. Those providers that rely on an antiquated forms library to deliver static documents, with limited legal compliance analysts, are no longer a prudent choice. Relying on outdated, traditional “doc prep” is a risk that lenders simply cannot afford to take in an increasingly “compliance-centric” environment.

To this end, MRG Document Technologies (MRG) delivers complete, real time mortgage compliance directly into the document process – no static document templates for the lender to choose and manage internally. MRG attorneys constantly monitor the ever changing regulatory landscape and provide dynamic document compliance. MRG does not license any third party content or calculations, which allows MRG to fully rep, warrant, guaranty, and defend, its product. The product is backed by an E/O policy from full disclosure through closing packages, including calculations. No more need for an internal compliance staff to manually manage package content or selection, for fear of inaccuracy.

All document and calculation updates are compliantly and automatically delivered in real time. Together with the lender’s chosen LOS for a seamless, “lights out” approach, disclosure packages are drawn within 30 seconds and closing packages in just a couple minutes. Throughout the package request process, loans are checked with industry leading automated loan compliance tests, thus eliminating the need for additional 3^rd party vendor software. In addition, MRG attorneys are available for services regarding general compliance advice, which is built into the overall compliant document solution.

These comprehensive document compliance solutions provide lenders with the ability to enhance their compliance initiatives. It also gives lenders the tools they need to increase loan production, speed up turnaround times, while significantly mitigating risk. By providing a staff of mortgage banking attorneys to lenders, MRG also delivers the support and regulatory monitoring required to ensure loans are meeting the latest regulatory demands.

Lending has changed forever. So too must the lenders document preparation solution. No longer can lenders rely on antiquated form libraries and technology from traditional “doc prep” providers that have limited legal expertise and experience. The risk and exposure is far too great.

In today’s regulatory environment, lenders must demand more from their “doc prep” provider – compliance and dynamic content technology.

MRG Document Technologies Named a Top 50 Service Provider by Mortgage Technology Magazine

bevin — Wed, 10 Aug 2011 09:14:05 GMT

DALLAS, August 10, 2011 – MRG Document Technologies (MRG), a provider of mortgage document preparation software and loan document packages to banks, credit unions and other lenders nationwide, has been named a 2011 Top 50 Service Provider by Mortgage Technology Magazine.

This is the third year MRG has been recognized for its accomplishments, receiving the award in 2008 and 2010. To be named among the Top 50 Service Providers, vendors must meet and excel in four major categories: continued advancement of technology and services, viable revenue model and value proposition to customers, exceptional customer service and a unique impact on the mortgage industry.

Throughout 2010 and 2011, MRG assisted lenders with numerous mortgage compliance initiatives, such as RESPA changes and preparation for the fluctuating Dodd-Frank Act, by automating significant portions of the document creation process. MRG’s clients leverage automated compliance tests that are built into the MIRACLE Online web-based document preparation system and real-time document updates from MRG’s staff of in-house attorneys to ensure accuracy and compliance. The company also made technology changes to assist in managing state-level rule changes in areas such as the Truth in Lending Act and reverse mortgage disclosures.

“We are honored to be named a Top 50 Service Provider and recognized among the other notable companies,” said Mike O’Leary, senior mortgage consultant at MRG. “Despite the current environment in the mortgage industry, MRG has continued to provide its clients with exceptional service, solutions and counsel to help them remain viable in the industry. Our goal is to provide our clients with the convenience and results expected of an in-house doc prep department without the cost.”

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.

Texas Tech Credit Union Selects MRG Document Technologies to Launch First Lien Program

bevin — Tue, 26 Jul 2011 09:20:16 GMT

DALLAS, July 26, 2011 – MRG Document Technologies (MRG), a provider of mortgage document preparation software and loan document packages to lenders nationwide, announced Texas Tech Federal Credit Union has chosen MRG’s Miracle Online platform for its mortgage document preparation needs.

Lubbock, Texas-based Texas Tech FCU began its first lien program in May 2011 and chose MRG’s Miracle Online for its intuitive, easy-to-use interface and regulatory expertise to assist the credit union in ramping up its mortgage lending program and compliance efforts. The credit union mitigates risk with MRG’s automated compliance tests such as state and federal high cost tests, fee thresholds, initial vs. final APR and higher priced mortgage testing. Any discrepancies are reported to the loan officer in real time.

The credit union was able to launch its first lien program with only two staff members and according to Jay Herrin, mortgage banking officer of Texas Tech FCU, they hope to see loan production numbers triple over the next several months.

“First lien programs require more focus on regulations, and as we established our new lending division, we needed a partner who could assist us in compliance and increasing production without adding staff,” said Herrin. “MRG’s fully hosted system provides us with the level of work and attention delivered by an in-house doc prep department without the staffing and technology costs.”

“As new lenders enter the market, they have the burden of keeping up with continually changing regulations,” said Kathleen Mantych, senior marketing director with MRG. “By selecting MRG for its automated mortgage document creation, Texas Tech will be able to focus its time on increasing loan production and member service levels.”

About MRG Document Technologies

Shane Hill Joins MRG Document Technologies as Miracle Online Programmer

bevin — Thu, 14 Jul 2011 08:54:47 GMT

DALLAS, July 14, 2011 – MRG Document Technologies (MRG) , a provider of mortgage document preparation software and loan document packages to banks, credit unions and other lenders nationwide, announced that Shane Hill has joined its technology department.

Hill is responsible for assisting with web programming for the Miracle Online platform and acts as the primary IT contact for client integrations, as well as MRG’s partnership with ComplianceEase. Prior to joining MRG, Hill was the senior software developer for a residential real estate company where he designed and developed the loan tracking site. He was previously a software developer for Allen, Texas-based Advanced Data Spectrum where he helped develop and support one of the nation’s largest mortgage servicing websites.

“Shane brings great experience to the IT team with his specialized financial services software background,” said Michael Riddle, managing partner of MRG. “His time developing data integration solutions with large loan document systems will prove invaluable as MRG works to help clients understand the advantages of using technology to automate data transfer and document preparation.”

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

MRG Document Technologies’ Attorney Addresses Dodd-Frank Implications

bevin — Thu, 30 Jun 2011 08:49:00 GMT

DALLAS, June 30, 2011 – MRG Document Technologies (MRG) , a provider of mortgage document preparation software and loan document packages to banks, credit unions and other lenders nationwide, announced that Marsha Williams, an attorney with the firm, was recently a panelist at the Mortgage Bankers Association (MBA) Legal Issues and Regulatory Compliance Conference.

Williams spoke to conference attendees regarding the changes to disclosures that lenders will see as a result of the Dodd-Frank Act, other legislation and pending regulations. The panel provided an overview of the number of disclosures being required by Dodd-Frank, how both originators and servicers will be affected and how lenders should start preparing for the changes. Williams also spoke about the specific borrower disclosures being required on the state level.

“This year’s Legal Issues and Regulatory Compliance Conference provided a wealth of information to industry attorneys, compliance officers and others who are seeking clarification on the pending regulations,” said Williams. “We strive to keep our clients updated not only on federal-level regulations, but also on those rules being mandated in the states in which they operate. There is a wide array of changes facing all mortgage professionals and MRG is proud to work with industry organizations to educate lenders on how they will be impacted and the best ways to adjust their operations.“

About MRG Document Technologies

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

bevin — Wed, 15 Jun 2011 10:48:38 GMT

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

MRG Document Technologies’ Christina Jenkins Furthers Participation with American Bar Association

bevin — Tue, 17 May 2011 10:39:26 GMT

DALLAS, May 16, 2011 – MRG Document Technologies (MRG) , a provider of mortgage document preparation software and loan document packages to banks, credit unions and other lenders nationwide, announced that Christina Jenkins, an attorney with the firm, was recently a panelist at the American Bar Association (ABA) Real Property Trusts and Estate Spring Symposia and has also been named an ABA Real Property Fellow for the class of 2010-2012.

Jenkins was part of a panel at the ABA Real Property Trusts and Estate Spring Symposia in Washington, D.C. in April. She contributed to the panel titled “Origination Changes and Servicing Challenges That Are Transforming the Mortgage Industry,” and presented on servicing changes facing lenders. The panel discussed the lending process and legislative changes, the impact of the mortgage industry on residential and commercial real estate law practices and the changing role of the real estate attorney in the closing process. Jenkins was joined by two other panelists.

Jenkins was also recently named a member of the ABA Real Property Fellows program, which encourages the active involvement and participation of young lawyers in Section activities. The program’s objective is to provide young lawyers with an opportunity to be involved in the substantive work of the Real Property, Trust and Estate Section, while emerging into future leaders. The Fellowship appointment lasts for two years.

“It is due to our high caliber employees that MRG is able to remain successful and continue to provide its clients with the most up-to-date regulatory changes and the highest level of service and support,” said Mike Riddle, managing partner, MRG. “It is extremely important to go beyond just providing document technology, therefore we encourage our staff to take part in educating the marketplace. MRG is proud of Christina and her hard work in educating legal professionals in the mortgage industry.”

About MRG Document Technologies

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

bevin — Wed, 04 May 2011 07:53:50 GMT

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

Select Employees Credit Union Chooses MRG Document Technologies for Compliant Mortgage Document Creation

bevin — Mon, 18 Apr 2011 08:27:26 GMT

DALLAS, April 18, 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 chosen by Sterling, Ill.-based Select Employees Credit Union for the creation of loan disclosures and closing packages through its web-based MIRACLE Online document preparation technology.

“We knew we had made the right decision after our first discussion with our MRG support contact,” said Susan Branch, CEO of Select Employees Credit Union. “As a credit union with a small mortgage lending staff, constantly fluctuating regulations could have a severe affect on our ability to provide members with the best product while keeping up with legalities. Using MRG, we are supported by a team of mortgage attorneys who drop document changes into the MIRACLE Online platform in real time, leaving us assured that our members are getting the correct information from upfront disclosures to the closing table.”

Select Employees Credit Union serves employees of specified businesses throughout the Sterling, Ill., area. The credit union was seeking a reliable, cost-effective answer to regulatory complications and chose MRG after a recommendation from a business partner. Through MIRACLE Online, MRG provides the credit union with automated compliance updates to its document packages in real time, ensuring that Select is sending its members accurate loan closing information.

“Select Employees Credit Union faces the same challenge as many community institutions – working to increase loan volume while struggling to adhere to a growing number of regulations. With MRG, the credit union is able to add the function of an in-house compliance team, without actually adding the work and the staff,” said Kathleen Mantych, senior marketing director with MRG.

About MRG Document Technologies

MRG Document Technologies Completes eNote Certification Through Xerox Mortgage Services

bevin — Mon, 28 Mar 2011 10:20:35 GMT

DALLAS, March 28, 2011 – MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, has successfully completed full lifecycle eNote certification through Xerox Mortgage Services' BlitzDocs® eVault.

A sample eNote in the form of a MRG Category 1 classified SMARTDoc was successfully delivered to Xerox’s BlitzDocs eVault, a virtual repository that connects directly to the MERS® eRegistry and eDelivery systems, where it was electronically signed and registered. The eNote also went through a series of mortgage lifecycle events, including sale and delivery to end investors, initiation of servicing transfers and pay off events, all without errors. Category 1 requires the most complete data validation of the five SMARTDoc classifications.

“As a document preparation provider, it is imperative for MRG to provide the most advanced document capabilities in the marketplace. eMortgage is going to become the industry standard and we are here to support our customers in the transition to paperless mortgages with a tested, proven eNote,” said Kathleen Mantych, senior marketing director with MRG.

By working with Xerox on its eNote initiative, MRG is able to provide customers with the efficiency of paperless mortgages backed by the security of Xerox’s electronic vaulting services. The Xerox eVault currently manages approximately 20 percent of all the eNotes registered to-date, making it one of the largest eVault providers in the industry.

“Xerox is driving the transition to eMortgages by offering the necessary services to make the move cost-effective and seamless for our customers,” said Nancy Alley, vice president of product management, Xerox Mortgage Services.

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.

MRG Document Technologies Integrates with Associated Software Consultants’ PowerLender Loan Origination Software

bevin — Tue, 15 Mar 2011 08:46:54 GMT

DALLAS, March 15, 2011 – MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, announced that it has completed an integration with Middleburg Heights, Ohio-based Associated Software Consultants (ASC).

The integration gives lenders access to MRG’s MIRACLE Online electronic document preparation system within ASC’s PowerLenderÒ Loan Origination System (LOS). ASC’s customers benefit from the efficiency of automated document compliance and the security of guaranteed compliance backed by a team of mortgage banking attorneys.

“Integrating PowerLender with MRG’s MIRACLE Online enables ASC to further support our customers’ compliance initiatives with the tools needed to increase loan production, speed up loan turnaround times and mitigate risk,” said John Liston, origination products director for ASC. “Lenders also have the added convenience of accessing MRG’s closing packages directly through PowerLender.”

Using the integrated solutions, ASC’s customers reduce loan turnaround time and increase accuracy due to the automated import and export of data between systems. In addition, MRG’s staff of attorneys provides the support and regulatory monitoring necessary to ensure loans are meeting the latest regulatory demands.

“MRG strives to provide the technology and one-on-one support that helps lenders remain ahead of industry changes,” said Kathleen Mantych, senior marketing director at MRG. “With our in-house team of experts and a fully automated system, MRG offers end-to-end compliance support that allows ASC’s customers to conveniently access guaranteed compliant mortgage loan documents customized to their lending program.”

About ASC

Associated Software Consultants (ASC) designs and markets loan automation and secondary marketing software for use by mortgage banks, commercial banks, community banks and credit unions. For additional information about ASC, visit the company’s website at www.asconline.com.

About MRG Document Technologies

Citizens Bank Implements MRG Document Technologies’ MIRACLE Online for Automated Mortgage Loan Document Compliance

bevin — Tue, 01 Mar 2011 08:10:14 GMT

DALLAS, March 1, 2011 –MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, announced Fort Scott, Kan.-based Citizens Bank has selected MRG’s Miracle Online platform for its mortgage document compliance needs.

Citizens Bank, with $290 million in assets, serves Eastern Kansas through eight branches. MRG was selected due to its automated compliance audits and checks in the document preparation system, enhancing the overall lending process by increasing efficiency and decreasing loan turn around times. The bank also benefits from MRG’s integration with its loan origination software (LOS), enabling the automatic import of data between systems.

“For a community bank, mortgage compliance can be an overwhelming burden,” said Neal Barclay, vice president and compliance officer at Citizens Bank. “MRG’s MIRACLE Online, as well as its mortgage attorneys and experts, provides us with guaranteed document compliance. With a team of attorneys researching upcoming regulations and automatically applying the necessary changes to our document packages, we spend significantly less time on compliance and can reduce loan turnaround time by at least a day.”

Citizens Bank is also able to decrease costs by not using resources for upfront disclosures. Through MRG, lenders pay per closed loan. With this pricing model, Citizens Bank is not affected by potential borrowers who receive upfront disclosures, but then do not select the bank’s mortgage services.

“Regulatory changes have hit community institutions especially hard as the technology and programs needed for compliance can be costly,” said Mike O’Leary, senior mortgage consultant for MRG. “For institutions such as Citizens Bank, MRG provides a cost-effective solution that goes beyond technology to give lenders the hands-on assistance of a group of attorneys that are dedicated to monitoring the regulatory landscape and preparing lenders for upcoming changes.”

About MRG Document Technologies

MRG Document Technologies Appoints Evan Kouvaras as Director of Customer Service

bevin — Tue, 15 Feb 2011 10:59:16 GMT

DALLAS, Feb. 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 hired Evan Kouvaras as its director of customer service.

As director of customer service, Kouvaras is responsible for managing MRG’s customer relationships and ensuring the customer service team is knowledgeable about the compliance challenges facing lenders. With more than 15 years experience in the mortgage and financial industries, Kouvaras has held management and training positions with companies such as Morgan Stanley, RBC Mortgage and Northern Trust Company. In these roles, Kouvaras prepared mortgages, notes and all closing documentation, developed electronic document programs and facilitated high customer service ratings and uniform processes.

“Evan brings a strong combination of customer service and technical experience to MRG,” said Michael Riddle, managing partner of MRG. “MRG places significant emphasis on hands-on customer service and Evan’s understanding of the mortgage process, as well as managing teams, will be an asset to the company. We look forward to Evan’s success in fostering rewarding relationships with our clients and providing the thorough and customized services they have come to expect from MRG.”

About MRG Document Technologies