eConsent Disclosures with MRG Doc Tech
Up-front disclosures a problem? MRG eConsent is the solution!
Now
provide disclosures directly to the borrower in an electronic format,
and enable the consumer to consent to accept, view and acknowledge
documents, all completely online.
Features:
- Electronic delivery and acknowledgment of all federal and state specific disclosures
- Guaranteed
accurate compliance with legislative and regulatory requirements for
federal and state disclosures, as well as ESIGN delivery and consent
rules
- Automated paper and mailing defaults in situations
where borrowers are unable, or fail, to consent electronically within
the 72 hour requirement
- Automated activity reports provided to the lender for up-to-the-minute confirmation and eConsent borrower status verification
Maintaining
trusted regulatory compliance is critical in today's business climate.
Streamlining this process by leveraging technology allows lenders to
reduce cost and increase productivity. MRG specializes in helping
lenders improve efficiency by providing cutting-edge technology
solutions for perfectly compliant documents, backed by the very best
legal research.
The old way of providing three day up-front
disclosures to potential borrowers can be a labor intensive process
that requires printing, mailing, receiving and tracking paper
documents. Insuring compliance, and more importantly, demonstrating to
examiners that the lender is complying with all laws and regulations,
can be a burdensome task. Now, MRG streamlines the up-front disclosure
process by making it completely electronic, and completely auditable.
That means a savings of both time and money!
Lender Requirements
- Additional borrower data elements such as email addresses & personal identity information
Borrower Requirements
- Current version of Internet Explorer or Firefox web browser
- Adobe Reader version 6.0 or higher