Modifications from MRG Doc Tech
MRG offers a
sophisticated array of robust solutions for the complex issues
surrounding your loan modification requirements. We have the technology
and the compliance system skills needed to design, implement and manage
successful modification programs and modification process workflows.
integrated workflow management, tracking and documentation software can
fully automate the most demanding modification processes, taking
initial decisioning data and moving it through all of your customized
modifications steps. These can include ordering and evaluating title,
communicating with your borrower, electronically delivering
appropriately selected documentation, delivering documents via
overnight mail, securing electronic or "wet ink" signatures and
managing recordation and return of documents when necessary.
State-of-the art dashboard tracking and reporting provide full
management visibility to all of the steps in the workflow, all in a
fully real-time and interactive online application.
truly custom modification packages begins with the forms. Our unique
combination of compliance skills and cutting edge technology can
quickly equip any lender with the ability to adjust and modify
individual loans or large blocks of loans in your portfolio. We
maintain documents and systems to effect a variety of modification
- ARM to fixed rate
- Fixed rate with a temporary or permanent interest rate reduction
- Pay option ARM to fixed rate
- Pay option ARM to regular ARM
- ARM with first change date extension
- HELOC to fixed rate second lien
Modification package preparation can involve multiple elements:
- Is a Truth in Lending Disclosure Statement required? If so, it is included at no cost.
- What other documents need to be included in the package? All are included at no cost.
- Is there a cover letter and what information is required? If so, it will be designed and included without any additional charge.
you decide on the format and content of the documents, and the package
content is established, the data elements required to complete the
forms will be determined and the resulting modification packages will
be transmitted electronically, with all electronic security
requirements included, in an agreed format between the lender and MRG.
If manual data entry is required, the method by which the required
information is received will be determined and a process established.
There are multiple delivery options for executable documents, including electronic delivery with eConsent by your borrower.