MRG Document Technologies Integrates with Mortgage Builder’s Loan Origination System

- Partnership improves data accuracy, saves time -

DALLAS--(BUSINESS WIRE)-- MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, announced today that its MIRACLE Online electronic document preparation system is integrated with Southfield, Mich.-based Mortgage Builder’s award winning loan origination software (LOS) system.

For lenders operating in several states, such as Texas, closing document packages must be prepared by a licensed attorney. Through the integration, loan data can now be imported directly from the Mortgage Builder LOS into MIRACLE Online where MRG’s in-house staff of attorneys creates the content for the closing packages. This automation alleviates the risk of inaccuracy that can develop with the manual re-keying of data. In addition, Mortgage Builder’s clients benefit from closing documents that are guaranteed to be in compliance with the latest regulatory updates.

“Our goal is to streamline the origination process so our lenders can work more efficiently and cost-effectively,” said Liz Fafette, vice president of operations for Mortgage Builder. “By integrating with MRG, our customers are able to easily move the data between the LOS and doc prep system, improving accuracy and saving time.”

Fafette noted that attention to detail in this aspect of the mortgage process has never been more important to lenders. “Accuracy is essential to prevent repurchase demands in the current environment,” she said. “And with the additional oversight we can expect as the Dodd-Frank Act is enacted, lenders will benefit from the precision this integration brings.”

“Data such as escrow setup, title insurance premiums and county tax stamps can easily be misread and re-entered into the system incorrectly,” said Kathleen Mantych, senior marketing director for MRG. “Direct export from the LOS into MIRACLE Online is especially beneficial for those lenders producing loans in states that require attorneys to prepare closing packages because it cuts a step out of the process. We look forward to assisting Mortgage Builder’s clients with the quicker, streamlined production of regulatory compliant documents.”

About Mortgage Builder

Southfield, Michigan-based Mortgage Builder Software, Inc. has been providing industry-leading loan origination software (LOS) to mortgage banks, community banks, credit unions and other financial institutions since 1998. Mortgage Builder was the first LOS to provide its full capabilities in Application Service Provider (ASP) form, as Software as a Service (SaaS), and in the traditional licensed, server-based configuration, providing complete flexibility to suit all clients’ business models. Mortgage Builder is an end-to-end, “everything’s integrated” lending solution for both retail and wholesale mortgage production channels, automating origination, closing, post-closing, delivery, tracking and reporting functions. Essential enhancements like pricing and product eligibility (PPE), electronic document management (EDM) and electronic loan delivery functionality are built-in and available on demand, while compliant loan documents are provided at no additional cost. The company has been named by Mortgage Technology Magazine as one of the industry’s Top 50 Service Providers for the fourth consecutive year, and was the winner of the magazine’s prestigious 2008/2009 Help Desk Award for outstanding customer service and the industry’s best technical support. For more information, visit www.MortgageBuilder.com.

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.

MRG Document Technologies
Bevin Rochester, 678-781-7215 </p>

Source: MRG Document Technologies