Integration Between Doc Prep and LOS Ensures Quick Turnaround for
Loan Document Packages

Press Release
Source: MRG Document Technologies

On Wednesday June 15, 2011, 11:20 am EDT

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, 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.