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New technology integrated with mortgage origination documents

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DALLAS, Texas (12/22/10)--In a development designed to make the mortgage origination process both faster and more accurate, MRG Document Technologies (MRG) has integrated its online electronic document preparation system with Mortgage Builder’s loan origination software (LOS) system. For lenders in many states, closing document packages must be prepared by a licensed attorney. Through the integration, loan data can 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. The automation is designed to alleviate the risk of inaccuracy that can develop with the manual re-keying of data. In addition, Mortgage Builder said its clients--including credit unions--will be in compliance with the latest regulatory updates.