MRG Partners with ComplianceEase
MRG Document Technologies, a provider of compliance and documentation services, announced Friday its integration with San Francisco-based ComplianceEase, a provider of risk management solutions for the residential mortgage industry, to provide automated compliance auditing for closing documents prepared by MRG. ComplianceEase's automated compliance system, ComplianceAnalyzer, is accessible through MRG's recently launched document preparation system, Miracle Online -- a browser-based system that prepares and delivers customized compliant document packages for mortgage lenders. The integration enables lenders using MRG to immediately access all ComplianceEase tests and reports online. "Combining MRG's customizable document preparation packages with ComplianceEase's comprehensive compliance checks gives lenders an additional incentive to use both companies to deliver a fully compliant loan to the market," said Terry King, group chairman of MRG. There is no additional charge for users to access ComplianceEase via Miracle Online. Lenders sign up directly with ComplianceEase and the integration is handled by MRG. MRG said in a press release Friday that the integration will offer reduced risk exposure, improved asset quality, proactive compliance enforcement and increased cost savings, efficiency and accuracy.