MRG Document Technologies (MRG), a provider of document preparation software, reports that SeaTac, Wash.-based Elliott Bay Mortgage has selected MRG's Miracle Online platform to automate compliance within its mortgage document packages.
Elliott Bay, a division of Mortgage Brokers Services Inc., is a locally owned, full-service mortgage company serving the northwestern U.S. The company was referred to MRG by a fellow lender.
‘We work to ensure that our customers have the correct loan product to suit their current and future needs, which means spending significant time on education and service,’ explains Paul Bina, CEO of Elliott Bay. "Through Miracle Online, our compliance tests are automated, and with a team of in-house compliance experts and attorneys creating the content, we know that each document has been updated with the latest regulatory changes. Additionally, the system is easy to use, with an understandable workflow."
Using MRG's technology, Elliott Bay is able to automate data entry and compliance testing, such as high-cost testing, fee allowances and other state and federal restrictions. MRG also provides all necessary documents built to each of Elliot Bay's investor's specifications, the companies say.
SOURCE: MRG Document Technologies