MRG Document Technologies, a Dallas-based provider of compliance and documentation services for the financial industry, has developed one-time close construction/permanent closing documentation for both conventional and Federal Housing Administration residential loans.
This one-time close documentation is available for both traditional construction as well as manufactured housing construction for all 50 states. Because MRG's in-house compliance attorneys developed the document packages with the consultation of local attorneys for each specific state jurisdiction, each document set is in full compliance with all federal and state lending requirements, the company notes.
‘MRG is committed to providing the most profitable tools for lenders during the current market conditions,’ says Terry King, group chairman of MRG. ‘One-time close construction/permanent products represent a very profitable segment of the market within the mortgage industry.’