Credit Union Selects MRG For Doc Prep

Posted by Orb Staff on March 04, 2010 No Comments
Categories : Mortgage Servicing

MRG Document Technologies (MRG), a provider of mortgage document preparation and compliance technology, says State Employees Credit Union of Maryland (SECU) has selected MRG for its document preparation services.

Linthicum, Md.-based SECU, which has more than $2 billion in assets and serves more than 240,000 members through 19 branches, is the largest state-chartered credit union in Maryland. SECU selected MRG due to the real-time regulatory updates built into the Home Equity Line of Credit (HELOC) document packages and continual compliance monitoring by MRG's team of mortgage banking attorneys, SECU says.

"Managing SECU's mortgage compliance in-house can prove very costly and time-consuming, ultimately affecting member service," says Kevin Kesecker, SECU production manager. "With MRG producing our HELOC document packages, we are guaranteed to be in full compliance and are able to focus more resources on assisting members."

MRG offers a browser-based system for the preparation and delivery of compliant document packages, electronic disclosures, loan modifications and other services for mortgage lenders, banks and credit unions nationwide.

SOURCE: MRG Document Technologies

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