MRG Document Technologies Announces TRID-Readiness

Posted by Patrick Barnard on June 04, 2015 No Comments
Categories : Residential Mortgage

MRG Document Technologies (MRG) reports that its mortgage document preparation software has been updated with the features and functionality lenders need to comply with the Consumer Financial Protection Bureau's (CFPB) new TILA-RESPA Integrated Disclosures rules going into effect Aug. 1.

The firm reports that its in-house legal team worked hard on interpreting the new rules and developing the related features and functionality for nearly two years in order to get it right. The meticulous and comprehensive phased approach took thousands of man-hours in legal research, development and programming, the firm says in a release.

MRG says one of the advantages it has over other doc prep firms is that it can draw on the expertise of its in-house legal and compliance experts to develop a more holistic approach to implementing TRID. The company says its team of attorneys and industry professionals stand ready to assist clients throughout the entire process of preparing for TRID.

‘With the unprecedented regulatory changes that will take place Aug. 1, MRG clients can be assured that what our organization has done is done right – not just ready,’ says Kathleen Mantych, senior marketing director of MRG, in a release. ‘Readiness is about so much more than just delivering a new technology. It's about the complete picture from creation to completion backed by training and education on what it all means and how it affects our clients and their business – that's the game changer.’

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