MRG Offers HAMP-Compliant Documentation

Posted by Orb Staff on July 08, 2009 No Comments
Categories : Mortgage Servicing

cument Technologies (MRG) has begun offering servicers loan modification document packages that are compliant with the Home Affordable Modification Program (HAMP). MRG's HAMP package includes documents that outline both the terms of the trial modification period and the terms of the modification itself. In addition to meeting HAMP requirements, MRG also offers other loan modification packages, as well as a browser-based system for the preparation and delivery of compliant document packages and electronic disclosures. HAMP modification agreements require more documentation than traditional modifications, says Laura LaRaia, director of customer service at MRG. "It has been our experience that the program has evolved over the last few months, and lenders need to continuously update their documents to maintain compliance," she says. "MRG's staff of attorneys not only monitor the various regulatory and investor Web sites and update packages as needed, they also interpret how additional regulations affect the modification process now and going forward for our lending and servicing clients." SOURCE: MRG Document Tec

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