MRG Document Technologies (MRG) and Xerox Mortgage Services have partnered to provide their common customers with DataGlyphs technology, which the companies say enables the automatic classification of scanned and uploaded documents into the BlitzDocs document collaboration suite.
MRG is a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide. With Xerox's patented technology, MRG's customers can embed mortgage loan information into a document using DataGlyphs, which Xerox describes as a sophisticated form of a barcode that acts as a portable database.
The process offers increased security, redundancy and encryption capabilities throughout the course of the loan, the companies say.
Under the new partnership, when documents are printed and signed by the borrower, they can be uploaded directly into BlitzDocs without manual classification or insertion of cover pages.