MRG Document Technologies, a provider of compliance and documentation services for the financial industry, said Monday that it had enhanced its MIRACLE ONLINE document preparation system to comply with key statewide requirements for lending in both California and Maine. For California loans, MRG will now provide a completed document to satisfy the California Department of Corporations’ requirement to supply a Nontraditional Lending Disclosure, when a loan is considered a nontraditional product. MRG’s system calculates results using the lender’s products and terms as specified in MIRACLE, and as required by the regulation. In Maine, MRG said its MIRACLE platform now includes a screen for completion of the Maine Reasonable, Net Tangible Benefit Disclosure. “As states announce new lending regulations to reflect current market conditions, MRG’s systems continue to evolve,” said Terry King, group chairman at MRG. For more information, visit http://www.mrgdocs.com.
MRG Enhances DocPrep System to Meet New State Requirements
Most Popular Articles
Latest Articles
Lower mortgage rates attracting more homebuyers
An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]
-
Rocket Pro TPO raises conforming loan limit to $802,650 ahead of FHFA’s decision
-
Show up, don’t show off: Laura O’Connor is redefining success in real estate
-
Between the lines: Understanding the nuances of the NAR settlement
-
Down payment amounts are exploding in these metros
-
Commission lawsuit plaintiff Sitzer launches flat fee real estate startup
