MRG and World Wide Notary Form Alliance to Provide e-Closing and e-Notarization Through DocPrep Platform.DALLAS -- MRG MRG Merge MRG Minority Rights Group International MRG Mad River Glen (Vermont) MRG Mouvement des Radicaux de Gauche (French: Left Radical Movement) MRG Manyetik Rezonans Görüntüleme Document Technologies (MRG), a provider of document preparation services for the financial industry, announced that it has formed an alliance with Vernon, Texas-based World Wide Notary notary or notary public Public officer who certifies and attests to the authenticity of writings (e.g., deeds) and takes affidavits, depositions, and protests of negotiable instruments. (WWN WWN World Wide Name WWN Weekly World News WWN World Wide Network WWN With Winch WWN World Wide Net, Inc. WWN World Webcasting Network WWN Wizarding Wireless Network WWN World Wide Number WWN Workshop Website Network ) to develop an interface between MRG's Miracle DocPrep platform and WWN's DigaSign's e-closing and e-notarization applications. The agreement enables MRG to provide mortgage lenders with a seamless, end-to-end electronic solution for processing loans. The company's lending customers will now be able to electronically post, review, close, record and file completed electronic mortgage documents. "This partnership moves MRG's customers the next step closer to the realization of the e-mortgage," said Bob Rice, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of World Wide Notary. "When accessing MRG's Miracle DocPrep documents through WWN's DigaSign application, lenders can have error free document packages that are fully compliant and electronically delivered, fully notarized, within minutes of closing." "MRG's alliance with WWN is an expansion of the services we provide to our customers in order to give them technology solutions that simplify the way they do business," said Terry King, group chairman of MRG. "The new services available through Miracle DocPrep will enable our clients to provide better value and service to their own customers by reducing turn-around time and delivery costs of closing documents, and enhancing their levels of compliance." MRG provides document preparation services including fully customizable interfaced systems, Web and email delivery and real-time automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. compliance testing. The company's forms and documents offer lenders increased flexibility because they are designed by MRG's staff of legal professionals and IT specialists and allow quick, cost-effective customization to meet each lender's specific mortgage documentation needs. MRG offers products such as A-paper, sub-prime, option ARM lending programs and HELOCs to correspondent lenders throughout the country with a variety of delivery options using email and Web site delivery. DigaSign is WWN's Internet based notarization service that enables multiple parties to sign documents from different locations during a real estate closing. Using a biometric signature An authentication method that uses the dynamics of a person's handwritten signature. The pen pressure and duration of the signing process, which is done with a stylus on a touch screen or digital-based pen tablet, is recorded as an algorithm that is compared against future signatures. pad, the buyer can review and sign once and have the appropriate signatures, initials and notarizations placed throughout the document. Within seconds, authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: parties can retrieve the electronic documents for review. About World Wide Notary Vernon,Texas-based WWNotary, L.L.C., the leading provider of electronic notary services, is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation . Pioneering electronic signatures, as early as 1996, WWNotary's management team has years of experience in the Internet technology industry working with stringent Federal mandates, such as HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, , E-SIGN and UETA UETA Uniform Electronic Transactions Act , regarding security and the use of electronic and digital signatures. For more information about World Wide Notary, visit www.wwnotary.com. About MRG Document Technologies Dallas-based MRG Document Technologies designs, maintains and warrants as compliant, electronic documents for the mortgage industry. Founded in 1980, the company has more than 400 customers including lenders of all sizes, located nationwide. With more than 150 employees, MRG is dedicated to bringing more than 3,000 lender-specific forms and documents, guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com. |
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