MRG and Byte Software Alliance Provides Fully Compliant Closing Documents Through Miracle DocPrep, BytePro Interface.
The interface was completed in November and provides mortgage lenders and brokers with closing documents for A paper, sub prime, HELOCs, option ARMs and other lending products. When users of the system request loan closing documents through the automated interface between BytePro and Miracle DocPrep, data is transferred to MRG and the document packages are prepared and sent back to the user. The seamless integration speeds up the document request process and simplifies the way loan closing documents are ordered.
"We have had a great working relationship with MRG since 2000, when the company became a Preferred Closing Document Partner," said Joe Herb, general manager of Byte Software. "This initiative offers our customers' additional options that can help them leverage the strengths of our new alliance partner into a competitive advantage for themselves."
"This interface is a tool that enhances the lender's work flow process," said Terry King, group chairman of MRG. "Offering MRG's document preparation services through BytePro enables mortgage lenders to more efficiently request and deliver loan products to their customers."
MRG provides document preparation services throughout the country with a variety of secure delivery options. MRG's forms and documents offer fully customizable interfaced systems and real-time automated compliance testing. Lenders benefit from the increased flexibility because the documents 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 document preparation services are also available through Byte Classic, Byte Software's previous LOS system.
BytePro is Byte Software's LOS and streamlines all processes used during origination together in one solution. Using BytePro's user-friendly platform, originators and processors can access functions that have the ability to synchronize piggyback of first and second loans as well as initiate automatic alerts, security settings and color-coding features.
About Byte Software
Byte Software is a leading provider of loan origination software to brokers, banks and credit unions. The BytePro solution streamlines all the processes used by originators and processors, allowing them to close more loans in less time with fewer mistakes. Byte Software is a wholly owned subsidiary of CBCInnovis, a leading provider of real estate settlement services. To learn more about BytePro and Byte Software, visit www.byte-cbc.com or call 800-695-1008.
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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|Date:||Dec 1, 2005|
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