MRG platform features automated compliance audits and checks in the document preparation system, which enhances the overall lending process by increasing efficiency and decreasing loan turn around times.
MRG also claims that the bank will also benefits from MRG’s integration with its loan origination software (LOS), enabling the automatic import of data between systems.
Citizens Bank vice president and compliance officer Neal Barclay said MRG’s MIRACLE Online, as well as its mortgage attorneys and experts, provides them with guaranteed document compliance.
"With a team of attorneys researching upcoming regulations and automatically applying the necessary changes to our document packages, we spend significantly less time on compliance and can reduce loan turnaround time by at least a day," Barclay said.
