DALLAS, Texas, June 17, 2014 (GLOBE NEWSWIRE) -- via PRWEB - MRG Document Technologies, the mortgage compliance practice team within the Middleberg Riddle Group (MRG), a leading provider of mortgage document preparation software and legal compliance, today announced a business relationship to enhance the preparation of Release of Liens for CoreLogic clients.
CoreLogic provides post-closing document processing services for some of the nation's largest mortgage lenders and servicers. With the new agreement, MRG will be delivering a critical component of the CoreLogic lien release service by supporting compliance with all state Unauthorized Practice of Law (UPL) statutes, as well as various additional state and federal regulations.
In this unsettled regulatory climate, it's paramount that mortgage servicing processes be in compliance. Critical to the compliance process is making sure that mortgage servicing documents themselves correctly reference the security instrument that is to be assigned or released, and is presented in a format that meets the appropriate state and/or county guidelines.
For many years, mortgage servicers applied the same processes across varying types of servicing document filings, foreclosure processes and state and county requirements. The "all purpose" way of doing business has presented significant problems in the servicing industry over recent years, which has led to a heightened level of regulatory oversight. Due to the unique nature of each step of the mortgage servicing process, the level of oversight and expertise required to manage this process can be challenging, with errors leading to non-compliance, fees levied and filing rejections due to missing or incorrect data or improperly drafted documents.
As such, many lenders and servicers are choosing to partner with third party providers, who offer a long history and track record of proven technology and compliance expertise in this area. These service providers are able to help eliminate incorrectly recorded or rejected documents resulting from the document not prepared according to jurisdictional requirements. "We are honored to accept this representation and feel privileged to have CoreLogic as a client," said Mike Riddle, MRG's managing partner. "MRG has the software system, compliance expertise and knowledge in place to accurately address the needs of CoreLogic head on."
"The CoreLogic collaboration with MRG Document Technologies is so important for our clients. It offers them a single source solution for full legal and compliant lien release processing nationwide," said Bill Steinmetz, vice president at CoreLogic. "We are pleased to be able to offer the expertise and capabilities of MRG to our mortgage servicing clients. MRG has a long established reputation for quality and dedication to client satisfaction in the industry. They possess the robust resources and technical prowess that CoreLogic, and our clients, require."
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About MRG Document Technologies
For over 35 years, Dallas-based MRG Document Technologies (MRG), a practice group within the Middleberg Riddle Group, one of America's preeminent mortgage banking law firms, has provided to the mortgage industry at large an exceptional blend of compliance and cutting edge mortgage technology products and services that go beyond the norm for best of breed in the document compliance space throughout the United States. For more information about MRG, the leader and cut above in compliance and technology visit http://www.mrgdocs.com .
MRG Document Technologies Media Contact
Michael Hammond JD, CMT
NexLevel Advisors LLC
Media Contact for
734-335-7330
mhammond(at)nexleveladvisors(dot)com
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NexLevel Advisors Michael Hammond +1 7343357330
