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Special Reports
Document Services
MRG Releases Updated Doc Preparation Solution
By Jennifer Harmon
MRG Document Technologies here, a provider of document preparation services for
the financial industry, is releasing Miracle Online version 7.0, the next generation of its browser-based document
preparation system.
The revamp of Miracle Online features more user-friendly screens and dynamic interactive forms, according to the
company. It also accelerates the lender's closing process by providing LOS data integration, program customization,
investor-specific document formatting and compliance editing.
The new enhancements include better validation and error correction. Fields with errors are now highlighted and
the "popup" error alerts have been replaced with two new enhancements that identify and resolve errors,
the Errors Screen and the Loan Wizard.
Changes include enhanced upfront disclosure and good faith estimate processing. Users that depend on MRG for upfront
disclosures can identify parameters of GFE use within the organization. GFE-only users then just see screens pertinent
to their tasks. The new "Order GFE Packages" screen also permits multiple disclosures to be ordered for
loans where data entry has already been completed. "Miracle Online 7.0 provides user-friendly features and
functions for lenders and provides them with a more streamlined integrated process for ordering and receiving customized
loan documents," said Terry King, group chairman of MRG. "Through version 7.0, the process is now faster
and easier, which helps everyone in the document receiving chain."
MRG prepares fully customizable loan closing documents and forms for use throughout the U.S. through its interfaced
system. Designed by legal professionals and IT specialists, the company says loan applicants and lenders benefit
from the immediate and cost-effective customization of the documents to each lender's specific documentation needs.
"Our company's success hinges on the quality of the documents we deliver to our customers," said Gregg
Young, chief technology officer, MRG Document Technologies, which uses PTC Arbortext solutions for its publishing
system to deliver on-demand closing documents to large lenders, independent mortgage brokers and agents.
PTC Arbortext solutions enable companies to automate the assembly and publishing of product and service information
in multiple languages and media formats.
MRG uses Arbortext throughout its organization to create and publish mortgage documents that are based on loan
type, term, lender, as well as county, state and federal regulations. "The Arbortext solution enables a less
costly and more efficient process to automatically produce higher-quality information, leading to more satisfied
customers and longer-term business relationships," he said.
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