Texas Tech Credit Union Selects MRG Document Technologies to Launch First Lien Program Credit union ramps up mortgage lending division with automated doc prep provider
July 26, 2011
CNBC-MRG Document Technologies (MRG), a provider of mortgage document preparation software and loan document packages to lenders nationwide, announced Texas Tech Federal Credit Union has chosen MRG's Miracle Online platform for its mortgage document preparation needs.
MRG Document Technologies (MRG), a provider of mortgage document preparation software and loan document packages to lenders nationwide, announced Texas Tech Federal Credit Union has chosen MRG's Miracle Online platform for its mortgage document preparation needs.
Lubbock, Texas-based Texas Tech FCU began its first lien program in May 2011 and chose MRG's Miracle Online for its intuitive, easy-to-use interface and regulatory expertise to assist the credit union in ramping up its mortgage lending program and compliance efforts. The credit union mitigates risk with MRG's automated compliance tests such as state and federal high cost tests, fee thresholds, initial vs. final APR and higher priced mortgage testing. Any discrepancies are reported to the loan officer in real time.