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MRG Document Technologies Forms Alliance
with Kroll Factual Data
- Alliance provides lenders with additional mortgage fraud protection during doc prep phase -
DALLAS, March 30, 2009 – MRG Document Technologies (MRG), a provider of mortgage technologies to banks, credit unions and other lenders, announced an alliance with Kroll Factual Data, a provider of business information solutions to financial organizations and subsidiary of Kroll Inc., the world’s leading risk consulting company, to provide MRG clients access to three of Kroll Factual Data’s risk assessment products, FactualID, FullFacts and CollateralFacts.
These programs assist MRG’s lenders in not only identifying potential fraudulent activity, but also with implementing their “Red Flags Rule” plans, the federally mandated identity theft prevention programs that lenders must have in place by May 1. The fraud tests are available through MRG's electronic document preparation and compliance software, MIRACLE Online. Since the tests can be ordered from MIRACLE Online, no additional set-up is required.
“Kroll Factual Data's risk assessment products comprehensively identify borrower, collateral, participant and transactional misrepresentation by combining advanced, knowledge-based analytics with industry leading flexibility,“ said Jeff Gentry, VP of Kroll Factual Data.
“Compliance with federal and state lending regulations is of utmost importance in today’s mortgage industry, and lenders need technology partners who can help them meet the demands of the changing regulatory landscape,” said Mike O’Leary, senior mortgage consultant with MRG. “Creating relationships such as this one with Kroll Factual Data provides our lenders with additional mortgage fraud protection without the need to manage additional vendor relationships.”
MRG offers a browser-based system for the preparation and delivery of compliant document packages, electronic disclosures, loan modifications and other services for mortgage lenders, banks and credit unions nationwide. MRG guarantees that its products are in compliance with the most recent legislative and regulatory changes.
About Kroll Factual Data
Kroll Factual Data is a leading provider of business information to mortgage lenders, consumer lenders, property management firms and other businesses. For more than 20 years, Kroll Factual Data has helped business make prompt, accurate decisions by combining innovative services with cutting-edge technology and industry-leading customer service. Kroll Factual Data is a subsidiary of Kroll, the world’s leading risk consulting company. Kroll is a subsidiary of Marsh & McLennan Companies, Inc. (NYSE: MMC), the global professional services firm. For more information, visit www.krollfactualdata.com.
About MRG Document Technologies
Since 1980, Dallas-based MRG Document Technologies (MRG) has provided a variety of mortgage technology products including closing documents, loan modifications, electronic disclosures, fraud prevention and imaging integration to approximately 350 mortgage lenders, banks and credit unions throughout the United States. For more information about MRG, visit www.mrgdocs.com.
Kroll Factual Data provides powerful solutions that help our clients make qualified and confident business decisions that transfer risk, enhance safety and soundness, and increase profitability