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Dallas, TX-Lenders using MRG Document Technologies' Miracle Online document preparation system now have the option to request document modification and loan modification agreements simply by accessing the Internet.
MRG will introduce the new feature - designed to help increase much-needed operational efficiency in times of crisis - at the MBA annual in San Francisco.
"Providing originators with the ability to restructure terms and conditions is a necessary function in light of the current lending climate," said MRG group chairman, Terry King. "Having instant access to loan modification agreements is another step MRG is making toward making the documentation aspect of lending as streamlined as possible."
MRG's Miracle Online, which has been in use for years, is continuously updated to best serve market demand.
The new online package closing option allows lenders to instantly engage in a workout...