Asurity Technologies Acquires Best-in-Class Residential Document Preparation Platform MRGDocs
WASHINGTON, October 18, 2017 (Newswire.com) - Asurity Technologies (Asurity) announces the completion of its acquisition of Mortgage Resources Group, LLC and the full integration of its MRGDocs platform, an industry-leading document generation platform for the mortgage lending industry.
MRGDocs generates dynamic residential mortgage documents customized to loan type and local, state, and federal consumer lending regulations. Built-in compliance checks analyze each document package, applying TRID capabilities and comprehensive rules based on the monitoring of more than 65 regulatory agencies. It is the only document preparation system that provides full E&O coverage.
“When we started Asurity, we set out to build a holistic platform that provided the best technology solutions to manage regulatory compliance for the country’s financial institutions,” says Luke Wimer, COO of Asurity Technologies. “MRGDocs is the leading document preparation system in the marketplace, and we are excited to welcome them into the Asurity family.”
When we started Asurity, we set out to build a holistic platform that provided the best technology solutions to manage regulatory compliance for the country's financial institutions. MRGDocs is the leading document preparation system in the marketplace, and we are excited to welcome them into the Asurity family.
“For the past 40 years, Mortgage Resources Group’s attorneys and mortgage experts have proactively monitored regulatory changes, trends, and impending regulations that impact the financial services industry and built a technical solution to help the industry effectively manage the compliance of loan origination documents,” says Michael Riddle, president of Mortgage Resources Group, LLC. “We’re thrilled to be a member of the Asurity platform and to unite our missions to support the regulatory needs of the financial services sector.”
MRGDocs’ disclosure, closing document, and servicing document solutions combine years of real estate law experience and in-depth regulatory insights with state-of-the-art technology to competently document mortgage transactions. Each document package is delivered with a series of built-in checks to guarantee compliance with applicable state and federal regulation.
Founded by Andrew Sandler, chairman of Buckley Sandler and CEO of Treliant Risk Advisors, Asurity’s regtech platform delivers innovative compliance solutions to the financial services industry.
Source: Asurity Technologies