MRG Document Technologies announced it’s offering reverse mortgage documents in compliance with federal and state regulations for all 50 states.
With the increase in new state laws and regulations governing reverse mortgage lending, MRG said its mortgage documents are designed to carry the compliance burden associated with these consumer protections.
“With the baby boomers rapidly approaching retirement age, we expect to see an increase in reverse mortgage lending,” said Marsha Williams, an attorney at MRG.
“As both federal and state regulations governing reverse mortgages continue to evolve, lenders must ensure that their documentation is fully compliant with all changes. MRG’s staff of attorneys constantly monitors the regulatory landscape and automatically updates the forms, providing our clients full compliance with reverse mortgage laws and regulations now and in the future.”
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.