MRG Document Technologies (MRG) gets selected by Bank of New England

Bank of New England Selects MRG For Document Preparation Services

Dallas, June 25, 2008 – MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced that Bank of New England, a Salem, N.H.- based bank providing financial and lending services throughout central and southern New Hampshire, the Merrimack Valley and the greater Boston area, has selected MRG for its document preparation services.

The lender selected MRG in May 2008 for its strength in compliance systems and for its access to compliance attorneys for legal services. MRG also provides Bank of New England with warranties and representations on all closing document packages, which are fully backed by errors and omissions coverage.

“Bank of New England is entering the mortgage business at a time when many other lenders are getting out, and we wanted to have the most efficient processes and technologies in place in order to capitalize on the changing mortgage landscape,” said Michael Gillis, vice president of Bank of New England. “ We highly value MRG’s guaranteed state compliance for origination disclosures and closing packages because while we currently lend in multiple states, we intend to grow into new ones in the future.”

”We encourage lenders to speak with MRG’s existing clients to find out how our document preparation services are a good fit for their organizations,” said Terry King, group chairman of MRG. “After speaking with another area lender, Bank of New England decided that using MRG’s products to simplify and improve the lending process can help it secure a prominent place in today’s residential mortgage industry.”

MRG offers a browser-based system for the preparation and delivery of compliant document packages for mortgage lenders nationwide. The specific needs of the individual lenders are met through customized document packages, designed by in-house legal professionals and IT specialists. MRG also offers a variety of delivery options for document packages using e-mail and Web site delivery.

 

About Bank of New England
Headquartered in Salem, N.H., Bank of New England, formerly known as Southern New Hampshire Bank and Trust, operates five bank branches in New Hampshire and three additional bank branches in Massachusetts. Established in 1995 by its Chairman Emeritus Bill DeLuca Jr. and Chairman of the Board Bill DeLuca III, the bank has focused primarily on commercial lending and has a loan portfolio comprised primarily of commercial real estate investment and construction mortgages. For more information about Bank of New England visit, www.snhb.com

 

About MRG Document Technologies
Founded in 1980, Dallas-based MRG Document Technologies (MRG) is the mortgage document practice group within Middleberg Riddle & Gianna, a mortgage regulatory law firm. MRG designs, maintains and warrants as compliant more than 3,000 lender-specific electronic disclosure and closing documents for approximately 350 mortgage lenders, banks and other financial institutions throughout the United States. The company’s loan documents are guaranteed to be in compliance with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.

 

 Press contact:   Sarah Cannon                   
                        MRG Document Technologies   
                        (678) 781-7216                

 

 

 

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