In an announcement made yesterday, MRG Document Technology, a Dallas, Texas based provider of mortgage technologies, has integrated its CompliancePlus data and document process with the Diamond enterprise-wide mortgage loan origination software (LOS) of ISGS, headquartered in Bensalem, Pennsylvania.

By way of this partnership, users of Diamond LOS will have access to compliant loan closing document packages and electronic delivery solutions developed by MRG’s team of lawyers and mortgage industry specialists. Through this partnership, MRG said the lending process will be streamlined by automating each step of the process and ensuring every document is accurate and compliant using the most up-to-date standards.

Nirai Patel, president of products and services at ISGN, said, “ISGN focuses on providing our customers with technology that will truly enhance their businesses processes and by integrating with MRG, those customers are guaranteed the most streamlined, automated approach to ordering and delivering fully compliant loan closing documents.”

By managing all aspects of loan production and completing necessary documentation for the processing of a loan, ISGN’s Diamond enterprise-wide mortgage loan origination software automates the loan process. This single, real-time database includes automation of calculations, submissions, pricing, and decisioning processes.

With a guarantee from MRG that is products are in compliance with the most recent legislative and regulatory changes, the company 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.

“As the regulatory environment continues to grow more complex, ISGN’s Diamond users now have real-time regulatory updates accessible through their LOS. With CompliancePlus, ISGN’s Diamond users have fully integrated data and document compliance from initial disclosures through closing documents,” Mike O’Leary, senior mortgage consultant at MRG, said. “Initial disclosures and loan closing packages ordered through ISGN’s Diamond mortgage loan origination software do not require the ISGN user to make legal decisions about their content.”