Texas Tech FCU Inks Deal For MRGs Mortgage Doc Solution
LUBBOCK, Texas – Texas Tech FCU has chosen MRG’s Miracle Online platform for its mortgage document preparation needs.
Texas Tech FCU began its first lien program in May and chose MRG’s Miracle Online for its interface and regulatory expertise to assist the credit union in ramping up its mortgage lending program and compliance efforts. The credit union mitigates risk with MRG’s automated compliance tests such as state and federal high cost tests, fee thresholds, initial versus final APR, and higher priced mortgage testing. Any discrepancies are reported to the loan officer in real time.
The credit union was able to launch its first lien program with only two staff members.