Atlanta, GA and Dallas, TX (May 17, 2012)- The StoneHill Group, a nationwide provider of quality control audits,fulfillment, due diligence and FHA insuring solutions for mortgage originators, announced a strategic alliance with MRG Document Technologies (MRG), a leading provider of mortgage document preparationsoftware and mortgage compliance technologyand expertise that maximize profits and reduce costs for mortgage bankers. This alliance has, and will continue to, add value to clients of The StoneHill Group throughthe use of MRG’s CompliancePlus solution.
“Mortgage companies, Credit Unions and Banks will benefit from this partnership because the management teams share a passion for quality in theservices provided.” said David Green, president of The StoneHill Group. “Our management and staff have direct experience in the origination, underwriting, closing, post-closing, sales, and administration of file assets. It’s a win-win across the board for mortgage loan originators.MRG will deliver accurate, compliant document packages and complete the legal reviews required bystate law in TX. StoneHill will do the heavy lifting of reviewing the files and delivery to investors and the GSE’s.”
The StoneHill Group takes every measure to insure compliance, understanding that being SSAE 16 certified is extremely important to banks, credit unions and independent mortgage companies. It is definitely a positive variable cost alternative.
MRG’s CompliancePlus represents a robust solution to the escalating demands of the regulatory environment ensuring compliance control integrated with the document preparation process. “By incorporating MRG’s CompliancePlus into services offered by The StoneHill Group, the lender benefits from MRG’s compliance coverage and an integrated DEFENSEof the content and compliance calculations,” said Mike Riddle, Managing Partner.
Regulatory reform is underway led by the efforts ofthe Consumer Financial Protection Bureau, and the rules for real estate financing are changing. Lenders that use a service provider which is tightly integrated with a nationally recognized compliance provider for theirQC, fulfillment and due diligence requirements are provided safeguards against mistakes and borrower or investor recourse. The partnership of The StoneHill Group and MRG Document Technologies brings confidence and competence to the mortgage banking community.