Initial Disclosures for Mortgage Brokers in 50 States
MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced the ability to offer initial disclosures to mortgage brokers in all 50 states.
As state legislators throughout the country scrutinize their lending requirements and regulations in the wake of rising defaults and foreclosures, several new policies have been directed towards mortgage lenders and originators. Industry experts expect the trend of tightening regulations to continue, particularly for mortgage brokers.