Joint endeavor with MRG Document Technologies addresses legal and regulatory requirements
AGOURA HILLS, Calif.--(BUSINESS WIRE)-- Interthinx announced today that it has joined forces with MRG Document Technologies group at Middleberg Riddle & Gianna, one of America’s preeminent mortgage banking law firms, to offer an attorney-backed compliance service aimed at helping financial institutions meet new legal and regulatory compliance requirements.
“In this new environment, lenders are faced with increased compliance demands with less margin for error. Most originators do not have sufficient in-house staff or expertise to address these issues,” noted Roger Fendelman, vice president of compliance for Interthinx.
Attorney-backed compliance provides independent file reviews and expert loan file analysis to help protect mortgage lenders from common compliance mistakes. This service combines sophisticated technology with expert review performed by Interthinx mortgage compliance specialists and the experts at MRG Document Technologies. Interthinx offers a nationally recognized staff that includes compliance attorneys, certified fraud examiners, certified mortgage bankers, and certified review appraisers. Middleberg Riddle & Gianna and its practice group, MRG Document Technologies, combine a single collaborative unit of top-flight attorneys with extensive experience focused on delivering document solutions that represent best practices for mortgage document preparation. Together, the two firms can provide detailed compliance reviews without the need for system integration.
“We understand the increased pressure on lenders to be fully compliant with the ever-changing legal and regulatory requirements,” said Michael L. Riddle, managing partner of Middleberg Riddle & Gianna. “That’s why we established this service with Interthinx to provide content analysis for lenders.”
Interthinx, a Verisk Analytics (Nasdaq:VRSK) subsidiary, is a leading national provider of comprehensive risk mitigation solutions focusing on mortgage fraud, collateral risk and valuation, regulatory compliance, forensic loan audit services, loss mitigation, and loss forecasting. With more than 20 years of experience in customizable risk evaluation technology, Interthinx offers proven and effective predictive analytics to the residential mortgage industry through its experience with millions of loan applications and fraud incident data from thousands of monthly loan reviews. Throughout the mortgage life cycle, the Interthinx suite of services can increase the value of client portfolios with its comprehensive and holistic approach to loan quality and compliance. Winner of multiple awards for technology, Interthinx helps clients reduce risk, increase operational efficiencies, satisfy regulator demands, manage data verification, remain compliant,and mitigate loan buybacks. The Interthinx quarterly Mortgage Fraud Risk Report is a standard for the financial services industry. For more information, visit www.interthinx.com or call 1-800-333-4510.
About MRG Document Technologies and Middleberg Riddle & Gianna
MRG Document Technologies is a practice group within the law firm of Middleberg Riddle & Gianna, whose principal office is located in Dallas, Texas. For over 30 years, MRG Document Technologies has provided to mortgage lenders an exceptional blend of compliance and cutting-edge mortgage technology products and services in the document compliance space. For more information about MRG visit www.mrgdocs.com and www.midrid.com.
Rick Grant, 800-979-9049