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MRG and Xerox team to classify mortgage documents

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DALLAS, Tex. (11/1/10)--MRG Document Technologies (MRG), a provider of mortgage document preparations software and compliance technology to credit unions, banks and lenders nationwide, announced that it has partnered with Xerox Mortgage Services to provide DataGlyphs technology, enabling the automatic classification of scanned and uploaded documents into the BlitzDocs collaboration suite. MRG’s customers can embed mortgage-loan information on a document using DataGlyphs, a form of a barcode that acts as a portable database. When documents are printed and signed by the borrower, they can be uploaded directly into BlitzDocs without manual classification or inserting cover pages. “DataGlyphs enable MRG's customers to easily classify documents in BlitzDocs and benefit from technology that simple barcoding lacks--automating and accelerating the mortgage lending process,” said Todd Moncrief, vice president of business development at Xerox Mortgage Services. "With our customers delivering tens of thousands of loans into the secondary market using BlitzDocs, we are committed to enhancing our solution with advanced technology that streamlines document management processes and reduces costs,” he added.