McLean, Va., March 4, 2015–VirPack, a leading provider of document managementand delivery technology to the mortgage industry, announced today that it has unveiledits Originator Portal product. The innovative web portal enables lenders that useVirPack’s Document Management and Delivery System (DMDS) to provide originatorsnew webbased capabilities that improve originators’ efficiency and make borrower’snonpublic personal information (NPI) more secure.
The Originator Portal is a webbased, intuitive, customizable tool that provides adownloadable list of the documents required for a particular loan, based on predefinedrules. With a single click, an originator can upload a required document or a batch ofloan documents in a secure manner directly to the lender. Originators can also access alist of outstanding documents as well as monitor a loan file any time they want, fromwherever they are, in a secure manner.
“VirPack created the Originator Portal to increase efficiencies for originators and reducethe time they spend on a loan during the origination process, enabling them to closemore loans and generate more revenue for themselves and the lenders that provide theweb portal to them,” said Cy Brinn, chief operating officer at VirPack.
Moreover, because VirPack’s advanced Document Management and Delivery Systemis integrated with the Originator Portal, loan officers and TPOs can communicatethrough a secure message feature with lenders and other business partners, and loandata is synchronized with the data in the loan origination system. Lenders using DMDScan more easily and efficiently comply with regulations and cooperate with auditsbecause an electronic audit trail is created and that makes it faster to review and audit amortgage transaction.
“The Originator Portal was developed with the aim of extending the benefits andefficiency gains from VirPack’s Document Management and Delivery System as well asimprove the efficiency of the document management and communication process withoriginators,” said Brinn.
VirPack is a leading provider of document management and delivery solutions to the mortgage industry.Founded in 1998, VirPack has pioneered many industry firsts, such as the first electronic investor loandelivery in 2004. VirPack provides enterprise document management and delivery solutions with automateddocument indexing, workflow management, integrated web portals for borrowers/originators, LOS interfacesand delivery to over 80 investors and service providers. VirPack’s DMDS platform automates the recognitionand indexing of document images as well as the stacking and packaging of loan files to investors andservice providers. VirPack’s awardwinning technology drives the industry’s premier delivery solution and itsendtoend document management and delivery platform. VirPack simplifies the loan process and createsincreased efficiency, helps ensure compliance, and provides significant enterprisewide cost savings. Foradditional information, visit www.VirPack.com.
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