McLean, Va., March 19, 2015—VirPack, a leading document management and delivery solution provider to the residential mortgage industry, announced today its partnership renewal as a preferred vendor of Lenders One, a national alliance of independent and suppliers of mortgage products and services.
“VirPack offers Lenders One members, efficiency and reduced costs to their complex loan servicing processes with smarter document and image management and new delivery capabilities,” said Wayland Pond, Senior Vice President for Sales and Marketing at VirPack. “Since 2011, Lenders One members have seen great results from our technology. This partnership allows Lenders One Members to leverage our technology to reduce time spent on managing the typical loan file. We look forward to continuing to offer a great customer experience to the Lenders One members.”
“Lenders One members have access to technologies that can help them achieve competitive advantage through ongoing innovation, and that’s what we intend for our partnership with VirPack to deliver,” said Jeff McGuiness, Chief Executive Officer of Lenders One. “Due to the significant complexity associated with completing a loan, we are always partnering with providers that can help our members achieve a higher level of productivity and profitability. We are excited to continue our partnership with VirPack and its advanced document management and delivery technology.”
VirPack has released several innovations recently that could have benefits for Lenders One members. VirPack’s Automated Document Recognition and Indexing feature can reduce the time it takes a lender to identify and file document images. Through VirPack’s integrations with service providers, documents generated by service providers in this manner are automatically delivered directly into loan files with zero processor labor.
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 loan delivery in 2004. VirPack provides enterprise document management and delivery solutions with automated document indexing, workflow management, integrated web portals for borrowers/originators, LOS interfaces and delivery to over 80 investors and service providers. VirPack’s DMDS platform automates the recognition and indexing of document images as well as the stacking and packaging of loan files to investors and service providers. VirPack’s award-winning technology drives the industry’s premier delivery solution and its end-to-end document management and delivery platform. VirPack simplifies the loan process and creates increased efficiency, helps ensure compliance, and provides significant enterprise-wide cost savings. For additional information, visit www.VirPack.com.
About Lenders One Cooperative
Lenders One (www.LendersOne.com) was established in 2000 as a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services. Members of the St. Louis-based platform originated $200 billion in mortgages in 2014; collectively ranking as one of the largest retail mortgage origination entities in the U.S. Lenders One, more than 280 lender members strong, is managed by a subsidiary of Altisource Portfolio Solutions, S.A.
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