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McLean, Va., March 23, 2015 – VirPack, a leading provider of document management and delivery technology, announces with great pride that Michael J. Coar Jr., founder, president, and CEO of the company was named a Mortgage Banking Tech All­-Star by the Mortgage Bankers Association and Mortgage Banking magazine. Coar was recognized for having made outstanding contributions to the field of mortgage technology.

“I am extremely proud to be selected for this award and for the excellent reputation that VirPack’s Document Management and Delivery System (DMDS) has achieved because of our focus and commitment to developing innovations that improve efficiencies, reduce mortgage manufacturing defects, and help ensure compliance with Consumer Finance Protection Bureau and state regulations,” said Coar. “Our team will continue to innovate and to support lenders with outstanding technology that delivers a sustainable competitive advantage.”

Coar will be presented with the award at a ceremony on March 29 at 5:30 p.m. in the Regency Ballroom Foyer, during the MBA’s National Technology in Mortgage Banking Conference & Expo.

“As the market continues to evolve, and customer habits and expectations change, technological innovation is more important than ever to ensure a strong housing market,” said MBA President and CEO David Stevens. “But change does not emerge in a vacuum. The MBA is honored to once again recognize the men and women who have led the way by creating and advancing new technologies on behalf of consumers, investors, and lenders.”

About VirPack
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.

Press Contact:
Matt Strickberger
Managing Partner
OnPoint PR and Consulting LLC