McLEAN, Virginia – August 13, 2020
VirPack is pleased to announce our latest release, VirPack 20.2. This release provides exciting upgrades to our integrations and functionality that significantly improve the end user experience.
Key Features of the 20.2 release include:
API Expansion
- VirPack’s expanded API offers a suite of user management focused calls designed to reduce the operational overhead required in maintaining users manually in multiple systems. VirPack’s new API allows user synchronization between systems, helping to reduce the cost of user maintenance and staff onboarding.
Data Extraction Comparison
- VirPack’s expanded Data Extraction data comparison feature ensures data accuracy across your loan file and reduces the need to manually review data by automatically comparing VirPack loan data to extracted document data. New administrative controls allow configured VirPack data items to be associated with LoanLogic data extraction data fields. Within the View application, users may easily determine if extracted data matches VirPack loan data sourced from a system of record or Loan Operation System (LOS).
DocMagic eSign Integration
- VirPack automatically retrieves signed documents from DocMagic’s eSign platform, facilitating the secure document exchange of sensitive borrower information and alleviating the manual processes incurred in current e-signature and e-closing processes. A robust set of user notifications apprise customers of all DocMagic eSign platform events.
Missing Document Functionality
- VirPack’s document review feature creates a dynamic list of expected documents through business rule driven evaluation of live transaction data, reducing operational oversight, and increasing loan transparency. While usable on all loans with documents, even manually defined documents, VirPack’s Automated Document Recognition feature combined with this business rule driven feature creates a powerful solution focused on improving operations without manual intervention.
About VirPack
VirPack simplifies virtual document management for the lending industry by providing user-centric solutions for loan file management, e-delivery, and file indexing with full text OCR to significantly increase productivity and modernize business operations. A leader in file automation and automated workflows – our solutions replace manually complex and error-prone business processes with accuracy and efficiency for resource-constrained teams. For 20 years we have served the mortgage banking and financial services industries, innovating and creating award-winning technologies and solutions that have enabled customers to gain strategic competitive advantages. For additional information, visit www.virpack.com
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