Technology for Lenders
Features for Processors
Listed below are some key functionalities of the VirPack platform that help Processors.


Rules-Based Tasking
Benefit: VirPack will automatically generate tasks based on your defined criteria in the loan to help ensure there are no gaps in the loan process.

Early Detection
Benefit: Data Extraction allows early detection of loan discrepancies between LOS data and document data helping to ensure a timely loan close.

Vendor Integrations
Benefit: Direct integrations with e-signing technologies ensures that executed documents are captured automatically at the time of signing.

LOS Integrations
Benefit: Ensure a seamless workflow allowing users to access VirPack with a single click, automatically posting loan documents.

Custom Views
Benefit: Facilitates a workflow process specific to the processor.

Annotations
Benefit: Individualized stamps and annotations allow for key details on documents to be flagged.

In-Platform Messaging
Benefit: Send messages directly to other users through the built-in messaging application.

Dashboard
Benefit: Streamline workload through a dashboard customized to meet the individual users’ needs.

Business Rules
Benefit: Ensure required documents are satisfied within a configurable timeline and based on loan data.
Document Imaging
Go paperless and eliminate expensive third-party imaging systems. Convert paper documents into digital documents. Optical Character Recognition (OCR) software recognizes text characters in images and converts the image into a machine-readable text document.
Web Portal
Allow originators to use a browser to start loans, track status, and upload documents to satisfy conditions.
Automation
Business rules promote workflow automation and eliminate process gaps facilitating a shorter loan cycle.
Custom Fields, Experience, and Docs
Build your own fields, screens, and document views to tailor VirPack to your organization’s needs.
Task Management Tools
Stay on track and avoid overlooking required tasks with VirPack’s task tracking and metrics.
Customizable Pipeline Views
Customize the pipeline so that each user has the pipeline views necessary for his or her job function.
Multiple User Editing
Reduce bottlenecks by allowing two or more users to process the same loan file at the same time.
Custom Reports and Dashboards
See the current state of the business at a glance. Create your own customized management reports and dashboards with a few mouse clicks.
Data Extraction
Transform digital images as well as scanned documents into, comparable data elements through automated data extraction (ADE) that extracts and structures loan file data.