Transformation Accelerators

Technology for Lenders

Accelerate Digital Transformation

VirPack unlocks data trapped in image formats, transforms unstructured data into usable information without manual intervention and provides structure to teams around repeatable processes.

DOCUMENT MANAGEMENT AND E-DELIVERY

Key Features and Benefits

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Eliminates manual filing through drag-and-drop document management.

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Audits employee actions at a document level.

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Delivers loans in bulk or on a flow basis to multiple parties with flexible eDelivery options.

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Organizes loan views by department, optimizing views based on role.

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Digitizes annotations into the file, reducing lost information.

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Protects PII data through rules-based access control.

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Facilitates uploads by all participants in the lending process through 9 capture methods.

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Securely stores data in the cloud 24/7.

DATA EXTRACTION

Key Features and Benefits

Boosts data accuracy without manual “stare and compare” data validation by leveraging OCR and document recognition technology for data extraction, verification, and validation.

Eliminates data discrepancies by comparing extracted data across multiple documents to third party data or loan origination system data.

Harmonizes data and document processing with loan quality audit and due diligence practices using purified data to power automation of file reviews.

Handles structured and unstructured documents with automated document recognition (ADR), powered by machine learning.

Transforms digital images as well as scanned documents into comparable data elements through automated data extraction (ADE) that extracts and structures loan file data.

Protects PII data through rules-based access control.

VIRTUAL FILES & WORKFLOW AUTOMATION

Key Features and Benefits

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Automates workflow and task management across departments, giving back time.

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Sparks collaboration through simple dashboards, document versioning, and alerts to teams and individuals.

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Ensures operational excellence through integrations that allow document content and data to seamlessly flow with little or no user interaction to reduce

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Creates permission-based access to integrated web portals for borrowers and TPOs.

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Reduces cycle time through automated business rules, creating hands-free final document tracking and delivery.

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Speeds review and approval through configurable electronic loan checklists organized by department.

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Reduces manually splitting of documents by automatic OCR and barcode-driven indexing.

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Automatically routes documents and files to designated work queues, increasing productivity.

Housing Finance Agencies

Mortgage Lenders

Credit Unions