Vault®
empowers all participants in the mortgage process to submit and
access loan documents securely via the Internet, creating an
end-to-end paperless solution.Brokers
and branch offices can easily submit and access content via the
Internet, simplifying coordination with the corporate office. Lenders
can offer borrowers the means to deliver documentation into the
system for immediate processing. As a result, wholesale and
retail lenders can dramatically improve their processes by 35
percent or more while reducing the costs associated with
origination, closing and shipping paper files by more than $100
per loan.
mVaultsupports
electronic delivery of credit, closed, trailing, and all
portions of a loan file to over a dozen major investors and
due-diligence providers, eliminating virtually all paper-based
photocopy and overnight delivery costs. mVault
electronic deliveries are fully indexed and conform to each
investor’s imaging specifications, facilitating purchase review
and eliminating non-indexed (blob) electronic delivery delays.
mVault’s
distributed capture and exchange technology enables clients to
move loan documents quickly through due diligence and delivers
value by reducing the costs of copying and moving paper files
across the country. mVault clients achieve substantial gains in
efficiency and customer satisfaction.
One
client has managed to eliminate many hard costs, including
express mail, preparation time, and trailing document costs,
producing noticeable boosts to their bottom line. In addition,
they are saving innumerable hours in completing tasks, shaving
minutes and hours from processes by using mVault’s distributed
loan capture and desktop loan capture suite. By utilizing
mVault’s decentralized distributed processes, they have improved
their ability to compete in every market they enter, enabling
them to grow as quickly as their opportunities dictate.
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