VirPack 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.
VirPack Vault
supports 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.VirPack electronic deliveries are
fully indexed and conform to each investor’s imaging
specifications, facilitating purchase review and eliminating
non-indexed (blob) electronic delivery delays.
The
VirPack Vault platform is the
product of the recent partnership between VirPack and Critical
Technologies. VirPack is an innovative records-management company
specializing in the mortgage industry.
