*Taking Going Paperless Further*
**By Tony Garritano**
***In yesterday’s newsletter we told you about how one lender was getting huge ROI from going paperless. Really with all the new regulatory requirements it’s hard to imagine a lender complying in a paper world at. There’s too much to handle. And vendors realize this, which is why they keep advancing their applications. For example, the DocVelocity imaging system now offers batch delivery options, enabling users to package and deliver documents from many loan folders at the same time. Here’s how it works:
****The new batch delivery feature saves time compared to one-at-a-time processing, as documents from hundreds or even thousands of loans can be packaged and delivered at once. Because DocVelocity’s document capture and online collaboration features ensure loan documents are correctly named, verified, statused, notated and stacked before they are prepared for delivery, lenders are assured their loan deliveries are done correctly as well as quickly.
****Lenders can use DocVelocity’s batch delivery capability to streamline many business processes by sending in-process loan files to contract underwriters; exchanging needed documents with auditors, quality control providers and other services; and delivering pools of closed loans to investors, all with reduced errors and at significantly lower costs.
****“DocVelocity’s batch delivery saves time by enabling lenders to process hundreds of loans at once,” said Sanjeev Malaney, chief executive officer at Capsilon. “Batch delivery is one more way our customers gain greater efficiency in a totally paperless work environment.”
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at email@example.com.