Vendor Tries To Advance Origination

VirPack has unveiled its Originator Portal product. The innovative web portal enables lenders that use VirPack’s Document Management and Delivery System (DMDS) to provide originators new web-based capabilities that improve originators’ efficiency and make borrower’s non-public personal information (NPI) more secure.

The Originator Portal is a web-based, intuitive, customizable tool that provides a downloadable list of the documents required for a particular loan, based on predefined rules. With a single click, an originator can upload a required document or a batch file of loan documents in a secure manner directly to the lender. Originators can also access a list of outstanding documents as well as monitor a loan file any time they want, from wherever they are, in a secure manner.

“VirPack created the Originator Portal to increase efficiencies for originators and reduce the time they spend on a loan during the origination process, enabling them to close more loans and generate more revenue for themselves and the lenders that provide the web portal to them,” said Cy Brinn, chief operating officer at VirPack.

Moreover, because VirPack’s advanced Document Management and Delivery System is integrated with the Originator Portal, TPOs can communicate through a secure message feature with lenders and other business partners, and loan data is synchronized with the data in the loan origination system. Lenders using DMDS can more easily and efficiently comply with regulations and cooperate with audits because an electronic audit trail is created and that makes it faster to review and audit an mortgage transaction.

“The Originator Portal was developed with the aim of extending the benefits and efficiency gains from VirPack’s Document Management and Delivery System as well as improve the efficiency of the document management and communication process with originators,” said Brinn.

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