Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., has completed integration with the VirPack Document Management and Delivery System (DMDS) for document delivery, which will offer Radian’s customers electronic interaction to securely share loan documents.
VirPack provides document management and imaging solutions for the real estate lending industry, and its VirPack DMDS software enables clients to capture, organize, retrieve and deliver paper-intensive documents and images.
“By establishing a centralized platform that will better meet the demands of mortgage lenders, the DMDS software will improve the accessibility, convenience and simplicity of lending services for prospective homeowners,” says Brien McMahon, chief franchise officer at Radian.
The integration allows Radian customers to electronically share loan documents such as post-close, contract underwriting, and non-delegated documents with the company. DMDS’s suite of features will help Radian streamline the loan origination process for customers and eliminate delivery costs by enabling capabilities including easy document collection and upload, automated indexing, electronic delivery, and multi-layer security control.