VirPack, a document management and delivery solution provider to the residential mortgage industry, has released an interface to the mortgage insurance system of National Mortgage Insurance Corp. (National MI), a subsidiary of NMI Holdings Inc.
The interface enables lenders using VirPack's system to efficiently transmit loan documents that are required for mortgage insurance underwriting directly to National MI. It is designed to save lenders time and to increase accuracy by automating the process of sending documents to National MI with VirPack's ‘one click’ delivery technology.Â
‘VirPack and National MI developed the integration because it provides a faster, more efficient and accurate way for National MI to collect the documents necessary for it to make a decision on issuing and pricing insurance,’ says Cy Brinn, VirPack's chief operating officer (COO).
‘As a result of the integration, we are able to order services and securely deliver the documents that National MI requires to issue mortgage insurance,’ says Tony Eelman, COO at national mortgage lender FBC Mortgage LLC. ‘We are leveraging this platform because it improves accuracy, reduces costs and helps us to preserve our competitive advantage through advanced technology.’