In Virginia, document services provider VirPack  announced the latest upgrade to its Document Management and Delivery System.
The new update brings the system to Version 3.3 and continues VirPack’s mission to deliver innovative features that reduce labor costs, improve accuracy, and increase origination and delivery efficiencies.
“VirPack’s Document Management and Delivery System remains well ahead of the rest of the industry, but we wanted to open that gap even wider, and with this new release, we have done that,” said CEO Michael Coar.
“We are constantly speaking to our customers, lenders and our partners for ways to enhance the solution. Their recommendations were the basis of several upgrades that make the technology easier to use, more flexible, improve efficiencies, and deliver competitive advantages to them,” Coar added.
The upgrade adds a pack of enhancements, including loan checklists, image tags, status-based access controls, automated assignment of tasks, and more.
“Too often lenders rely on the document management features that their loan origination system provides. LOS vendors simply do not have the time and expertise to develop the type of robust platform that is required, especially considering the heightened regulatory scrutiny that lenders of all sizes face,” Coar went on. “In contrast, we are down in the trenches with our customers, and focused on improving our enterprise-wide document management system every day.”