PaperClip, Hackensack, N.J., has launched an integrated document management and loan processing system called VirtualLoanFolder.com, the company announced at the Mortgage Bankers Association Annual Convention in San Francisco.The product offers borrowers, originators, service providers and lenders a paperless processing solution that has conditions clearing, document management, workflow and secure document delivery functionality. In addition, the application is Web-based and linked directly to a user's loan origination software. PaperClip can be found on the Web at http://www.paperclip.com.

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