VirPack Enhances Loan Delivery to GMAC-RFC

Vienna, Va.-based VirPack has announced the enhancement of its VirPack Direct electronic-image loan delivery system to support correspondent delivery to Minneapolis-based GMAC Residential Funding Corp.Correspondents can use the tool to deliver fully indexed loan files to GMAC Residential Funding for purchase review. Loans identified for delivery to GMAC Residential Funding are immediately retrieved from the VirPack system and electronically delivered in a secure fashion. VirPack Direct, offered free to VirPack customers, offers to significantly reduce shipping costs, shorten cycle times, and improve overall process efficiency. The VirPack core technology is an electronic envelope that uses scan capture and barcoding to provide a standard way to package, manage, and electronically deliver all data, electronic documents, and images. The company can be found online at http://www.virpack.com.