Vienna, Va.-based VirPack, has released VirPack Vault, a hosted Web-based document management and electronic loan delivery platform designed to satisfy the needs of lenders and brokers from origination through post closing and investor delivery. VirPack Vault supports electronic delivery of credit, closed, trailing and all portions of a loan file to over a dozen investors and due-diligence providers. VirPack electronic deliveries are fully indexed and conform to each investor's imaging specifications, facilitating purchase review and eliminating non-indexed (blob) electronic delivery delays. The VirPack Vault platform is the product of the recent partnership between VirPack and Critical Technologies, a records-management company specializing in the mortgage industry. VirPack can be found on the Web at http://www.virpack.com.
-
The Office of Management and Budget issued reduction in force notices to Treasury staff working in the Community Development Financial Institution office Friday, saying that the layoffs are necessary to "implement the abolishment" of the fund.
October 10 -
The Consumer Financial Protection Bureau has announced job openings for attorney-advisors to represent the agency in defensive and appellate litigation.
October 10 -
While technology has become an important channel for information among homebuyers, many still see real estate agents as smarter than any other resource.
October 10 -
Onity adds former Meta exec as director, Click n' Close taps industry veteran as president while banks and credit unions boost their mortgage teams.
October 10 -
The regulator recently nixed Obama and Biden-era guidance for the Office of Fair Housing and Equal Opportunity and apparently reduced staff.
October 9 -
Total mortgage origination volume is forecasted to barely eclipse $2 trillion by the end of the year for the first time since 2022, iEmergent said.
October 9