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.
-
Under the proposed rule, the definition of a manufactured home would allow upper floor sections to be transported and constructed without a permanent chassis.
11h ago -
Even though the SAFE Act does not require AI loan officers licensing, other laws, as well as regulators, still look for a person to be responsible.
June 12 -
The government-related market's push has intensified efforts to draw up classic FICO comparisons or set up interim rating policies pending more data.
June 12 -
The changes provide standardized appraisal guidance in advance of a mandatory compliance date to a new reporting format in November this year.
June 12 -
Provident Bank says My Mortgage used a $10 million line of credit to fund dozens of ineligible, dilapidated properties and sold them to their own employees.
June 12 -
OneTrust Home Loans says its employees secretly used Floify to funnel loans to brokerage E Mortgage Capital, which were then funded by the wholesale giant.
June 12







