VirPack Touts 'Seamless' E-Delivery to EMC

Vienna, Va.-based VirPack has announced itself the first company to support seamless electronic loan delivery to EMC Mortgage Corp., Lewisville, Texas.With a single click, correspondent lenders can now use the VirPack Direct application to make single and multiple loan deliveries to EMC for underwriting, flow and bulk deliveries, and transmission of trailing documents, according to VirPack. First Guaranty Mortgage Corp., McLean, Va., the first mutual client to perform delivery, pronounced itself "thrilled" with the results. First Guaranty was quoted in the announcement as being "on track to save in excess of $1.5 million in the first year using VirPack." VirPack, which can be installed and in production in as little as four days, boasts savings in excess of $120 per loan for its users. It can be found online at http://www.virpack.com, and EMC can be found at http://www.emcmortgage.com.