Wells Fargo Picks VirPack

Wells Fargo, Des Moines, Iowa, has selected Vienna, Va.-based VirPack to support Wells Fargo Delivery Express by providing electronic loan delivery and imaging for transactions with Wells Fargo's correspondent lending partners.Instead of mailing loan packages, correspondents can use VirPack Direct to transmit loan files to Wells Fargo Funding for purchase review. Loans identified for delivery to Wells are instantly retrieved from the VirPack system and delivered securely. Delivered free to VirPack customers, VirPack Direct is integrated with VirPack's imaging solutions and its barcoding, scan capture, and electronic document-management tools. VirPack boasts that its imaging systems can be installed and in production within three days. Wells Fargo Funding's client base includes more than 1,000 banks, thrifts, and mortgage lenders nationwide. The companies can be found on the Web at http://www.wellsfargo.com and http://www.virpack.com.