DocMagic has integrated VirPack’s services into its platform to enable the exchange of loan files and docs for compliant eSigning, the companies announced.
Electronically signed documents can automatically be accessed and retrieved from DocMagic’s eSign platform and delivered to the appropriate party using VirPack’s API. The companies said the integration will speed up funding.
“This integration helps our mutual clients to efficiently automate document workflows and consolidate the retrieval and packaging of documents according to their specific preferences,” DocMagic Director of Business Development Steve Ribultan said in a release. “Ultimately, we’re bringing a greater level of organization and centralization to bundling executed documents for borrowers, lenders and investors.”
VirPack said it provides user-centric solutions for loan file management, e-delivery, and file indexing with full text OCR to significantly increase productivity and modernize business operations.
“VirPack is pleased to strengthen our partnership with DocMagic,” VirPack Chief Operating Officer Wayland Pond said. “The integration results in more secure document exchange and alleviates manual processes by leveraging e-signature and e-closing technology.”
“This partnership further underscores our commitment to modernizing mortgage lending workflows,” he said. “Our technology focuses on improving operations by limiting manual intervention, reducing operational overhead and oversight, and increasing loan transparency.”