Skip to main content

Capsilon Announces New Network Delivery Option

Dec 17, 2013

Capsilon has announced the release of new a Network Delivery capability, which enables users to deliver secure and compliant loan packages to leading GSEs and financial institutions. Users of Capsilon’s DocVelocity product can now deliver a single or group of loan packages for batch delivery to seven flagship institutions. Four supported major investor institutions include Chase, Citibank, Flagstar Bank and Wells Fargo Bank. Three supported government institutions include Fannie Mae, Freddie Mac and the Federal Housing Authority. With a single click, loans are sent directly to these institutions according to their prescribed formats and protocols. DocVelocity’s quality control (QC) features provide more efficient selection, mapping, translation and tracking of mortgage documents to ensure accurate and on-time delivery of quality loan packages. Using DocVelocity delivery, the correct documents are selected, properly named and reflect the desired stacking order. "Our Network Delivery capability improves the way loan documents are submitted to GSEs and prominent financial institutions," said Sanjeev Malaney, chief execultive officer at Capsilon. "This capability empowers lenders of all sizes to seamlessly meet the complicated formatting and transmission requirements of these large institutions."
About the author
Published
Dec 17, 2013
CFPB Proposes To Ban Medical Debt From Credit Reports

CFPB expects the rule would allow 22,000 additional mortgages to be approved every year.

Manufacturing Fair Lending

How data defines a modern theory of redlining

A Watershed Moment For Trigger Leads

Pending legislation collars controversial data sharing practice

CFPB Unveils Lender Naughty List For Repeat Offenders

CFPB calls out nonbanks that have broken consumer protection laws

Is It A Deal Or Chicanery?

Negotiating EPOs with lenders

Attorney Opinions Don’t Count

Title waiver pilot, unregulated title alternatives a risky game for lenders and taxpayers