VirPack has announced that American Financial Resources Inc. (AFR) has selected VirPack’s Document Management and Delivery System as its enterprise document management and delivery solution. AFR is a residential mortgage lender assisting families across America with their dreams of homeownership. AFR also serves thousands of mortgage brokers and lenders across the country through their wholesale and correspondent business channels.
AFR is in the process of implementing VirPack’s Document Management and Delivery System (DMDS), along with VirPack’s Originator and Borrower Web Portals, to improve efficiency throughout every stage of their loan process, reduce costs and ensure compliance as the company experiences rapid growth across all of their lending channels.
“We selected VirPack because it provides the most functionality of any document management system that we have tested in the marketplace, said Corey Dubnoff, president of AFR. VirPack’s technology interfaces well with our loan origination system which will increase our underwriting and funding velocity,” concluded Dubnoff.
“With VirPack’s Originator and Borrower Web Portals, we can offer a higher level of service to our third party originators and consumers by enabling them to securely upload documents, track loan status and conditions and securely communicate with AFR staff,” said Larry Bailey, vice president of customer service at AFR.
With the number of pages in residential loan files growing, and increased federal regulations, AFR required a technology partner with extensive document management expertise who could provide a flexible solution capable of being tailored to meet AFR’s immediate and long-term needs.
“With VirPack’s focus, track record and commitment to providing the most effective document management and delivery technology, AFR was confident that we could deliver a highly effective document management solution off the shelf, meet their unique requirements and provide innovative features going forward,” said Cy Brinn, chief operating officer of VirPack. “Because of the acute competitive environment and the difficult economy, more and more lenders are turning to our platform to ensure they have increased efficiency, capacity, and enable them to deliver high levels of service without having to hire additional staff.”
