“Leveraging the API based integration with Encompass, VLR can directly access borrower documents in the eFolder, process them and make relevant data available in Encompass within minutes,” said Arshad Masood, CEO at Visionet Systems. “All of this is done automatically, saving time and eliminating the chance of any errors. As a result, the underwriting process gets streamlined and lenders can free up time of specialist underwriters to process more loans each day. Lenders can deliver improved borrower experience, close loans faster, and reduce operations cost.”
VLR is built on enterprise-level architecture, and is suited for any document-intensive workflow within the lending lifecycle, including loan setup, loan boarding, pre- and post-closing operations and audits.