National MI and VirPack Expand Partnership to Support Delegated Underwriting
The two companies initially joined forces in 2014 with an interface that enables lenders using VirPack to efficiently transmit loan documents for mortgage insurance underwriting directly to National MI. The new, enhanced integration allows for a smooth and easy delivery process for National MI’s DAR lender customers.
“We are excited to expand our partnership with National MI,” said
“This expanded integration saves our DAR lender customers time, and increases accuracy by automating the process of document delivery,” said
National MI is the first private mortgage insurer to have an enhanced interface with VirPack that supports delegated underwriting with Independent Validation. By performing a post-closing review on all loans in its DAR channel, National MI’s approach allows for a far smoother process for lenders.
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About National MI
VirPack simplifies virtual document management for the lending industry by providing user-centric solutions for loan file management, e-delivery, and file indexing with full text OCR to significantly increase productivity and modernize business operations. A leader in file automation and automated workflows – our solutions replace manually complex and error-prone business processes with accuracy and efficiency for resource-constrained teams. For 20 years we have served the mortgage banking and financial services industries, innovating and creating award-winning technologies and solutions that have enabled customers to gain strategic competitive advantages. For additional information, visit www.virpack.com.
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Source: NMI Holdings Inc