Radian Partners With VirPack to Streamline Document Delivery Process
25 Août 2017 - 12:30PM
Business Wire
Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of
Radian Group Inc. (NYSE:RDN), today announced it has completed
integration with the VirPack Document Management and Delivery
System (DMDS) for document delivery. The integration offers
Radian’s customers electronic interaction to securely share loan
documents.
VirPack is a leading provider of document management and imaging
solutions for the real estate lending industry, and its VirPack
DMDS software allows Radian to capture, organize, retrieve and
deliver paper-intensive documents and images.
“This is an incredibly exciting development because this
partnership with VirPack will allow Radian to continue the pursuit
of our primary mission – to promote and secure the ideals of
homeownership in America,” said Brien McMahon, chief franchise
officer at Radian. “By establishing a centralized platform that
will better meet the demands of mortgage lenders, the DMDS software
will improve the accessibility, convenience, and simplicity of
lending services for prospective homeowners.”
The integration allows Radian customers to electronically share
loan documents including post close, contract underwriting, and
non-delegated documents with the company. DMDS’s innovative suite
of features will help Radian streamline the loan origination
process for customers and eliminate delivery costs by enabling
capabilities including easy document collection and upload,
automated indexing, electronic delivery, and multi-layer security
control.
“The rising cost to originate residential mortgages in today’s
market is a battle that lenders and service providers alike are
fighting to control,” said Cy Brinn, president at VirPack.
“VirPack’s one-click delivery integration to Radian will provide
significant cost savings by improving turn times, reducing errors
and neutralizing staffing requirements.”
ABOUT RADIAN
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia,
provides private mortgage insurance, risk management products and
real estate services to financial institutions. Radian offers
products and services through two business segments:
- Mortgage Insurance, through its
principal mortgage insurance subsidiary Radian Guaranty Inc. This
private mortgage insurance protects lenders from default-related
losses, facilitates the sale of low-downpayment mortgages in the
secondary market and enables homebuyers to purchase homes more
quickly with downpayments less than 20%.
- Mortgage and Real Estate
Services, through its principal services subsidiary Clayton, as
well as Green River Capital, Red Bell Real Estate and ValuAmerica.
These solutions include information and services that financial
institutions, investors and government entities use to evaluate,
acquire, securitize, service and monitor loans and asset-backed
securities.
Additional information may be found at www.radian.biz.
ABOUT VIRPACK
VirPack is a leading provider of document management, imaging
and delivery solutions to the real estate lending industry. Founded
in 1998, VirPack has pioneered many industry firsts, such as the
first electronic investor loan delivery in 2004. Today, the VirPack
Document Management and Delivery System (DMDS) and VirPack Partner
Network support more than 80 deliveries to investors and service
providers in the mortgage industry. VirPack’s suite of solutions
increase operational efficiency, help ensure compliance and provide
significant enterprise cost savings.
Additional information may be found at www.virpack.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170825005029/en/
Radian Group Inc.Emily Riley,
215-231-1035emily.riley@radian.biz
Radian (NYSE:RDN)
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