Business, Free News Articles, Software

VirPack and Mortgage Builder Announce Integration Built to Streamline the Digital Mortgage Process

MCLEAN, Va. -- VirPack is pleased to announce a new partnership with Mortgage Builder, a Constellation Mortgage Solution Company and full loan lifecycle solution. This new integration will provide Mortgage Builder customers advanced workflow and document management capabilities, including optical character recognition that automates document recognition and data extraction to easily determine if data extracted from critical loan documents matches loan data in Mortgage Builder.

The VirPack Mortgage Builder integration creates new efficiencies for Mortgage Builder customers through the power of VirPack's automation and workflow technology.

The carefully designed multi-point integration:
* Enables users to launch directly from Mortgage Builder into VirPack.
* Posts Mortgage Builder content directly to VirPack enabling documents and reports to be automatically categorized and indexed without manual operations from a Mortgage Builder user.
* Recognizes Mortgage Builder specific and IDS generated barcodes automatically enabling an accurate indexing of Mortgage Builder and IDS generated documents.

"We are excited to partner with Mortgage Builder whose strong focus on streamlining operations and customer service aligns strongly with VirPack's goals of improving the loan application workflow through modernization. This partnership will help Mortgage Builder customers by increasing employee efficiency, driving productivity, and facilitating additional document controls," said Wayland Pond, Chief Operating Officer of VirPack.

"Partnerships, like the one between Mortgage Builder and VirPack elevate the digital lending experience for both the lender and the borrower. We are pleased to select VirPack as our preferred document management integrated solution. Mortgage Builder is committed to creating positive customer experiences through intuitive technology, streamlined workflows, and superior customer service. We believe our customers will find this new integration provides efficiencies in processing and speeds loan closings," said Stephen Ryczek, President & General Manager of Mortgage Builder - A Constellation Mortgage Solution Company.

About VirPack

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 https://www.virpack.com/.

About Mortgage Builder

Mortgage Builder provides enterprise mortgage software solutions for today's lenders that empower teams, quickly adapt to changing regulations, and are customizable to unique workflows. A subsidiary of Constellation Mortgage Solutions, MB is built to serve the needs of lenders - from origination to post-closing to servicing. The MB platform is a complete solution that is backed by our award-winning customer support team. Since 1999, Mortgage Builder has been working to help today's mortgage professional streamline operations, reduce costly errors that can lead to problems with compliance, and close more loans faster to increase ROI. Learn more at https://www.mortgagebuilder.com/.

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Related link: https://www.virpack.com/

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Alliances and Partnerships, Business, Free News Articles, Software

IDS Inks Exclusive Partnership Agreement with Mortgage Builder

SALT LAKE CITY, Utah -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today it has expanded its partnership to become the exclusive integrated document preparation vendor of Mortgage Builder, a provider of award-winning mortgage loan origination and servicing software. The newly rebuilt integration now fully incorporates the IDS eSignature platform and custom form generation capability.

The partnership includes the migration of Mortgage Builder's client base to idsDoc, IDS' flagship document preparation platform, which is recognized for unequalled customization and superior customer service. In addition, the integration supports new data points to meet more recent demands and upcoming needs, including TRID documents, eClosing process fields and impending URLA updates.

"There has been a concerted effort to modernize the aesthetics and functionality of the Mortgage Builder platform under the new leadership direction of Mortgage Builder's parent company Constellation Mortgage Solutions," said IDS Vice President and General Manager Mark Mackey. "IDS is honored to be one of a handful of vendors Mortgage Builder has chosen to help transform its award-winning platform into one built for the digital mortgage era, and we are eager to expand our partnership with Mortgage Builder to deliver an enhanced digital lending experience to our mutual clients."

Featuring enhanced system-to-system connectivity and seamless data transfer using the MISMO Version 3.4 data standard, the integration utilizes idsDoc for all document preparation within Mortgage Builder. In addition, specified data input enables Mortgage Builder to remain the single system of record, while still allowing the completion of custom and state fields. Through this interface, users are able to review the IDS compliance audit report to see what needs to be updated in Mortgage Builder and to draw from IDS's wide library of official, custom and state-specific documents.

"Mortgage Builder is pleased to strengthen our existing relationship with IDS," said Stephen Ryczek, President and General Manager of Mortgage Builder. "Our commitment to exceptional customer service and dedication to the highest level of compliance available in the loan origination software space are the perfect fit for this exclusive relationship moving forward. IDS's proven track record makes them the ideal technology partner, and we are eager to bring this new and improved capability set to our already robust loan origination and servicing platform."

About Mortgage Builder

Mortgage Builder provides enterprise mortgage software solutions for today's lenders that empower teams, quickly adapt to changing regulations, and are customizable to unique workflows. A subsidiary of Constellation Mortgage Solutions, MB is built to serve the needs of lenders - from origination to post-closing to servicing. The MB platform is a complete solution that is backed by our award-winning customer support team. Since 1999, Mortgage Builder has been working to help today's mortgage professional streamline operations, reduce costly errors that can lead to problems with compliance, and close more loans faster to increase ROI. Learn more at www.mortgagebuilder.com.

About IDS, Inc.

IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include eSignatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regard to major industry compliance changes. (https://info.idsdoc.com/)

Related link: https://info.idsdoc.com/

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Alliances and Partnerships, Business, Free News Articles, Software

IDS Signs Preferred Partner Agreement with Mortgage Builder

SALT LAKE CITY, Utah -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today it has signed a preferred partnership agreement with Mortgage Builder, a provider of award-winning mortgage loan origination and servicing software systems. As part of the agreement, IDS and Mortgage Builder have begun to develop a fresh integration between idsDoc and Mortgage Builder's LOS platform to ensure superior system-to-system connectivity and seamless data transfer using the MISMO Version 3.4 data standard.

"The integration between idsDoc and our clients' LOS platforms has always been of the utmost priority to IDS, and the renewed agreement with a premier LOS provider like Mortgage Builder reinforces this commitment," said IDS Vice President and General Manager Mark Mackey. "We welcome the opportunity to expand our relationship with Mortgage Builder and enhance the experience our mutual clients receive when using our respective systems in concert."

End-to-end lending solutions from Mortgage Builder manage the complete lending cycle - from loan origination through servicing - for mortgage lenders and banks. Mortgage Builder supports a diverse array of loan products through its comprehensive loan origination system and single-platform loan servicing technology with integrated default capabilities. Mortgage Builder solutions are available as hosted services and offer a wide array of outsourced services to ensure an optimal lending experience.

IDS's flagship document preparation platform idsDoc gives lenders the control to create initial disclosures and closing documents to fit their individual preferences and needs and includes numerous customizations, compliance audits and tools-including eSign capabilities and functionality to enable both hybrid and complete eClosings - to make the doc prep process more efficient.

With the enhanced interface in place, lenders will be able to achieve even greater efficiency while protecting the integrity of the origination process by generating all general loan documents using direct-source data from the Mortgage Builder platform. In addition, Mortgage Builder users will also be able to complete all relevant state- and investor-specific information using corresponding fields within idsDoc. The more than 1500 rules, warnings and edit checks available through this integration will also ensure all documents are as compliant as possible, while the embedded eSign functionality from IDS will enable efficient initial disclosure and closing processes.

"IDS's reputation for delivering compliant, highly customizable mortgage documents is second to none, which is why we are thrilled to have IDS as part of the Mortgage Builder ecosystem," Mortgage Builder General Manager Stephen Ryczek said. "As the document preparation vendor of choice for Mortgage Builder, we look forward to working with the IDS team to create a seamless, unified user experience for our mutual clients to increase the efficiency of the closing process."

About Mortgage Builder

Founded in 1999, Mortgage Builder(R) is headquartered in Southfield, Michigan and provides industry-leading loan origination software (LOS) to mortgage banks, community banks, credit unions, and other financial institutions for more than 15 years. Mortgage Builder has consistently been recognized as one of the industry's Top 50 Service Providers by Mortgage Technology Magazine and twice was named the winner of the magazine's Help Desk Award for outstanding customer service. Mortgage Professional America named Mortgage Builder employees to their "Elite Women in Mortgage" list in 2014 and 2015. Mortgage Builder is part of the Constellation Real Estate Group, which operates a diverse portfolio of leading technology brands in the real estate and mortgage industries. For more information, visit http://www.mortgagebuilder.com.

About IDS, Inc.

IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include eSignatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regards to major industry compliance changes. (https://info.idsdoc.com/)

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