National MI and VirPack, a document management and workflow automation solutions provider, have expanded their integration to allow loan file content within VirPack to be electronically delivered directly to National MI for the private mortgage insurer’s Delegated Assurance Review (DAR) program, in addition to its non-delegated programs.
The two companies initially began working together in 2014, with an interface that enables lenders using VirPack to transmit loan documents for mortgage insurance underwriting directly to National MI. The new, enhanced integration allows for a delivery process for National MI’s DAR lender customers.
“We are excited to expand our partnership with National MI,” says Wayland Pond, VirPack’s COO. “We worked together to build an interface between VirPack and National MI so lenders can use our one-click direct delivery technology with National MI’s DAR program. The automated application offers data and document validation directly within the user interface. Customers are alerted to any missing documents or data on each individual loan file.”
National MI says it is the first private mortgage insurer to have an enhanced interface with VirPack that supports delegated underwriting with independent validation.