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80 VIRGINIA VirPack Launches Preconfigured Document Management and Delivery System VirPack, a provider of document management, imaging and workflow solutions headquartered in McLean, Virginia, launches "Preconfigured" Document Management and Delivery System (DMDS) which enables rapid deployment delivering immediate operational efficiency gains and ROI throughout the loan lifecycle. According to VirPack, traditional LOS-provided document management implementation have placed the burden of creating and managing electronic loan delivery profiles on the lender, a problem the company hopes to fix through its preconfigured implementation technology. Lenders can immediately deploy one-click electronic loan delivery that improves secondary market execution and significantly minimizes suspense issues and lock expiration penalties. "Our previous document management provider notified us that they were sunsetting their product. Due to our growth and other high priority projects, our staff had limited time and resources to implement a new document management solution in time for our busy spring home buying season," said Jill Quinn, EVP of Operations at Philadelphia Mortgage Advisors. "We selected VirPack for their experience, advanced technology, and preconfigured methodologies based on best practices that enabled us to gain immediate ROI and provided operational efficiency with the goal of closing more loans with existing staff." e goal of VirPack's preconfigured methodology and technology is to significantly reduce the the cycle time from origination to closing. VirPack hopes that lenders will gain increases in production and operational efficiencies. "Historically, with traditional or LOS-provided document management implementations, the process has been extremely taxing on lenders due to its time consuming and resource-draining nature" said Cy Brinn, President of VirPack. "By utilizing VirPack's preconfigured implementation methodology and advanced Document Management and Delivery System (DMDS), lenders can immediately reduce their dependency on paper, generate greater operational efficiency, increase productivity, facilitate collaboration, and improve customer and staff satisfaction." New Jersey Lisa G Lopez Broker of Record Home Alliance Realty 142 E. Bay Ave Manahawkin, NJ 08050 609-978-9009 (o) 609-384-5109 (c) lglopez@verizon.net www.HomeAllianceRealty.com www.LisaLopezProperties.com New York REDUCING TIMELINES THROUGH EXPERIENCE. Providing Default Real Estate Solutions Since 1988. Todd Yovino Broker/Owner Island Advantage Realty, LLC Serving Metro New York & Long Island Todd@iarny.com | 631-820-3400 www.islandadvantage.com Connecticut Planet Realty, LLC Sales@CTREOTEAM.com 203-982-4985 cell www.CTREOTEAM.com Security • Preservation • Disposition Steve Rivkin The month- over-month drop in foreclosure filings in Virginia in March Source: RealtyTrac Virginia Real Estate Trends and Market Info STAT INSIGHT 25.3%