VirPack released a new Web portal for consumers to submit digital copies of borrower verification documents to mortgage lenders.
The McLean, Va.-based electronic document management technology developer said the new feature provides borrowers with a list of required documents based on the loan type and purpose. Borrowers can upload their documents, download lender-created documents, monitor loan status and exchange messages with lenders.
"Our aim was to develop a web portal for lenders to provide to their borrowers to reduce the time required by both the borrower and the lender during origination, loan processing and underwriting," Cy Brinn, chief operating officer at VirPack, said in a press release.
Consumer self-service tools have been a