Aklero-VirPack Create Partnership to Deliver Integrated Document and Data Quality Solution

by 06 Jun 2012

The agreement will ensure that clients have access to the highest Quality Assurance and Quality Control and seamless integration to VirPack’s best-in-class document management and eDelivery platform.

FORT WASHINGTON, Penn. and VIENNA, Va.–June 5, 2012—Aklero Risk Analytics Inc., a provider of mortgage loan quality management software and services via their automated data and document validity assurance platform, and VirPack, a leading provider of document management and eDelivery solutions for the mortgage industry, have agreed to a technology partnership.

Under the agreement, clients gain seamless use of the Aklero’s powerful Q-Close platform and VirPack’s document management and imaging technologies.

“In addition to realizing the efficiency and accuracy gains of our industry-leading loan quality management platform, Q-Close, clients will gain the benefits of a seamless and integrated approach to assuring loan quality within the production process through VirPack’s enterprise document management and imaging platform,” said Brian K. Fitzpatrick, CEO of Aklero. “Our aim has been to automate Quality Assurance and Quality Control by analyzing the original documents and the data they contain—because that ensures accuracy, and access to our sophisticated platform is now a mouse click away for VirPack customers.”

"Aklero's unique solution provides a fresh and reliable approach to automate the detection and identification of deficiencies in loan files. This not only provides accurate data reconciliation across documents, but ensures that the correct documents exist and signatures are valid. As quality remains central to the mortgage process, this collaborative integration is a great benefit for VirPack customers and the industry as a whole” said Michael Coar, VirPack founder and CEO. “We strive to provide a trustworthy document management solution and a ‘one-click’ eDelivery to Aklero gives our customers that additional level of assurance should they choose.” 

Aklero’s automated approach of comparing the lender’s data against “true data,” or original documents, is a process that ensures more accurate results relative to loan quality assurance and quality control. Because of its technology, the firm has revolutionized the way QC is performed and its effectiveness.

VirPack’s Enterprise Center is the one solution that provides lenders a single platform for paperless operation from origination through post-closing, including fully indexed eDelivery to secondary market investors, the Department of Housing and Urban Development (HUD), QC/due diligence companies, subservicers and other business partners. 

COMMENTS

Poll

Is TILA-RESPA a good or bad thing long term?