Capsilon Announces New Network Delivery Capability to Leading GSEs and Financial Institutions for Mortgage Lenders and Investors

Business Wire

SAN FRANCISCO--(BUSINESS WIRE)--

Capsilon, a provider of document imaging for mortgage lenders and investors, announced the release of a new Network Delivery capability, which enables users to deliver secure and compliant loan packages to leading GSEs and financial institutions.

Users of Capsilon’s DocVelocity product can now deliver a single or group of loan packages for batch delivery to seven flagship institutions. Four supported major investor institutions include Chase, Citibank, Flagstar Bank and Wells Fargo Bank. Three supported government institutions include Fannie Mae, Freddie Mac and the Federal Housing Authority. With a single click, loans are sent directly to these institutions according to their prescribed formats and protocols.

DocVelocity’s powerful quality control features provide more efficient selection, mapping, translation and tracking of mortgage documents to ensure accurate and on-time delivery of quality loan packages. Using DocVelocity delivery, the correct documents are selected, properly named and reflect the desired stacking order.

“Our Network Delivery capability improves the way loan documents are submitted to GSEs and prominent financial institutions,” said Sanjeev Malaney, chief executive officer at Capsilon. “This capability empowers lenders of all sizes to seamlessly meet the complicated formatting and transmission requirements of these large institutions.”

About Capsilon

Since 2004, Capsilon has provided comprehensive document imaging and collaboration solutions that enable lenders and investors to increase productivity and lower loan origination costs, while ensuring compliance. The company’s product, DocVelocity, is a cloud-based imaging solution enabling document capture, collaboration, delivery, and retention. The winner of numerous mortgage technology awards, Capsilon currently serves medium to large mortgage companies. Learn more at www.capsilon.com.

Contact:
For Capsilon
Ann Bates, 678-781-7225
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