Acris Technology, a software development company and provider of cloud technologies for mortgage, real estate, tax and other industries, has announced it is expanding its Virtual Corporate Office (VCO) suite of products beyond the mortgage industry and into other markets, including real estate. The announcement was made today at the 2011 National Association of Realtors Annual Convention and Expo in Anaheim, where Acris Technology will be demonstrating its VCO technology to real estate professionals as well as lenders, title insurers and other attendees.
The move follows the success of Acris Technologys Mortgage VCO, an end-to-end, cloud-based suite of software applications, IT and consulting services that enable lenders to run a compliant, scalable, paperless mortgage business without the expense and complexity of on-site servers, software, maintenance and upgrades.
Through a paperless, virtual environment, Acris Technologys VCO suite empowers companies in a wide range of industries, including real estate, to efficiently manage the mazes of purchase contracts, disclosure reports and constant emails as well as agent education, training, insurance and compensation. Featuring cloud-delivered virtual desktops, sophisticated loan origination and processing software, paperless document storage, digital signature technology and VoIP telephony, the VCO suite drastically reduces IT costs so organizations can focus on what matters: closing more transactions in less time.
Fully realized, cloud technology transforms how organizations handle information, communications and workflow by removing all the heavy lifting behind their IT efforts, said Acris Technology CEO Martin Williams. We have already seen what VCO can do for the mortgage business. Lenders that are moving their IT infrastructure to the cloud are realizing greater efficiency and security at a lower expense. They are also expanding their geographic footprint by enabling employees to work from anywhere. When leveraged for other industries, particularly those with mobile workforces such as real estate, VCO can deliver equally compelling results.
Developed and refined over a period of 12 years, Acris Technologys VCO technology was in use privately by Laguna Hills, California-based Millennia Mortgage to process over $ 10 billion in funded loans. Earlier this year, the Mortgage VCO suite of cloud-based technology was unveiled to mortgage bankers, regional and community banks, credit unions, and other mortgage lenders.
The VCO suite begins with Acris Technologys Citrix-based VCO Desk platform, which is now being made available for other markets. VCO Desk delivers a Windows desktop environment to any computer, laptop, thin client, iPad or tablet PC with a high-speed Internet connection, and includes the Microsoft Office
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