Acris Technology Expands Cloud-Based VCO Product Line to New Markets

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Proven cloud-based suite of solutions for mortgage companies now allows real estate brokerages, title companies and others to virtualize their IT infrastructure, slashing costs and boosting productivity.

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 Technology’s 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 Technology’s 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 Technology’s 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 Technology’s 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® suite and MS Exchange® Server. Almost any third-party or proprietary software can be hosted and delivered through VCO Desk’s secure Citrix® environment, giving users one place to access all their technology. Other components of the VCO suite include:

  •     VCO File, an easy-to-use paperless document management and hosted storage solution;
  •     VCO Sign, a digital signature tool that uses public key encryption to ensure security;
  •     VCO Link, which provides seamless integration links with a variety of title, escrow, flood, credit, appraisal management, compliance and other settlement service providers;
  •     VCO Voice, which integrates call center phone service capabilities into the transaction.

"It did not take long to realize what we have built for the mortgage industry has capabilities far beyond the field,” said Richard Johnston, president of Acris Technology. “We chose the National Association of Realtors’ annual event to make this announcement because there are so many crossover benefits of virtualization for real estate and mortgage professionals. Outside of VCO Lend, our paperless loan origination software, all our VCO products are extremely well-suited to any business that handles large amounts of data, requires heavy documentation and has an eye towards operating in the cloud.”

Acris Technology will be demonstrating its cloud-based solutions at their Mortgage VCO Booth #1171 on the NAR exhibit floor.

About Acris Technology
Founded in 2005 and headquartered in Laguna Hills, California, Acris Technology is a technology provider offering custom software development and a full range of IT services and infrastructure support. Its flagship product, Mortgage VCO, is a virtual corporate office solution that provides all the necessary software and tools to run a completely paperless, cloud-based mortgage office, enabling clients to realize increased productivity, shorter loan life cycle times and reduced expenses. The virtual suite includes loan origination and processing software, paperless electronic document management (EDM), digital e-signature tools, IP telephony, virtual desktops with Microsoft Office® and Outlook®, plus software customization and development services, IT, telephony and Citrix® virtual office consulting. For more information, visit http://www.MortgageVCO.com.

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