Cloudvirga provides an intelligent point-of-sale (POS) platform, for both loan officers and consumers, which automates operations traditionally performed in the back office to reduce mortgage origination costs, improve user experience, and increase business insight in the home loan market. The solution is available for both mortgage loan originators and consumers. The originator POS reduces multiple touch-points by providing the originators with the required functionality to upfront the customers. On the other hand, the consumer POS guides users through the entire loan process by giving them the access to check their loan status from anywhere and anytime.
The company also launched a mobile app last year that enables the real estate agents to collaborate and connect with mortgage loan officers. The app is available in the Google Play Store and Apple Store. Real Estate agents can check the loan status, view and send pre-approval letters, and upload purchase contracts. The agents will also have the access to send the potential leads to loan officers. “Cloudvirga’s new mobile app deepens the collaboration between loan officers and real estate agents, which is critical to success in today’s purchase-driven market,” says Kyle Kamrooz, Co-founder of the company.
“Agents and loan officers now have access to our digital mortgage platform via a native mobile app that is both easy to use and incredibly powerful.”
Cloudvirga’s new mobile app deepens the collaboration between loan officers and real estate agents, which is critical to success in today’s purchase-driven market
Cloudvirga also offers training to all the customers, ensuring that originators understand the best in-class processes to close the loans successfully. The team at the organization not only focuses on delivering the technical compatibility to the clients but it also focuses on delivering an intelligent process to streamline the business flow of the clients. The platform is one stop shop for borrowers to apply, get advice and quotes, upload docs securely, e-sign, and manages relevant tasks while staying updated in real-time.
The company recently announced Daniel Akiva as Chief Technology Officer; Akiva has over 20 years of experience developing elite engineering teams that deliver enterprise-class SaaS for some of the world’s largest companies. With a great opportunity to further expand its engineering team locally in Orange County, Cloudvirga continues to develop exciting and engaging solutions for the trillion-dollar home loan market, which could potentially revamp the mortgage industry and scale it to greater. Case in point, the company introduced the industry’s first single-click submission of loan data to both GSEs’automated underwriting systems and is all set to evolve its product suite with support from a $50M Series C that brings its total funding raised to $77M.