IRVINE, Calif., October 09, 2019 (GLOBE NEWSWIRE) – To enhance the digital mortgage experience, Cloudvirga, a provider of digital mortgage software, and Envoy Mortgage Ltd, a national independent mortgage lender serving retail originators, has partnered to deliver the Cloudvirga digital mortgage platform to Envoy mortgage agents and borrowers.
Envoy Mortgage, in its ongoing efforts to improve the experiences of originators and borrowers, was looking for a solution that would modernize its digital application, help reduce costs, increase transparency, and reduce closing times by half or more. Envoy chose Cloudvirga because it achieved these goals by providing a world-class experience for consumers and loan originators through its automated workflow for lenders.
New technology partnership reflects a decision by Envoy Mortgage’s management team to prioritize the implementation of an integrated infrastructure solution to improve the efficiency, effectiveness and productivity of loan originators in an increasingly competitive market.
“We are delighted that Envoy Mortgage has chosen to partner with Cloudvirga for a highly automated loan manufacturing experience to help further increase the efficiency of its loan originators,” said Dan Sogorka, CEO of Cloudvirga . “We look forward to supporting Envoy Mortgage’s commitment to enabling consumers to find the best possible loan options and close them quickly and effortlessly. “
The Cloudvirga digital mortgage platform reduces the time required for traditional mortgage closing by streamlining the digital mortgage application process for loan officers and consumers. Today, Cloudvirga’s technology powers nearly $ 200 billion in loans per year and is used by ten of the country’s top 40 donors.
“This commitment, along with an overhaul of internal processes, will translate into a real transformation, positioning us very well for the future,” said Dan Mulberry, CIO of Envoy Mortgage. “This ensures that our loan originators can provide referral sources and borrowers with a great experience from start to finish. The platform also guides consumers through a smart workflow that automatically fills out the loan application and immediately begins verifying borrower data for a single, streamlined experience.
The Cloudvirga digital mortgage platform uniquely combines a world-class borrower experience with an automated lender workflow that dramatically lowers overall loan costs, increases transparency, and reduces loan closing time. ready. Led by top fintech veterans with a background in building successful mortgage technologies, Cloudvirga’s customer base includes ten of the top 40 non-bank mortgage originators. To date, Cloudvirga has raised over $ 77 million from some of the country’s leading lenders and private equity firms. For more information visit cloudvirga.com.
About the Envoy mortgage
Founded in 1997, Envoy Mortgage is an independent, national mortgage lender headquartered in Houston, Texas, dedicated exclusively to serving retail originators to enable them to serve their clients and grow their businesses. As a Fannie, Freddie and Ginnie Authorized Dealer / Repairer, Envoy offers a full menu of loaner products with locations across the United States. the technology needed to support all functions of the mortgage process. More information is available at envoymortgage.com. Envoy Mortgage, Ltd. NMLS # 6666.
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