Cloudvirga co-founder Kyle Kamrooz named a top innovator!
Aug 25, 2017
An experienced lending and financial technology professional, Kyle Kamrooz has 17+ years of executive management experience. Kamrooz co-founded cloudvirga in 2015, a developer of modern mortgage workflows and technology that is re-imagining the digital mortgage process and making it possible for lenders of all sizes to remain competitive.
Cloudvirga’s next-generation loan officer and direct-to-consumer point-of-sale systems leverage data and automation to cut overall loan costs, giving borrowers more control and reducing the time it takes to close a loan for both borrowers and lenders. The company’s clients report that 70% of consumers who start a loan application using cloudvirga’s platform complete the application without further loan officer intervention and 42% of them do it on a mobile device. Cloudvirga has raised nearly $23 million in venture capital from investors that include a Blackstone Group portfolio company, Upfront Ventures, Dallas Capital and an affiliate of a top-five mortgage originator. The company has already processed more than $7 billion in loans for an initial customer roster that includes eight of the top 40 non-bank mortgage originators in the U.S.
This profile first appeared in The Orange County Business Journal.
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