On Wednesday, Digital mortgage point-of-sale software provider Cloudvirga announced it raised $50 million in its latest funding round. The company's Series C funding round was led by private equity firm Riverwood Capital, and saw participation from Upfront Ventures, the company said. Cloudvirga, which was recently named...
The Benzinga Global Fintech Awards are a yearly showcase of the greatest advances in fintech from leaders and visionaries in the worlds of finance and technology. This year, we have executives, developers and innovators from the likes of Facebook, Amazon, IBM, JP Morgan, Zelle, TD...
Cloudvirga™, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the Intelligent Mortgage Platform®, today announced its completion of a fully automated, lights-out integration with Mercury Network, part of CoreLogic (NYSE: CLGX) and one of the industry's largest appraisal...
Kyle Kamrooz of Cloudvirga writes: "Automated Underwriting Systems (AUS) take different approaches when it comes to analyzing mortgage application data and returning feedback on the basis of which lenders can originate mortgage loans. For loan teams who find themselves wondering, 'should I run this loan...
Mortgage lenders can now maximize loan fungibility in the secondary market with the launch of a single-click loan-data submission to the automated underwriting systems (AUS) of Fannie Mae and Freddie Mac. The new functionality results from a collaborative effort between Cloudvirga and Freddie Mac. The submission...
Mortgage point-of-sale (POS) software provider Cloudvirga recently launched single-click submission of loan data to Freddie Mac's and Fannie Mae's automated underwriting systems. The dual-AUS submission and review process, which was developed in collaboration with Freddie Mac, allows lenders to maximize loan fungibility in the secondary market...
Digital mortgage point-of-sale software provider Cloudvirga announced Thursday it has launched single-click submission of loan data to both GSEs' automated underwriting systems in a new collaboration with Freddie Mac. The effort delivers on the industry need for greater transactional ease, Cloudvirga said in a press release. "We're...
Cloudvirga, in collaboration with Freddie Mac, has created the capability for loan officers to submit mortgage loan data to both government-sponsored enterprises' automated underwriting systems simultaneously with a single click. Currently, if a loan officer wanted to submit to both Fannie Mae's Desktop Underwriter and Freddie...
Cloudvirga™, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform®, today announced a major update to the Cloudvirga Enterprise POS. New features designed to improve lender speed, compliance and productivity will make the platform's 4.0...
Cloudvirga, Irvine, Calif., announced an update to the Cloudvirga Enterprise POS. New features are designed to improve lender speed, compliance and productivity. Available April 2, the 4.0 release is compatible with the latest Home Mortgage Disclosure Act data collection and reporting requirements. Read full coverage in MBA...
As Chief Customer Officer, Sean is responsible for cloudvirga’s customer leadership, implementation, account management and support functions. With 20+ years of experience driving change and strategy to enhance the customer experience, he has built world-class customer success organizations at FileNET, IBM, Quest and Dell.
His career accomplishments include establishing a $200 million renewal global sales channel as a business unit executive for IBM; overseeing six acquisitions and launching offshore delivery centers as vice president of support and services for Quest Software (acquired by Dell in 2012); and serving as global leader of technical consultancy services while vice president of technical operations for FileNET (acquired by IBM in 2006).
He holds a master’s degree in international business administration and a bachelor’s degree in software engineering.
Jim is a career product professional who has been focused exclusively on customer-centered innovation in the fintech industry. From prior executive product leadership positions at Intuit, Sage Software, ADP, First American and CoreLogic, he possesses a broad understanding of customer needs as well as the knowledge and expertise necessary to deliver products and services that meet and exceed those needs.
His unique background stemming from world-class software companies combined with a decade focused on the mortgage data and analytics space provides Cloudvirga with a product leader with the ability to not only understand the complexities of the mortgage marketplace, but the skills and expertise necessary to turn those opportunities into disruptive solutions.
Jim holds an MBA from Emory University in Atlanta, a Masters of Business Taxation from the University of Southern California and a Bachelor of Science in Business Finance from California State University, Long Beach.
Bill Dallas is a visionary in the fintech industries, responsible for founding and managing more than a dozen mortgage startups and financial tech companies over the past 40 years. His first venture, First Franklin, grew to be one of the nation’s largest lenders and eventually sold for $330 million. Other hugely successful ventures include risk management solution Interthinx and lending process automation software company Mindbox, which Bill sold for $27 million and $20 million, respectively. Most recently, Bill sold a minority stake of Own It to Merrill Lynch for $500 million.
Although technology has disrupted and improved many industries, the antiquated mortgage lending process remains manual, slow and costly. Along with his co-founders, Bill created the intelligent Mortgage Platform (iMP), the enabling technology behind cloudvirga’s mortgage point-of-sale platforms which leverages data and an intelligent workflow to drastically cut the time and cost associated with closing a loan. The proven system, which has already processed more than $7 billion in loans, is successfully transforming home lending by digitizing, automating and simplifying the process for consumers, lenders and Realtors®.
Currently CEO of Skyline Home Loans, a top-50 mortgage lender, Bill serves as chairman of cloudvirga’s board of directors. He holds a law degree from Santa Clara University School of Law as well as an undergraduate degree from Bowling Green State University, where he graduated magna cum laude.
Kyle Kamrooz has 18 years of senior/executive management experience in residential mortgage lending. By age 25, Kyle had built one of the largest direct-to-consumer mortgage lending companies in Orange County. His next venture, a nationwide mortgage company, processed more than $7 billion in loans yearly and employed more than 500 employees.
Kyle witnessed first-hand the inefficiencies of the home loan process for both consumers and lenders and earned Direct Endorsement underwriting approval from the FHA to better understand the problem. While serving as executive vice president at top-40 lender Skyline Home Loans, Kyle developed the digital mortgage platform that would become cloudvirga.
Since co-founding cloudvirga in 2016, Kyle has led the company through multiple rounds of investment funding, set the vision for its flagship POS systems, forged partnerships with leading mortgage service providers, and signed eight of the top 40 non-bank mortgage lenders.
Kyle serves on Fannie Mae’s Technology Advisory Board and is a member of the Mortgage Bankers Association, where he has served on the Loan Production, Legal and Regulatory Compliance, and State Legislative & Regulatory committees.
Kyle’s thought leadership has been featured in TechCrunch and The Huffington Post. He was named one of Entrepreneur magazine’s inspiring tech entrepreneurs under 40.
Mark Attaway has over 25 years of executive and hands-on experience in delivering technologies that automate the real estate and mortgage industries. Before co-founding cloudvirga, he served as chief information officer for Skyline Home Loans, where he played a critical role in creating streamlined online origination processes for consumers and loan professionals. Before that, Mark co-founded the AQUA title decisioning and workflow system as chief information officer for LSI/ServiceLink, where Mark worked for ten years. Earlier in his career, Mark co-founded ACS Systems, Inc, which later became a wholly-owned subsidiary of Fidelity National Title, and served as president of interest transaction intermediary company Escrow.com.
For over 20 years, Michael Schreck has built and led pioneering companies whose innovative technologies enable the world’s leading brands to better engage with their customers. Prior to his CEO role at Cloudvirga, Michael served as the Managing Director of Altisource Labs, an innovation center within mortgage software provider Altisource Portfolio Solutions. In that role, he was responsible for overseeing more than 1,000 employees across four next-generation software and analytics companies, including leading software-as-a-service providers Equator and Mortgage Builder.
Michael previously held CEO positions at digital publishing firm Zmags and government service provider Corrective Solutions. He also co-founded General Catalyst Partners, a multi-billion-dollar venture capital firm where Michael helped develop successful startups including Upromise, SmartBargains, m-Qube and CoreMetrics. Collectively, these companies were acquired for over $1 billion by SLM, GSI Commerce, VeriSign and IBM, respectively.
Michael started his career as a strategy consultant at McKinsey & Company and Monitor Company. He holds an MBA degree from Harvard Business School and a bachelor’s degree from Brigham Young University.
