cloudvirga - intelligent Mortgage Platform | News
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by Austin Kilgore, Editor in Chief, National Mortgage News

Lenders and technology developers have made considerable progress improving the customer experience of applying for a mortgage. And after years of regulatory and business uncertainty that's depleted budgets and stifled innovation, momentum for widespread digital mortgages may finally be on their side.

by Austin Kilgore, Editor in Chief, National Mortgage News

For more than a decade, technologists have envisioned a fully paperless origination process where the closing transaction is consummated with an electronic promissory note. The e-mortgage mantra held that digital forms and electronic signatures could save the industry time and money by not printing, faxing and shipping paper between borrowers, lenders and investors.

by Kyle Kamrooz, Co-founder, Cloudvirga

The mortgage industry is suffering from shiny object syndrome, and it's hampering the progress we could be making toward true innovation and transformation. Lending executives are under dual pressure from both the CFPB's directive to deliver a glitch- and complaint-free "borrower experience" and reports of consumer demand for mortgage transactions that resemble other app-enabled online purchases.

In response, many are focusing the bulk of their time and resources on user experience and overlooking an area of far greater pain: the frustratingly inefficient mortgage process happening behind all those pretty loan applications.

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.

Source: Podcast

During this podcast, Bill Dallas shares his guiding principles in business and life for the past few decades. This podcast is full of insight that can be applied not just to mortgage entrepreneur, but to everyone.

Watch Here