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The Hidden Cost of Too Many Integrations
By: Tim Von KaenelJanuary 17, 2020By:Tim Von KaenelJanuary 17, 2020For more than a decade now, the digital transformation of mortgage origination has been underway. Despite this, many lenders still rely on a patchwork of technology, often because they adopt...
Mortgage Tech Is Compliance Tech
By: Maria MoskverAugust 21, 2019By:Maria MoskverAugust 21, 2019We’ve written in the past about the reasons the mortgage industry badly needs a technology makeover – and about how most so-called “digital mortgage” solutions don’t really live up to their promise. But no...
Millennials Move into Mortgage: How to Prepare for the Next Generation
By: Tim Von KaenelAugust 7, 2019By:Tim Von KaenelAugust 7, 2019Fannie Mae’s Q2 2019 Mortgage Lender Sentiment Survey shows that, after improving consumer-facing technology and streamlining business processes, improving talent management and leadership is the top...
The Digital Mortgage Is Still a Mirage
By: Daniel SogorkaJuly 25, 2019By:Daniel SogorkaJuly 25, 2019Today, most borrowers have the option of applying for a mortgage via a mobile digital application – a major process improvement from 15 years ago. But after that initial application, the mortgage origination...
Why the Best Loan Officers Are Micromanagers – And How We’re Fixing That
By: Tim Von KaenelJuly 9, 2019By:Tim Von KaenelJuly 9, 2019I know, I know. You wouldn’t think that the best performers in any profession would be micromanagers. But today, because of the way most mortgage lending systems are set up, Originators who want to close a lot...
The Shiny Objects Problems in Mortgage
By:Kyle KamroozJune 21, 2019By:Kyle KamroozJune 21, 2019A Wall Street Journal study from 2010 found that the average NFL game, despite taking about three hours to broadcast, contains less than 11 minutes of actual football playing. The other two hours and fifty-some...
Eye on the Prize: Technology Shopping Guide for March Technology Expos
By: Kyle KamroozFebruary 5, 2019By:Kyle KamroozFebruary 5, 2019The last few years have seen the emergence of dozens of new digital mortgage technologies, each promising to revolutionize some aspect of loan origination. Between the Ellie Mae Experience and the MBA’s...
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Cloudvirga™ , a leading provider of digital mortgage point-of-sale (POS) software, and Ellie Mae, the leading cloud-based platform provider for the mortgage finance industry have announced an official integration partnership.
The Cloudvirga Enterprise POS platform dynamically re-engineers the mortgage workflow and automates manual processes to close loans by up to 30% faster. The tight integration between Cloudvirga and Ellie Mae makes it easy for originators to fund and close loans in Ellie Mae’s Encompass® digital mortgage solution while structuring deals and locking in borrower commitment using Cloudvirga’s POS.
The joint solution is a fully bi-directional integration that seamlessly maps all data fields, from disclosure tracking to itemization of fees, creating a more robust dataset than a FNMA 3.2 file. Additionally, both systems are fully synchronized whether the origination teams are in the Cloudvirga POS or Encompass.
“Cloudvirga’s integration with Ellie Mae is the result of years of development and tens of thousands of closed loans on Cloudvirga’s POS,” said Cloudvirga Chief Product Officer Tim Von Kaenel. “Together, Cloudvirga and Ellie Mae bring an exceptional user experience to both borrowers and loan originators while dramatically driving down the cost of lending.”
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