Cloudvirga | News
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Mortgage automation company Cloudvirga has announced the addition of Jim Portner as its chief product officer. Portner brings more than two decades of experience to the company. He will report to CEO Michael Schreck and will oversee product strategy, development and marketing for the company's digital mortgage automation...

Cloudvirga, Irvine, Calif., announced a parternship with Docutech, Idaho Falls, Idaho, that will enable Cloudvirga's lender customers to work more efficiently, reduce the cost of document compliance and make the home loan experience more convenient for borrowers. Docutech provides document and compliance technology for mortgage, home...

HousingWire has honored Cloudvirga founder and Chief Strategy Officer Kyle Kamrooz with its 2017 Vanguard Award. Presented to 45 luminaries from all corners of housing finance, HousingWire's Vanguard Award program honors the executives driving the mrotgage industry forward through their leadership and innovation.oting and recognizes...

Cloudvirga, a provider of mortgage process automation, announced Tuesday that the company hired Stephen DeSantis to serve as its new chief financial officer. In this role, DeSantis will be responsible for "driving Cloudvirga's financial strategies to accelerate its growth," the company said in a release. DeSantis...

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.