The technology partnership will cut the average time to close in half by streamlining the digital mortgage lifecycle
IRVINE, Calif. – September 24, 2019 — Cloudvirga, a digital mortgage point-of-sale software provider, today announced the integration of EXOS real-time appraisal and closing scheduling technology into its Digital Mortgage Platform. The partnership enables Cloudvirga to leverage EXOS technology to streamline mortgage processes, like appraisal, title, closing, and scheduling, into a seamless mobile experience for both borrowers and mortgage lenders.
“By adding the EXOS technology to Cloudvirga’s digital mortgage tech stack, we’ve managed to accomplish something that’s unheard of in the mortgage industry – a fully digital consumer and originator experience from end-to-end,” said Daniel Sogorka, Chief Executive Officer at Cloudvirga. “Our goal has always been to make the mortgage process as painless and straightforward as possible for both mortgage lenders and their customers. This partnership is a testament to that commitment.”
The EXOS integration gives lenders using Cloudvirga the ability to deliver a complete digital mortgage origination experience, including critical consumer touchpoints like appraisal and closing scheduling. Lenders will be able to better-manage their pipelines, close deals faster, improve operating expense, and boost consumer loyalty and satisfaction by providing loan officers and consumers access to various parts of the lending process that had been previously offline.
Similarly, borrowers can take a self-serve approach to scheduling appraisal appointments, and ultimately closing on their home much faster inside one platform – alongside their trusted loan advisor.
“EXOS shares the commitment to improving consumer and loan officer satisfaction via technology that simplifies and streamlines the mortgage process,” said Kiran Vattem, EVP, Chief Digital and Technology Officer. “EXOS Technologies is focused on transforming antiquated offline aspects of the mortgage origination process that have previously not been addressed. Our mutual focus on efficiency and cost savings while changing the mortgage origination landscape makes for the perfect partnership.”
Technology Demo: Digital Mortgage Conference
EXOS and Cloudvirga demonstrated their technology solutions and provided an inside look at the partnership at the Digital Mortgage Conference on September 23-24, 2019 in Las Vegas.
About EXOS Technologies
EXOS, a subsidiary of ServiceLink, is the leader in providing cloud-based digital technologies to real estate lenders and servicers. EXOS Technologies transform consumers’ digital expectations around the mortgage experience through mobile apps, voice interaction, APIs, Predictive Analytics, and AI. EXOS products include Title, Valuations, Closing, and Servicing – extending and enhancing critical consumer digital touchpoints throughout the entire mortgage lending life cycle. EXOS reduces cycle times, improves quality, and enhances a lender’s relationship with their consumer. To learn more about EXOS, please visit https://www.exostechnology.com/.
The Cloudvirga Digital Mortgage Platform, uniquely combines a world-class borrower experience with an automated lender workflow that radically cuts overall loan costs, increases transparency and reduces the time to close a loan. Led by top fintech veterans with a track record of building successful mortgage technologies, the Cloudvirga customer base includes nine of the top 40 non-bank mortgage originators. To date, Cloudvirga has raised over $77 million from some of the country’s top lenders and private-equity firms. For more information, visit www.cloudvirga.com.