Cloudvirga Inc. News Room

Cloudvirga Inc. Newsroom - Profile and News Archive

Cloudvirga, Inc. is the company behind the cloud-based intelligent Mortgage Platform® (iMP) designed to streamline the mortgage process.

The cloudvirga℠ platform is digitizing the mortgage industry by leveraging data and deploying an automated workflow to reduce overall cost, increase transparency and shorten the time it takes to close a loan for both borrowers and lenders. Founded by Bill Dallas, Kyle Kamrooz and Mark Attaway, seasoned financial veterans with a proven track record of building mortgage-related technologies, cloudvirga is disrupting the antiquated mortgage industry.

The story behind cloudvirga is unique. We began as an internal development initiative within one of the country’s top 25 lenders. It was an experiment to see if it was possible to transform the chaos and manual processes in lending with a more robust workflow and consistent consumer experience, while truly moving the needle on driving down rising loan costs.

Being built within a major lender provided unparalleled access to typical challenges lenders face. Five thousand loans later, the intelligent Mortgage Platform® is the real deal. We made it more efficient, very compliant, and less costly to close a loan. Best of all, we made it better for the consumer.

Cloudvirga is now deploying with several lender partners that share our core belief that we cannot simply “shift” from one software platform to another—we need to fundamentally transform how loans are done.

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Learn more online at: http://www.cloudvirga.com/

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Press Releases from Cloudvirga Inc. :

Docutech and Cloudvirga Partner to Help Loan Officers Work More Efficiently

Cloudvirga and Docutech

IRVINE, Calif., Dec. 7, 2017 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, today announced a partnership with Docutech 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.

Cloudvirga’s Kyle Kamrooz Honored with HousingWire Vanguard Award for Mortgage Industry Leadership

Kyle Kamrooz of Cloudvirga

IRVINE, Calif., Dec. 1, 2017 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), the developer of intelligent mortgage point-of-sale (POS) platforms, today announced that its founder and COO Kyle Kamrooz is a winner of HousingWire’s third annual Vanguard Awards. Kamrooz was recognized for company leadership as well as his substantial contributions to the mortgage industry at large.

Cloudvirga Names Stephen DeSantis as Chief Financial Officer

Steve DeSantis of Cloudvirga

IRVINE, Calif., Nov. 21, 2017 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, has appointed Steve DeSantis as its new chief financial officer. A seasoned technology finance executive, DeSantis will be responsible for driving Cloudvirga’s financial strategies to accelerate its growth. He will report to Cloudvirga’s recently appointed CEO Michael Schreck.

Five Top-30 Lenders Choose Cloudvirga’s Digital Mortgage Platform in Last 100 Days

cloudvirga

IRVINE, Calif., Nov. 15, 2017 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, has signed five of the nation’s top 30 non-bank lenders in the last 100 days. The new customers collectively originate over $100 billion in loans annually.

Mortgage Automation Pioneer Hires Veteran Tech Entrepreneur Michael Schreck as CEO

Michael Schreck

IRVINE, Calif., June 13, 2017 (SEND2PRESS NEWSWIRE) — Cloudvirga(SM), developer of next-generation loan officer and direct-to-consumer point-of-sale (POS) systems, has named Michael Schreck its chief executive officer. He succeeds cloudvirga co-founder Bill Dallas, who will continue as chairman of cloudvirga’s board of directors.

Mortgage Automation Pioneer cloudvirga Raises $15 Million in Series B Funding

cloudvirga

IRVINE, Calif., March 27, 2017 (SEND2PRESS NEWSWIRE) — Cloudvirga(SM), developer of the automated, cloud-based intelligent Mortgage Platform(R) (iMP), announced today it has raised $15 million in a series B funding round led by Incenter, a Blackstone Group portfolio company. The new funding will support cloudvirga as it scales its technology and expands its product offerings.