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. :

Cloudvirga Adds Digital Mortgage Integration with Leading Mortgage Insurance Provider Radian

Cloudvirga and RADIAN

IRVINE, Calif., Aug. 7, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform, has partnered with Radian Guaranty, a subsidiary of Radian Group (NYSE: RDN), to deliver instant and accurate mortgage insurance (MI) rate quotes and streamline the ordering of MI certificates for lenders.

Cloudvirga SVP of Product Management Josephine Yen Honored by HousingWire as a 2018 Women of Influence

Josephine Yen of CloudVirga

IRVINE, Calif., Aug. 1, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform, today announced that Josephine Yen, its senior vice president of product management, has been named to HousingWire’s 2018 Women of Influence list.

Cloudvirga’s Josephine Yen Named to MPA Magazine’s 2018 Elite Women in Mortgage

Josephine Yen of CloudVirga

IRVINE, Calif., July 26, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform, today announced that senior vice president of product management Josephine Yen has been named one of Mortgage Professional America magazine’s 2018 Elite Women in Mortgage.

Cloudvirga Named One of North America’s Top 100 Tech Firms by Red Herring

Cloudvirga

IRVINE, Calif., June 21, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform, was honored today with Red Herring’s Top 100 North America award.

Cloudvirga Founder Kyle Kamrooz Accepted into Forbes Finance Council

Kyle Kamrooz of Cloudvirga

IRVINE, Calif., June 13, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(R), today announced that company co-founder Kyle Kamrooz has been accepted into the Forbes Finance Council, an invitation-only community for senior-level finance executives.

Cloudvirga Named a 2018 Benzinga FinTech Award Winner

Cloudvirga

IRVINE, Calif., May 29, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform, was honored as one of the world’s top fintech firms at last week’s Benzinga Global Fintech Awards.

Cloudvirga Raises $50M to Deliver a Truly Digital Mortgage Experience

Cloudvirga

IRVINE, Calif., May 16, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform, today announced the closing of a $50-million Series C funding round led by private-equity firm Riverwood Capital with ongoing participation from Upfront Ventures.

Cloudvirga Adds Award-Winning Appraisal Order Management from Mercury Network to Its Digital Mortgage Point-of-Sale Platform

Cloudvirga

IRVINE, Calif., April 19, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the Intelligent Mortgage Platform(R), today announced its completion of a fully automated, lights-out integration with Mercury Network, part of CoreLogic (NYSE: CLGX) and one of the industry’s largest appraisal order management platforms.

Cloudvirga and Freddie Mac Team Up to Deliver a Better Borrower Experience, Maximize Fungibility

Cloudvirga

IRVINE, Calif., April 12, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(, today launched single-click submission of loan data to both GSEs’ automated underwriting systems (AUS) in a collaborative effort with Freddie Mac, delivering on the industry need for greater transactional ease.

Cloudvirga Named to HousingWire’s TECH100 List of Most Innovative Tech Companies in Real Estate and Housing

Cloudvirga

IRVINE, Calif., April 4, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(R), today announced it has been named to HousingWire’s 2018 TECH100 list of the most innovative technology companies in U.S. real estate, mortgage lending, mortgage servicing and investments.

Major Update to Cloudvirga’s Enterprise Point-of-Sale Platform Raises the Digital Mortgage Bar

Cloudvirga

IRVINE, Calif., March 29, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(R), today announced a major update to the Cloudvirga Enterprise POS. New features designed to improve lender speed, compliance and productivity will make the platform’s 4.0 release the most robust POS solution on the market.

New Mobile App from Cloudvirga Connects Real Estate Agents with Loan Officers on Its Digital Mortgage Platform

Cloudvirga

IRVINE, Calif., March 20, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform, today announced the launch of a new mobile app that will enable real estate agents to collaborate with mortgage loan officers in real time. This native mobile app allows instantaneous and secure exchange of loan documents and communication between real estate agents and loan teams for a faster, more efficient mortgage experience.

Cloudvirga’s Kyle Kamrooz Named to MPA Hot 100 List of Top Mortgage Industry Innovators

Kyle Kamrooz of Cloudvirga

IRVINE, Calif., Feb. 8, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, today announced that its Co-founder and Chief Strategy Officer Kyle Kamrooz has been named to Mortgage Professional America (MPA) magazine’s annual Hot 100 list of the leaders and visionaries making the biggest impact on America’s mortgage industry. Kamrooz was recognized for spearheading Cloudvirga’s transformative contributions to reducing mortgage back-office costs through digital mortgage technology.

Record Year for Cloudvirga Closes with Customers of Its Digital Mortgage Platform Producing Over $100B in Loan Volume

Cloudvirga

IRVINE, Calif., Jan. 16, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM) CEO Michael Schreck is on a mission to help mortgage lenders reinvent the mortgage factory. A developer of intelligent mortgage point-of-sale platforms, Cloudvirga gives consumers and loan officers a digital mortgage experience and helps lenders grow market share by automating the mortgage back office, saving them up to $1,500 a loan.

Digital Mortgage Point-of-Sale Pioneer Cloudvirga Hires Sean McEvoy as Chief Customer Officer

Sean McEvoy joins Cloudvirga

IRVINE, Calif., Jan. 9, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, has appointed Sean McEvoy as its chief customer officer. As a member of the senior leadership team, McEvoy will be responsible for the firm’s customer leadership, implementation and support functions. He has an extensive background in building world-class customer success organizations at FileNET, IBM, Quest and Dell. He will report to Cloudvirga CEO Michael Schreck.

Cloudvirga Co-founder Kyle Kamrooz Named One of National Mortgage Professional Magazine’s 40 Most Influential Mortgage Professionals Under 40

Kyle Kamrooz of Cloudvirga

IRVINE, Calif., Dec. 21, 2017 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, today announced that its co-founder and Chief Strategy Officer Kyle Kamrooz has been named one of National Mortgage Professional magazine’s 40 Most Influential Mortgage Professionals Under 40.

Mortgage Automation Trailblazer Cloudvirga Hires Jim Portner as Chief Product Officer

Jim Portner, Cloudvirga Chief Product Officer

IRVINE, Calif., Dec. 14, 2017 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, has hired Jim Portner as chief product officer. Portner will report to Cloudvirga CEO Michael Schreck and will oversee product strategy, development and marketing for the company’s digital mortgage automation platforms.

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.