{"id":32080,"date":"2018-01-16T13:33:00","date_gmt":"2018-01-16T18:33:00","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=32080"},"modified":"2018-07-30T11:09:30","modified_gmt":"2018-07-30T15:09:30","slug":"record-year-for-cloudvirga-closes-with-customers-of-its-digital-mortgage-platform-producing-over-100b-in-loan-volume","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/record-year-for-cloudvirga-closes-with-customers-of-its-digital-mortgage-platform-producing-over-100b-in-loan-volume\/","title":{"rendered":"Record Year for Cloudvirga Closes with Customers of Its Digital Mortgage Platform Producing Over $100B in Loan Volume"},"content":{"rendered":"

IRVINE, Calif.,\u00a0Jan. 16, 2018\u00a0(SEND2PRESS NEWSWIRE) —\u00a0Cloudvirga™<\/a> 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<\/a>.<\/p>\n

\"cloudvirga\"
\n2017 was a banner year for Cloudvirga. In November, the company announced the addition of five top-30 lender customers<\/a> to its digital mortgage platform, and it added a sixth top-30 lender in December. Together, these customers produced over $100B in loan volume in 2017.<\/p>\n

\u201cWe are proud to have earned the support of the industry\u2019s leading lenders,\u201d said Schreck. \u201cWe believe their trust is indicative of Cloudvirga\u2019s unique mission to offer customers a response to Rocket Mortgage while also attacking the serious cost problems involved in producing a loan.\u201d<\/p>\n

Also in 2017, Cloudvirga raised a $20M Series B<\/a> led by Blackstone Group (NYSE: BX) portfolio company Incenter. To date, the firm has raised over $27M in total funding to scale its enterprise-class technology and invest in vendor partnerships, including a recently announced integration with Docutech<\/a>, the industry\u2019s leading provider of document and compliance technology.<\/p>\n

Cloudvirga hired Schreck<\/a>, a veteran tech entrepreneur and former Altisource (NASDAQ: ASPS) senior executive, as its new CEO in June. The firm\u2019s previous CEO, co-founder Bill Dallas, continues to advise Cloudvirga as chairman of its board of directors.<\/p>\n

Since then, Schreck has overseen several high-profile additions to Cloudvirga\u2019s leadership team, including the appointment of former ShiftPixy (NASDAQ: PIXY) CFO Stephen DeSantis as chief financial officer<\/a>; former Intuit (NASDAQ: INTU) and First American (NYSE: FAF) executive Jim Portner as chief product officer<\/a>; and former Dell (NYSE: DVMT) and IBM (NYSE: IBM) executive Sean McEvoy as chief customer officer<\/a>.<\/p>\n

In December, Cloudvirga co-founder and Chief Strategy Officer Kyle Kamrooz received top industry honors<\/a> as one of HousingWire<\/em> magazine\u2019s 2017 Vanguard Award winners. He was also recognized by National Mortgage Professional<\/em> magazine<\/a> as one of the mortgage industry\u2019s most influential professionals under 40.<\/p>\n

About Cloudvirga™:<\/strong><\/h3>\n

Cloudvirga\u2019s intelligent mortgage point-of-sale (POS) platforms uniquely combine a world-class borrower experience with a truly digital lender platform that radically cuts overall loan costs, increases transparency and reduces the time to close a loan. Founded by top fintech veterans with a track record of building successful mortgage technologies, Cloudvirga\u2019s initial customer roster includes nine of the top 40 non-bank mortgage originators. To date, Cloudvirga has raised over $27 million from some of the country\u2019s top lenders and venture capital firms.<\/p>\n

For more information, visit\u00a0http:\/\/www.cloudvirga.com\/<\/a> or follow Cloudvirga on LinkedIn<\/a>.<\/p>\n

*LOGO: Send2Press.com\/300dpi\/17-1115s2p-cloudvirga-300dpi.jpg<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":6993,"featured_media":30844,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,1,10,38,10163,554,599,6,5],"tags":[9666,205,9067,9589,8737],"class_list":["post-32080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-business-news","category-california-news","category-finance-news","category-irvine-business","category-orange-county-news","category-cloud-saas-news","category-software-news","category-technology-news","tag-ceo-michael-schreck","tag-depthpr","tag-digital-mortgage","tag-docutech","tag-fintech","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":5449,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/32080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/6993"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=32080"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/32080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/30844"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=32080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=32080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=32080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}