{"id":39170,"date":"2018-08-20T12:08:44","date_gmt":"2018-08-20T16:08:44","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=39170"},"modified":"2018-08-20T12:09:04","modified_gmt":"2018-08-20T16:09:04","slug":"finance-of-america-mortgage-gives-advisors-and-borrowers-a-cutting-edge-experience-with-digital-mortgage-technology-from-cloudvirga","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/finance-of-america-mortgage-gives-advisors-and-borrowers-a-cutting-edge-experience-with-digital-mortgage-technology-from-cloudvirga\/","title":{"rendered":"Finance of America Mortgage Gives Advisors and Borrowers a Cutting-Edge Experience with Digital Mortgage Technology from Cloudvirga"},"content":{"rendered":"

IRVINE, Calif.,\u00a0Aug. 20, 2018\u00a0(SEND2PRESS NEWSWIRE) —\u00a0Cloudvirga<\/a>™, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform®, today announced that Finance of America Mortgage<\/a> (FAM) will deploy the Cloudvirga Enterprise POS as its digital mortgage platform.<\/p>\n

\"Cloudvirga\"
\nFAM is a full-service mortgage banker that employs more than 1,400 mortgage advisors nationwide and originates more than $13 billion in annual loan volume. Cloudvirga\u2019s private-label, enterprise-grade platform will enable FAM mortgage advisors and their assistants to streamline the mortgage process for conventional, non-conventional and government-backed (FHA\/VA\/USDA) loans.<\/p>\n

The Cloudvirga Enterprise POS<\/a> features an intelligent product selection engine that automatically calculates and compares various product scenarios with highly accurate fees. Other unique, cost-saving features of the platform include rate locking with a built-in concessions workflow, automated loan disclosure generation for all loan products and instantaneous submission of loan files to both GSEs\u2019 automated underwriting systems.<\/p>\n

\u201cImplementing the Cloudvirga Enterprise POS is a critical piece of our Two-X mission,\u201d said Bill Dallas, president, Finance of America Mortgage. \u201cTwo-X is our promise to create an environment \u2013 including the tools, resources and support \u2013 for mortgage advisors to double loan production. We believe a more efficient, reimagined digital mortgage will enable our mortgage advisors to achieve the goal of doubling production and transform the mortgage experience for clients and referral partners. Cloudvirga is an ideal partner for this effort, and we\u2019re very pleased with our progress thus far.\u201d<\/p>\n

\u201cCloudvirga has an unmatched understanding of how to digitally manufacture a loan, and our award-winning product team<\/a> is devoted to automating-out inefficiency at every step in the process,\u201d said Cloudvirga Chief Customer Officer Sean McEvoy. \u201cThe result is truly groundbreaking software that enables a leading lender like Finance of America Mortgage to \u2018wow\u2019 customers and loan officers alike while delivering unmatched cost savings<\/a>.\u201d<\/p>\n

About Cloudvirga™<\/h3>\n

Cloudvirga\u2019s digital mortgage point-of-sale (POS) software, powered by the intelligent Mortgage Platform\u00ae, uniquely combines a world-class borrower experience with a truly automated lender workflow 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 customer base includes eight of the top 40 non-bank mortgage originators. To date, Cloudvirga has raised over $77 million from some of the country\u2019s top lenders and private-equity firms.<\/p>\n

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

Twitter: @Cloudvirga @FoAMortgage #digitalmortgage<\/p>\n","protected":false},"excerpt":{"rendered":"

IRVINE, Calif., Aug. 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 that Finance of America Mortgage (FAM) will deploy the Cloudvirga Enterprise POS as its digital mortgage platform.<\/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":[39,10,38,10163,599,6,5],"tags":[205,8944,10217],"class_list":["post-39170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-california-news","category-finance-news","category-irvine-business","category-cloud-saas-news","category-software-news","category-technology-news","tag-depthpr","tag-finance-of-america-mortgage","tag-mortgage-advisors","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":8537,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/39170","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=39170"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/39170\/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=39170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=39170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=39170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}