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Cloudvirga Partners With Ellie Mae

California-based Cloudvirga, a provider of digital mortgage point-of-sale (POS) software, and Ellie Mae, a cloud-based platform provider for the mortgage finance industry have announced an official partnership that integrates Cloudvirga's POS software with Ellie Mae's Encompass digital mortgage solution.

The joint solution is a fully bi-directional integration that seamlessly maps all data fields, from disclosure tracking to itemization of fees, creating a more robust dataset than a FNMA 3.2 file. Additionally, both systems are fully synchronized whether the origination teams are in the Cloudvirga POS or Encompass.

"Cloudvirga's integration with Ellie Mae is the result of years of development and tens of thousands of closed loans on Cloud Virga's POS," said Tim Von Kaenel, Chief Product Officer at Cloudvirga. "Together, Cloudvirga and Ellie Mae bring exceptional user experience to both borrowers and loan originators while dramatically driving down the cost of lending."

The Cloudvirga Enterprise POS platform dynamically re-engineers the mortgage workflow and automates manual processes to close loans by up to 30 percent faster. The tight integration between Cloudvirga and Ellie Mae makes it easy for originators to fund and close loans in Ellie Maes Encompass digital mortgage solution while structuring deals and locking in borrower commitment using Cloudvirgas POS.

Cloudvirga's digital mortgage POS software combines borrower experience with an automated lender workflow that 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, Cloudvirga's customer base includes eight of the top 20 mortgage originators in the United States. To date, Cloudvirga has raised over $77 million from some of the country's top lenders and private-equity firms.

About Author: Radhika Ojha

Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas.
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