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Cloudvirga and EXOS Technologies Partner to Reduce Closing Times

digital-marketing-1725340_1920Cloudvirga, a California-based digital mortgage point-of-sale software provider, announced the integration of EXOS real-time appraisal, closing, and signing technology into its digital mortgage platform. The partnership enables Cloudvirga to leverage EXOS’ cloud-based technology to streamline mortgage processes such as appraisal, title closing, and scheduling into a seamless mobile experience for both borrowers and mortgage lenders.

“By adding the EXOS technology to Cloudvirga’s digital mortgage tech stack, we’ve managed to accomplish something that’s unheard of in the mortgage industry—a fully digital consumer and originator experience from end-to-end,” said Daniel Sogorka, CEO at Cloudvirga. “Our goal has always been to make the mortgage process as painless and straight-forward as possible for both mortgage lenders and their customers. This partnership is a testament to that commitment.”

The EXOS integration gives lenders using Cloudvirga the ability to better-manage their pipelines, close deals faster, and boost consumer loyalty and satisfaction by providing loan officers access to various parts of the lending process that had been previously disjointed.

Similarly, customers are able to take a self-serve approach to scheduling appraisal appointments, and ultimately closing on their home much faster inside one platform—alongside their trusted loan advisor.

Cloudvirga shares our commitment to improving the customer and loan officer relationship with technology that simplifies and streamlines the mortgage process,” said Kiran Vattem, EVP, Chief Digital and Technology Officer. “EXOS Technologies is focused on improving the historically manual and disconnected aspects of the mortgage manufacturing process that have previously not been addressed. Our mutual focus on efficiency and cost savings while changing the mortgage origination landscape makes for the perfect partnership.”

About Author: David Wharton

David Wharton, Editor-in-Chief at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has nearly 20 years' experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. He can be reached at [email protected].

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