IRVINE, Calif., Dec. 7, 2017 — Cloudvirga™, 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.
Docutech is the leading provider of document and compliance technology for mortgage, home equity and consumer lending. Its flagship ConformX™ dynamic document generation engine will integrate seamlessly with Cloudvirga’s digital mortgage platform, pulling data directly from the POS and leveraging rules-based intelligence to automate the creation of accurate and compliant loan disclosures for all 50 states. The combination of Cloudvirga’s comprehensive loan data and Docutech’s built-in compliance checks will give loan officers confidence that loan packages are accurate and compliant from the start.
Cloudvirga will also offer Docutech’s SolexTM eSign and eDelivery functionality. Solex enables borrowers to compliantly review and sign documents using any web-enabled device. When paper delivery of the loan package is required, ConformX print and mail fulfillment service will ensure documents are delivered in the required timeframes.
“By seamlessly combining Cloudvirga’s automated workflow, comprehensive guidelines and calculations for all loan products with Docutech’s comprehensive suite of document and compliance solutions, we’re empowering loan officers to generate disclosures with ease — and to get it right the first time, every time,” said Cloudvirga Co-founder and Chief Strategy Officer Kyle Kamrooz.
“Our integration with Cloudvirga enables us to help more loan originators transition away from paper processes that are manual, time-intensive and inflexible in favor of dynamic, technology-enabled processes that streamline operations, improve processing speed and accuracy, reduce cost and delight customers,” said Amy Brandt, president and COO of Docutech.
Eight of the top 40 non-bank lenders have chosen Cloudvirga because it re-engineers the mortgage workflow to give consumers greater control over the loan application process and accelerate the mortgage sales funnel for loan officers. The company’s digital mortgage technology delivers underwriter-ready loan applications with unmatched speed and quality, resulting in massively reduced costs to produce.
Cloudvirga’s 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’s initial customer roster includes eight of the top 40 non-bank mortgage originators. To date, Cloudvirga has raised over $25 million from some of the country’s top lenders and venture capital firms. For more information, visit http://www.cloudvirga.com/or follow Cloudvirga on LinkedIn.
Founded in 1991, Idaho Falls, Idaho and Scottsdale, Ariz.-based Docutech offers a wide range of document technology solutions for mortgage, home equity and consumer lending from document generation to eDelivery, eSign, eClose and print fulfillment. The company sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. Docutech’s knowledge and solutions empower lending professionals to efficiently produce accurate loan packages in all 50 states to ensure compliance with constantly changing laws and regulations. For more information, visit the company’s website at http://www.docutech.com or follow them on social media at LinkedIn or Twitter @Docutech.
Leslie W. Colley
Depth PR for Cloudvirga