2018 HW Tech100 Winner: Cloudvirga

Intelligent mortgage point-of-sale platforms focus on cutting costs and increasing transparency

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Cloudvirga builds intelligent mortgage point-of-sale platforms, focused on cutting costs, shortening time to close and increasing transparency. The company’s workflow results in high self-service numbers, which means more satisfied borrowers, dramatically expedited loan processing and significant cost savings per loan.

A case study by a Top 10 lender showed that Cloudvirga’s POS platform reduces mortgage origination costs by $1,500 per loan. The platform empowers 42% of its users to complete a fully self-service application via a mobile device. In just two years, Cloudvirga has grown to serve nine of the top 40 nonbank lenders in the U.S., representing more than $100 billion annual loan volume.

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