What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Fintech

Cloudvirga expands digital mortgage platform to wholesale lenders

The new platform is based on the fintech's platform for retail lenders

Cloudvirga has announced the expansion of its digital mortgage platform for retail lenders to wholesale lenders and their brokers.

According to the Irvine, California-based fintech company, Cloudvirga TPO has been rolled out to accommodate the increased market share of the wholesale lending sector, which has seen its market share reach almost 16% of the nation’s $2 trillion annual mortgage volume.

Mark Attaway, company co-founder, noted many large lenders have been moving into the wholesale business over the past two years, resulting in new omnichannel environments that require digital solutions.

“These lenders are saying, ‘Hey, we’d love to take the solution and be able to leverage the platform and empower brokers,” Attaway said. Attaway stated that wholesale lenders can increase their market share by offering a complete digital mortgage platform to meet their mortgage brokers’ marketing, customer service and loan process operations.

Cloudvirga TPO represents a new product, Attaway added, rather than a reconfigured version of the Cloudvirga Consumer and Originator Point of Sale products on the retail side. Cloudvirga TPO is now available on an enterprise license platform, and Attaway identified Finance of America, which uses Cloudvirga for its 1,300-plus national retail salesforce, as the first lender to incorporate Cloudvirga TPO into its wholesale network serving mortgage brokers.

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