CBCInnovis,
a leading provider of mortgage credit and data validation services to
the mortgage lending industry, today announced an integration of its
credit reporting capabilities with Cloudvirga’s
digital mortgage point-of-sale software.
The integration provides CBCInnovis credit reports to loan originators
that use the Cloudvirga POS platform. The platform dynamically
re-engineers the mortgage workflow and automates manual processes,
allowing loan officers to rapidly structure and lock in
underwriting-ready deals and to close loans up to 30 percent faster.
“Both CBCInnovis and Cloudvirga customers benefit from this integration,
which makes exceptional credit reporting services available directly at
the mortgage point of sale,” said CBCInnovis President Ken Viviano.
Cloudvirga Chief Product Officer Tim Von Kaenel shares the integration
dramatically simplifies the mortgage loan process for consumers and
empowers lenders with a more robust workflow.
“The integration with CBCInnovis reduces time, cost, and risk in the
digital mortgage process,” he said. “Together, we are providing an
exceptional experience for lenders and borrowers alike.”
About CBCInnovis
CBCInnovis offers a diverse portfolio of lending support solutions to
the financial services industry. With tools designed to enhance
efficiency and streamline processes, CBCInnovis solutions can assist
with merged credit report services, identity, income and employment
verification, fraud and risk mitigation, flood determinations, property
appraisal and valuation, and closing services. http://www.cbcinnovis.com
About Cloudvirga
The Cloudvirga digital mortgage point-of-sale (POS) engine, powered by
the intelligent Mortgage Platform®, uniquely combines a world-class
borrower experience with an automated lender workflow that radically
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, the Cloudvirga customer base
includes nine of the top 40 non-bank mortgage originators. To date,
Cloudvirga has raised over $77 million from some of the country’s top
lenders and private-equity firms. For more information, visit www.cloudvirga.com
or follow Cloudvirga
on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190611005170/en/