Cloudvirga Partners With Ellie Mae To Integrate Digital POS With The Encompass Digital Mortgage Solution
Enables lenders to close more loans faster, while driving down the cost of loan production
IRVINE, Calif., March 20, 2019 /PRNewswire/ -- Cloudvirga™, a leading provider of digital mortgage point-of-sale (POS) software, and Ellie Mae, the leading cloud-based platform provider for the mortgage finance industry have announced an official integration partnership.
The Cloudvirga Enterprise POS platform dynamically re-engineers the mortgage workflow and automates manual processes to close loans by up to 30% faster. The tight integration between Cloudvirga and Ellie Mae makes it easy for originators to fund and close loans in Ellie Mae's Encompass® digital mortgage solution while structuring deals and locking in borrower commitment using Cloudvirga's POS.
The joint solution is a fully bi-directional integration that seamlessly maps all data fields, from disclosure tracking to itemization of fees, creating a more robust dataset than a FNMA 3.2 file. Additionally, both systems are fully synchronized whether the origination teams are in the Cloudvirga POS or Encompass.
"Cloudvirga's integration with Ellie Mae is the result of years of development and tens of thousands of closed loans on Cloudvirga's POS," said Cloudvirga Chief Product Officer Tim Von Kaenel. "Together, Cloudvirga and Ellie Mae bring an exceptional user experience to both borrowers and loan originators while dramatically driving down the cost of lending."
To request a demo of the joint Cloudvirga and Ellie Mae Encompass solution or learn more information, connect with our team or visit our website https://info.cloudvirga.com/contact-us
About Cloudvirga™
Cloudvirga's digital mortgage point-of-sale (POS) software, powered by the intelligent Mortgage Platform®, uniquely combines a world-class borrower experience with a truly 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, Cloudvirga's customer base includes eight of the top 20 mortgage originators in the United States. To date, Cloudvirga has raised over $77 million from some of the country's top lenders and private-equity firms. For more information, visit https://www.cloudvirga.com or follow Cloudvirga on LinkedIn.
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© 2019 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, Mavent®, Velocify®, the Ellie Mae logo and other trademarks or service marks of Ellie Mae, Inc. appearing herein are the property of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.
SOURCE Cloudvirga
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