The integration gives lenders access to Factual Data's credit reports
Factual Data, a provider of mortgage and data validation services, has integrated its credit reporting capabilities with Cloudvirga's digital point-of-sale software.
With the integration, lenders who use Cloudvirga's platform can access Factual Data's credit reports. Cloudvirga Chief Product Officer Tim Von Kaenel said that the integration aims to simplify the mortgage process for consumers and lenders.
“Lenders are looking for exceptional credit reporting services directly at the point of sale,” said Factual Data President Jay Giesen. “This integration answers that demand. This integration with Factual Data reduces time, cost, and risk in the digital mortgage process. Together, we are providing an exceptional experience for lenders and borrowers alike.”
In June, Cloudvirga also integrated its digital mortgage platform with CBCInnovis to automate manual processes and streamline mortgage workflow, enabling loan officers to structure and close loans faster.
