New offering speeds up origination process for brokers and borrowers
Mortgage tech company Cloudvirga has announced the launch of its new wholesale third-party origination (TPO) platform.
Cloudvirga, acquired by Stewart in 2021, offers point-of-sale platforms for mortgage professionals and brokers. The fintech firm said the TPO platform is the “next evolution of a growing market requiring digital solutions for complex loan transactions that are fast and secure.”
“Our new TPO offering is a game-changer for point-of-sale transactions, especially with brokers,” said Cloudvirga president Maria Moskver. “Before, brokers were very limited in what they could do in the TPO system. We built this platform because brokers should have options and the technology they deserve to go along with those options, and our new TPO platform does just that; it empowers the broker with a technology that speeds up the origination process, making choosing a lender that much easier.”
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The new platform gives borrowers 24/7 access to its portal and allows brokers to make real-time updates and changes. It also features e-signing of lender disclosures with automated compliance, and other e-verifications and borrower collaboration.
“Since its inception in 2017, Cloudvirga has focused on creating the best experience with the right tools for both borrowers and loan officers, and our TPO platform is a continuation of this commitment,” Moskver said. “Our team’s sole focus is mortgage origination, and we will continue to develop and deliver the products and tools our clients and the market are asking for.”
