COLUMBUS, Ohio--(BUSINESS WIRE)--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.
