Envoy Mortgage Partners with Cloudvirga to Improve the Digital Mortgage Experience for Originators and Borrowers
IRVINE, Calif., Oct. 09, 2019 (GLOBE NEWSWIRE) -- To improve the digital mortgage experience, Cloudvirga, digital mortgage software provider, and Envoy Mortgage Ltd, an independently owned national mortgage lender serving retail originators, have partnered to provide the Cloudvirga Digital Mortgage Platform to Envoy Mortgage loan officers and borrowers.
Envoy Mortgage, in its continual efforts to improve originator and borrower experiences, was looking for a solution that would modernize its digital application, help reduce costs, increase transparency, and reduce closing times by half or more. Envoy chose Cloudvirga because it met these objectives by providing a world-class experience to both consumers and loan originators with its automated lender workflow.
The new technology partnership reflects a decision by the executive team at Envoy Mortgage to prioritize the implementation of an integrated infrastructure solution to enhance loan originator efficiency, effectiveness, and productivity in an increasingly competitive market.
“We are excited that Envoy Mortgage has chosen to partner with Cloudvirga for a highly-automated loan manufacturing experience to help further increase the efficiency of its loan originators,” said Cloudvirga CEO Dan Sogorka. “We look forward to supporting Envoy Mortgage’s commitment to enabling consumers to find the best possible loan options and close them quickly and effortlessly.”
The Cloudvirga Digital Mortgage Platform cuts the time it takes to traditionally close a mortgage by streamlinin the digital mortgage application process for both loan officers and consumers. Today, Cloudvirga’s technology powers nearly $200 billion in loans annually and is used by ten of the country’s top 40 mortgage originators.
“This commitment, along with an internal process redesign, will result in a true transformation, positioning us very well for the future,” said Envoy Mortgage CIO Dan Mulberry. “It ensures our loan originators can provide referral sources and borrowers an awesome experience from start to finish. The platform also guides consumers through an intelligent workflow that automatically populates the loan application and starts verifying borrower data immediately for a uniquely streamlined experience.”
About Envoy Mortgage
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