CloudvirgaDigital mortgage software provider Cloudvirga and Envoy Mortgage, 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 has selected Cloudvirga to modernize its digital application, help reduce costs, increase transparency, and reduce closing times by half or more, it said in a statement.

“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 down the time it takes to traditionally close a mortgage by streamlining the digital mortgage application process for both loan officers and consumers. According to the statement, Cloudvirga’s technology currently 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.”

Founded in 1997, Envoy Mortgage is an independently owned national mortgage lender headquartered in Houston, Texas, and dedicated to serving retail originators exclusively.

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by Krishna V Kurup
Senior Market Analyst at IBS Intelligence
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