Tag Archives: Digital Mortgage

Former loanDepot executive joins Cloudvirga as chief product officer

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(TM), a leading provider of digital mortgage software, announced it has appointed Tim Von Kaenel to the role of chief product officer. In this role, Von Kaenel will oversee product strategy, design and go-to-market planning for Cloudvirga's growing suite of digital mortgage point-of-sale products. Von Kaenel will report to Cloudvirga CEO Michael Schreck.

Von Kaenel has been driving product success at tech start-ups and Fortune 500 companies for more than 20 years. Immediately before joining Cloudvirga, Von Kaenel served as chief product officer at loanDepot, the nation's fifth-largest retail lender, where he drove technology strategy for the company's digital mortgage lending platform, mello.

Prior to his tenure at loanDepot, Von Kaenel led startups in the financial services, software and wireless broadcast sectors to several successful spin-outs and acquisitions as well as two initial public offerings. Von Kaenel co-developed and holds the patents for more than a dozen wireless broadcasting, RFID and information services tools.

"In today's competitive mortgage market, it is critical that lenders leverage technology that produces a tangible and lasting return on investment," said Cloudvirga CEO Michael Schreck. "I can think of no one better than Tim to fulfill Cloudvirga's commitment of 'delivering on the promise of tomorrow's digital mortgage today'."

"After working inside one of the nation's largest mortgage lenders, I know first-hand how much our industry needs a digital mortgage solution like Cloudvirga that turbocharges efficiency and delivers a first-class borrower experience," said Von Kaenel. "I'm excited to expand on the success of our Enterprise POS with the launch of a first-of-its-kind Broker POS in partnership with ARIVE."

Von Kaenel joins an award-winning executive team at Cloudvirga. In December, CEO Michael Schreck was honored with HousingWire's HW Vanguard Award. Company Co-founder Kyle Kamrooz was named 2018's Innovator of the Year by the Orange County Business Journal, and SVP of Product Management Josephine Yen was recently named a HousingWire Woman of Influence.

For a list of current job opportunities available at Cloudvirga, visit https://www.cloudvirga.com/company/careers/.

About Cloudvirga(TM):

Cloudvirga's digital mortgage point-of-sale (POS) software, powered by the intelligent Mortgage Platform(r), uniquely combines a world-class borrower experience with a truly 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, Cloudvirga's 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 https://www.cloudvirga.com/ or follow Cloudvirga on LinkedIn.

Twitter: @Cloudvirga #digitalmortgage #peoplemovers

Cloudvirga(TM), a leading provider of digital mortgage software, announced it has appointed Tim Von Kaenel to the role of chief product officer. In this role, Von Kaenel will oversee product strategy, design and go-to-market planning for Cloudvirga's growing suite of digital mortgage point-of-sale products. Von Kaenel will report to Cloudvirga CEO Michael Schreck.

Related link: https://www.cloudvirga.com/

Cloudvirga taps former Altisource CTO as executive vice president of technology

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(TM), a leading provider of digital mortgage software, today announced that mortgage industry veteran James Vinci has been selected to fill the firm's newly created executive vice president of technology position. In this role, Vinci will execute Cloudvirga's technical vision, oversee initiatives to strengthen developer talent and collaborate across departments to scale technical initiatives to the company's explosive growth.

Vinci has 25 years of experience overseeing technology strategy, product development and service provider partnerships at leading mortgage technology companies. Prior to joining Cloudvirga, Vinci held multiple C-level positions at Equator, an affiliate of real estate and mortgage technology firm Altisource (NASDAQ: ASPS). Vinci spent his early career building business process automation solutions for Xerox Professional Services (NYSE: XRX) and other mortgage services providers.

"James' deep, hands-on leadership in mortgage process automation is a huge boon for Cloudvirga as we continue our ambitious vision of delivering unmatched cost savings and borrower satisfaction to top mortgage lenders," said Cloudvirga CEO Michael Schreck. "We are proud to welcome James to the team."

"Lender demand to automate business workflows is at an all-time high, making it a particularly exciting time to join the Cloudvirga team," said Vinci.

Two years after breaking ground, Cloudvirga continues to capture the financial endorsement of prominent investors and lenders alike with its pioneering digital mortgage technology. In the last six months, the firm has raised $50 million in private-equity funding and expanded its product lineup beyond the acclaimed Enterprise POS with the launch of Mobile POS and announcement of an upcoming Broker POS in partnership with ARIVE.

For a list of current job opportunities available at Cloudvirga, visit https://www.cloudvirga.com/company/careers/.

About Cloudvirga(TM):

Cloudvirga's digital mortgage point-of-sale (POS) software, powered by the intelligent Mortgage Platform(r), uniquely combines a world-class borrower experience with a truly 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, Cloudvirga's 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 https://www.cloudvirga.com/ or follow Cloudvirga on LinkedIn.

Twitter: @Cloudvirga #digitalmortgage #peoplemovers

Cloudvirga(TM), a leading provider of digital mortgage software, today announced that mortgage industry veteran James Vinci has been selected to fill the firm's newly created executive vice president of technology position. In this role, Vinci will execute Cloudvirga's technical vision, oversee initiatives to strengthen developer talent and collaborate across departments to scale technical initiatives to the company's explosive growth.

Related link: https://www.cloudvirga.com/

Former Roostify exec joins Cloudvirga as chief customer success officer

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(TM), a leading provider of digital mortgage software, today announced the appointment of Jesse Decker to the role of chief customer success officer. Decker will lead the company's customer success division and work collaboratively with its product development and marketing teams to help leading mortgage lenders leverage the full potential of Cloudvirga's revolutionary point-of-sale (POS) products.

Decker has more than two decades of experience overseeing enterprise technology transformations and customer success programs. Before joining Cloudvirga, she was vice president of client services at mortgage fintech Roostify, where she supported successful implementations at several banks and independent mortgage lenders. Previously, she served as a management consultant for Booz Allen Hamilton and other top-tier consulting firms, where she delivered advisory services to clients in financial services, telecommunications and other sectors.

"The cry for digital technology that meaningfully improves the customer experience and reduces the cost to produce a mortgage has never been louder," said Decker. "I'm thrilled to bring my experience helping major lending institutions implement transformative technology that delights customers to Cloudvirga, and I look forward to helping lenders take control over their margins in a tight market."

"Cloudvirga's obsession with solving the mortgage cost problem has resonated deeply with top lenders, igniting our rapid growth," said Cloudvirga CEO Michael Schreck. "We are proud to expand our senior team with an experienced leader who knows the digital mortgage space as well as Jesse does."

Since its founding just two years ago, Cloudvirga has grown to serve nine of the top 40 mortgage lenders in the United States with a rapidly expanding suite of digital mortgage solutions that includes its award-winning Enterprise POS, recently-launched Mobile POS and a highly anticipated Broker POS in partnership with ARIVE.

For a list of current job opportunities available at Cloudvirga, visit https://www.glassdoor.com/Jobs/Cloudvirga-Jobs-E1342665.htm.

About Cloudvirga(TM):

Cloudvirga's digital mortgage point-of-sale (POS) software, powered by the intelligent Mortgage Platform(R), uniquely combines a world-class borrower experience with a truly 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, Cloudvirga's 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 https://www.cloudvirga.com/ or follow Cloudvirga on LinkedIn.

Twitter: @Cloudvirga #digitalmortgage #peoplemovers

Cloudvirga(TM), a leading provider of digital mortgage software, today announced the appointment of Jesse Decker to the role of chief customer success officer. Decker will lead the company's customer success division and work collaboratively with its product development and marketing teams to help leading mortgage lenders leverage the full potential of Cloudvirga's revolutionary point-of-sale (POS) products.

Related link: https://www.cloudvirga.com/

Digital Mortgage Maven Kelly Purcell Joins NotaryCam as EVP of Marketing and Business Development

NEWPORT BEACH, Calif. /ScoopCloud/ -- NotaryCam(R), leader in online notarization and the original provider of mortgage eClosing solutions, today announced that the company has hired digital mortgage specialist Kelly Purcell as Executive Vice President of Marketing and Business Development.

Purcell will bring her more than 30 years of financial services and digital mortgage strategy expertise to oversee NotaryCam's marketing, industry partnerships and enterprise sales efforts.

"With the launch of eClose360, NotaryCam is forging new ground in remote online notarizations and closings, and there's no one better to help us blaze this trail than Kelly Purcell," said NotaryCam Founder Rick Triola. "Her insights and expertise on digital mortgage strategy and execution are second to none, and we're confident that NotaryCam's clients will benefit tremendously from her presence on the team."

Before joining NotaryCam, Purcell founded eRelevant Consulting to advise lenders on using digital technology solutions to meet business objectives, overcome problems and remain competitive. Prior to that, Purcell spent more than 14 years with eSignSystems as Executive Vice President of Sales and Marketing, a position she maintained through two acquisitions - first by Wave Systems in August 2001 and then by DocMagic in October 2014. Purcell also co-founded SignOnline in 1999, which was later re-branded as eSignSystems.

"Having been a career-long advocate for digital mortgage adoption, I am especially eager to join the NotaryCam team to help industry players realize the benefits of remote online notarization and remote online closings and look forward to working directly with NotaryCam's clients and partners in realizing the full potential of the eClose360 platform," Purcell said.

About NotaryCam:

After pioneering the world's first remote online notarization (RON), career real estate executive Rick Triola founded NotaryCam in 2012, and shortly thereafter, the company completed the first remote online closing (ROC) in 2014. Today, NotaryCam is the leader in online notarization and mortgage eClosing solutions, having notarized documents worldwide for hundreds of thousands of customers in all 50 states. The company's patented eClose360(R) platform delivers the "perfect" online mortgage closing in every jurisdiction with a flexible workflow for document recording and unparalleled identity verification, security and customer convenience. NotaryCam also proudly maintains an industry-leading 99.8 percent customer satisfaction rating.

Visit https://www.notarycam.com for additional information or to get a document notarized today.

Twitter: @NotaryCam #ROC #RON #digitalmortgage #emortgage #eclosing #enotary

NotaryCam, leader in online notarization and the original provider of mortgage eClosing solutions, today announced that the company has hired digital mortgage specialist Kelly Purcell as Executive Vice President of Marketing and Business Development.

Related link: https://www.notarycam.com/

Cloudvirga announces live from the Digital Mortgage conference stage its Mobile POS product

LAS VEGAS, Nev. /ScoopCloud/ -- Cloudvirga(TM), a leading provider of digital mortgage software, today announced its Cloudvirga Mobile POS, a mobile-first mortgage point-of-sale solution tuned to serve the needs of loan originators and homebuyers in a purchase mortgage market.

Backed by the same intelligent mortgage engine that powers Cloudvirga's award-winning Enterprise POS, the Mobile POS allows loan originators to collaborate with borrowers and real estate agents seamlessly and from any web-enabled device. Task automation, built-in workflows and event-driven reminders keep the loan process moving at all times to boost originator productivity.

Loan officers and brokers can configure the borrower experience on a per-loan basis with in-app options such as:
* A customized Form 1003 application (streamlined or full)
* Configurable credit check capabilities (soft, full or none)
* A fully customizable needs list
* Configurable electronic asset verification.

Any mobile web browser delivers on-the-go access to loan details, documents and milestones for borrowers, home builders and real estate agents. Loan officers and brokers also have access to a dedicated mobile app. Directed workflows and event-driven notifications keep borrowers focused on their key tasks, speeding completion of the loan application, and live collaboration features give borrowers instant access to the experience and advice of their loan officer or broker.

"Automating bits and pieces of a broken mortgage process is like putting a Band-Aid on a bullet wound. Cloudvirga is different; we reinvent the mortgage process first, then automate it," said Cloudvirga CEO Michael Schreck. "Our intelligent mortgage engine is our customers' secret weapon, and we're proud to make it available on-demand in a mobile-first format that suits the busy lives of originators and borrowers, particularly in this purchase mortgage market."

Schreck announced the new product from the stage of Digital Mortgage 2018, where Cloudvirga was a platinum sponsor. For more information about Cloudvirga Mobile POS, visit https://www.cloudvirga.com/products/mobile-pos/.

About Cloudvirga(TM)

Cloudvirga's digital mortgage point-of-sale (POS) software, powered by the intelligent Mortgage Platform(r), uniquely combines a world-class borrower experience with a truly 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, Cloudvirga's customer base includes eight 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 http://www.cloudvirga.com or follow Cloudvirga on LinkedIn.

*LOGO for media: Send2Press.com/300dpi/18-0917s2p-cloudvirga-300dpi.jpg

@Cloudvirga #digmortgage18 #mobilePOS

Cloudvirga(TM), a leading provider of digital mortgage software, today announced its Cloudvirga Mobile POS, a mobile-first mortgage point-of-sale solution tuned to serve the needs of loan originators and homebuyers in a purchase mortgage market.

Related link: http://www.cloudvirga.com/

American Financial Network Deploys Cloudvirga Digital Mortgage Technology Nationwide

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(TM), a leading provider of digital mortgage software, today announced the deployment of its Cloudvirga Enterprise POS to all 100 branch locations of American Financial Network (AFN), a privately held mortgage company that employs over 750 loan officers and serves tens of thousands of customers nationwide. AFN funded over $5 billion in loans in 2017 and is one of the fastest-growing mortgage lenders in the United States.

The Cloudvirga Enterprise POS is a private-label digital mortgage platform that enables AFN loan officers to convert more prospects into applicants by automatically selecting, comparing and calculating fees for all loan types. Cloudvirga's intelligent lender workflow delivers state-of-the-art features not available in competing platforms to help AFN reduce per-loan production expenses while improving compliance and customer satisfaction.

"Cloudvirga is no mere digital loan application technology," said Cloudvirga Co-founder Kyle Kamrooz. "We provide top lenders like AFN cutting-edge technology that drives down the cost of loan production by reinventing how mortgages are manufactured."

"Cloudvirga is changing how we work in the best possible way," said AFN President John Sherman. "We're removing inefficiency from the mortgage process and freeing our loan officers to take on more loans by focusing their time on the parts of their jobs that require a human touch - like delivering exceptional customer service."

About American Financial Network, Inc.:

Established in 2001 by Jack and John Sherman, American Financial Network, Inc. (AFN) is a licensed mortgage lender (NMLS #237341) that is proud to have assisted hundreds of thousands of customers in financing their American dream of homeownership over the last 17 years. AFN is based in Brea, California; is licensed in 46 states plus Washington, D.C.; and remains on an impressive growth trajectory. AFN is an approved Fannie Mae and Freddie Mac seller/servicer, and an approved issuer for Ginnie Mae. A direct lender with in-house underwriting, AFN offers a full line of mortgage products including: Conventional, FHA, VA, USDA, Jumbo, 203(k) rehabilitation loans and more.

For more information, please visit https://www.afncorp.com/.

About Cloudvirga(TM):

Cloudvirga's digital mortgage point-of-sale (POS) software, powered by the intelligent Mortgage Platform(R), uniquely combines a world-class borrower experience with a truly automated lender workflow that radically cuts overall loan costs, increases transparency and reduces the time to close a loan. Founded by top fintech veterans with a track record of building successful mortgage technologies, Cloudvirga's customer base includes eight 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 http://www.cloudvirga.com or follow Cloudvirga on LinkedIn.

Cloudvirga(TM), a leading provider of digital mortgage software, today announced the deployment of its Cloudvirga Enterprise POS to all 100 branch locations of American Financial Network (AFN), a privately held mortgage company that employs over 750 loan officers and serves tens of thousands of customers nationwide.

Related link: http://www.cloudvirga.com/

Fairway Independent Mortgage Corporation Partners with Cloudvirga to Support Its Ambitious Operational and Organizational Growth Goals

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(TM), a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(R), today announced that Fairway Independent Mortgage Corporation (Fairway) has launched Cloudvirga's digital mortgage platform for consumers and loan officers.

By guiding consumers through an intelligent workflow that automatically populates the loan application and starts verifying borrower data immediately, Cloudvirga enables Fairway loan officers to structure deals and secure consumer commitment with great speed and efficiency, regardless of loan type.

"This is a time of tremendous growth for Fairway. As we rapidly expand operations with new branches and team members, we must also scale efficiency through technology and process improvement," said Fairway SVP Sales and Recruiting Tom Tousignant. "The Cloudvirga digital mortgage platform supports Fairway's ongoing commitment to speed of response and helps our loan teams balance higher loan production with the exceptional service our customers expect."

"Cloudvirga helps leading lenders like Fairway realize the promise of the digital mortgage, and our POS platform represents a critical step in that journey," said Cloudvirga Co-founder Kyle Kamrooz. "This is so much more than a digital loan application; it's a modern loan officer system offering unmatched borrower commitment capabilities, time savings and cost reduction."

Fairway is one of the largest independent mortgage lenders in the United States. In 2017, Fairway originated more than $21 billion in loans and grew its team to encompass more than 6,900 employees in 500 branches. The company is on track to exceed that growth in 2018, having recently reported a 37 percent year-over-year increase in funded loans during the first seven months of the year.

About Fairway Independent Mortgage Corporation:

Founded in 1996 by Steve Jacobson and named by a childhood best friend, colleague and forever member of the Fairway family, Randy Cross, Fairway Independent Mortgage Corporation is a mortgage lender headquartered in Madison, Wisconsin, and Carrollton, Texas. The company has more than 500 locations and over 6,900 employees nationwide. Fairway is dedicated to finding great loan products and rates for its customers and offers some of the fastest turn times in the industry. Its goal is to act as a trusted advisor, providing highly personalized service and helping clients through every step of the loan process.

For more information, please visit https://www.FairwayIndependentMC.com.

About Cloudvirga(TM):

Cloudvirga's digital mortgage point-of-sale (POS) software, powered by the intelligent Mortgage Platform(R), uniquely combines a world-class borrower experience with a truly automated lender workflow that radically cuts overall loan costs, increases transparency and reduces the time to close a loan. Founded by top fintech veterans with a track record of building successful mortgage technologies, Cloudvirga's customer base includes eight 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 http://www.cloudvirga.com or follow Cloudvirga on LinkedIn.

Twitter: @Cloudvirga @FairwayMC #digitalmortgage

Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform, today announced that Fairway Independent Mortgage Corporation (Fairway) has launched Cloudvirga's digital mortgage platform for consumers and loan officers.

Related link: http://www.cloudvirga.com/

FinKube Publishes New Digital Lending White Paper, ‘Simplifying the Digital Mortgage Process’

DALLAS, Texas /ScoopCloud/ -- FinKube, a company that provides AI-powered Platform-as-a-Service solutions for a range of industries, announced today that it has published a new whitepaper entitled "Simplifying the Digital Mortgage Process." The new paper outlines some of the risks lenders face when making choices about the technologies they employ on the front ends of their mortgage origination processes.

"It's in the best interests of the mortgage technology vendor community for lenders to believe that meeting the digital requirements of modern mortgage borrowers is complicated," said Jorge Sauri, founder and CEO of FinKube. "We don't believe it is. Instead of investing in technology that changes the way the lender operates an existing business, there is far less risk in using adaptive technology that has the cognitive power to take the lender's existing business digital. This requires the lender to rethink what it means to go digital, which is the focus of our new white paper."

In the paper, FinKube outlines the four objectives a lender must achieve if they hope to compete with the nation's largest fintech lenders. It also explains how to win more customers without investing in an expensive call center, like the nation's largest firms have done in order to serve as the back office for their digital front ends.

FinKube is the creator of ELSA, which stands for Electronic Loan Services Assistant. She is the financial services industry's first intelligent assistant and uses AI and machine learning to enhance the origination process from origination to close. ELSA can gather borrower information, render decisions, automate time-consuming tasks and help lenders produce fully compliant mortgage loans in as few as 20 days. Learn more about ELSA at https://finkube.com/product/elsa-intelligent-assistance/.

FinKube was founded by Jorge Sauri, an industry veteran with nearly 20 years of experience developing IT solutions and technology platforms for banks, lenders and real estate companies. He developed the mortgage industry's first cloud-based software for underwriting subprime mortgages at Arc Systems and then developed a completely cloud-based LOS called MortgageDashboard.

To download a free copy of the white paper, visit the company's website at https://finkube.com/landing-page/.

About FinKube:

FinKube with ELSA (E-Loan Support Assistance) is a human in the loop automation (IA) cloud lending platform that makes offering the digital mortgage experience easy. Adaptive technology with the only AI-powered cognitive, industry-specific chatbot all built on a private cloud infrastructure gives lenders affordable access to industry-leading tools that allow them to compete with the nation's largest lenders. ELSA learns and adjusts to any origination model, chats with consumers to gather information and provide services, and provides lenders with the industry's most flexible solution to meet their own lending needs. In short, FinKube offers Adaptive technology with the Cognitive functionality required to take lenders Digital.

For more information, visit the company's website at https://finkube.com/

FinKube, a company that provides AI-powered Platform-as-a-Service solutions for a range of industries, announced today that it has published a new whitepaper entitled "Simplifying the Digital Mortgage Process." The new paper outlines some of the risks lenders face when making choices about the technologies they employ on the front ends of their mortgage origination processes.

Related link: https://finkube.com/

Cloudvirga Adds Digital Mortgage Integration with Leading Mortgage Insurance Provider Radian

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(TM), a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(R), has partnered with Radian Guaranty, a subsidiary of Radian Group (NYSE: RDN), to deliver instant and accurate mortgage insurance (MI) rate quotes and streamline the ordering of MI certificates for lenders.

"Radian's partnership with Cloudvirga is a testament of our commitment to making it easier for our customers to do with business with us," said Brien McMahon, chief franchise officer, Radian. "With this integration, customers can obtain accurate Radian MI rate quotes with greater speed and efficiency and continue to focus on their business."

The advanced integration with Cloudvirga delivers Radian's precise MI pricing in seconds, without the need for lenders to rekey data or leave Cloudvirga's Consumer POS or Enterprise POS systems.

"Our focus is on helping lenders perfect the process of manufacturing loans, so they can turn applicants into homeowners faster and more cost-efficiently than ever before," said Kyle Kamrooz, co-founder of Cloudvirga. "We're proud to partner with Radian to deliver the most precise loan calculations available in the market."

About Cloudvirga(TM):

Cloudvirga's digital mortgage point-of-sale (POS) software, powered by the intelligent Mortgage Platform(R), uniquely combines a world-class borrower experience with a truly automated lender workflow that radically cuts overall loan costs, increases transparency and reduces the time to close a loan. Founded by top fintech veterans with a track record of building successful mortgage technologies, Cloudvirga's customer base includes eight 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 http://www.cloudvirga.com or follow Cloudvirga on LinkedIn.

About Radian:

Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private mortgage insurance, risk management products and real estate services to financial institutions. Radian offers mortgage insurance through its principal mortgage insurance subsidiary, Radian Guaranty Inc. This private mortgage insurance helps protect lenders from default-related losses, facilitates the sale of low-downpayment mortgages in the secondary market and enables homebuyers to purchase homes more quickly with downpayments less than 20 percent.

Additional information may be found at http://www.radian.biz.

REF: -- Ticker: NYSE:RDN NY:RDN

@Cloudvirga @RadianMI #digitalmortgage

Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(R), has partnered with Radian Guaranty, a subsidiary of Radian Group (NYSE: RDN), to deliver instant and accurate mortgage insurance (MI) rate quotes and streamline the ordering of MI certificates for lenders.

Related link: http://www.cloudvirga.com/

DocMagic Integrates eSign Technology with MortgageHippo’s Digital Lending Platform

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, and MortgageHippo, a Fintech-driven digital lending platform, announced a seamless eSign integration between their two platforms.

This integration enables MortgageHippo's lender customers to provide borrowers with the ability to electronically sign documents at any stage of the mortgage process, from point-of-sale to closing. eSignatures eliminate the time constraints and accessibility limitations of manual signatures, thus providing lenders with a faster mortgage process and reduced origination costs. The eSignature process that MortgageHippo provides via DocMagic is as legal and valid as a manual process using printed and wet signed documents.

MortgageHippo provides mortgage lenders with a comprehensive suite of white-labeled web and mobile-ready products that enable a modern, efficient, secure and fully online borrower experience from the point-of-sale to closing.

Lenders can order disclosures directly from their loan origination systems (LOS), most of which are already integrated with DocMagic. MortgageHippo then provides eDelivery of the disclosures to the consumer via the MortgageHippo borrower portal for compliant eSigning using DocMagic's eSign technology. This service is available for initial disclosures, Loan Estimates (LE), Closing Disclosures (CD) and closing documents.

"If lenders want to stay competitive, they need the tools to satisfy borrowers' growing appetite for an easy and robust digital experience," said Joe Dahleen, EVP and CSO at MortgageHippo. "MortgageHippo's integration with DocMagic allows us to provide those tools to lenders by offering eSignature capability throughout the entire mortgage process."

"We are pleased to partner with MortgageHippo and offer our mutual lender clients a strong digital mortgage point-of-sale solution that integrates tightly with our platform and LOS partners," said Steve Ribultan, director of business development at DocMagic. "Integrating with MortgageHippo is yet another step that DocMagic is taking to deliver on the promise of achieving a truly paperless digital mortgage process."

About DocMagic:
DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

About MortgageHippo:
MortgageHippo works with lenders to devise and implement their digital mortgage strategies using its borrower-centric digital lending platform. The MortgageHippo platform allows lenders to deliver a modern borrowing experience, improve borrower conversions, significantly reduce origination costs and integrate with other innovative technologies. MortgageHippo's platform is fully customizable to lender preferences and configurable to lenders' workflows and processes. For more information, visit http://www.mortgagehippo.com.

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, and MortgageHippo, a Fintech-driven digital lending platform, announced a seamless eSign integration between their two platforms.

Related link: https://www.docmagic.com/

Cloudvirga and Freddie Mac Team Up to Deliver a Better Borrower Experience, Maximize Fungibility

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(TM), a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(R), today launched single-click submission of loan data to both GSEs' automated underwriting systems (AUS) in a collaborative effort with Freddie Mac, delivering on the industry need for greater transactional ease.

The dual-AUS submission and review process allows lenders to maximize loan fungibility in the secondary market and improve loan quality through automation. Cloudvirga works behind the scenes to automate review of each GSEs' AUS' findings report, applying rules-based logic and predictive analytics to determine the best path for a loan without adding manual review tasks or interfering with a loan team's preferred origination workflow.

"We're empowering loan officers and back-office teams with data and augmented intelligence and making it effortless to deliver the best possible borrower experience while maximizing loan performance in the secondary market," said Kyle Kamrooz, Cloudvirga Co-founder.

Running loan data through both AUSs up front allows loan officers to identify opportunities to help borrowers save money and close loans faster. For example, a loan may not qualify for an automated appraisal waiver from both GSEs. Avoiding the need for an appraisal can save borrowers anywhere from $300 to over a thousand dollars and shorten loan cycle times by days or weeks. Dual-AUS submission will ensure loan officers have a full picture of the options available for their borrowers and can provide the best borrower experience.

"Freddie Mac is committed to helping all lenders maximize loan fungibility while maintaining transactional ease, reducing origination costs and improving the borrower experience," said Rick Lang, Vice President, Loan Advisor Suite Strategy and Integration for the Single-Family business at Freddie Mac. "We're confident Cloudvirga's 'AUS agnostic' submission will demonstrate that selecting Loan Product Advisor on a per-loan basis will add value for both lenders and borrowers."

The functionality will be available to Cloudvirga customers with Freddie Mac Loan Product Advisor's 4.8 release. Loan Product Advisor 4.8 also adds new support for automated validation of borrower asset and income data.

About Cloudvirga(TM):

Cloudvirga's digital mortgage point-of-sale (POS) software, powered by the intelligent Mortgage Platform(r), uniquely combines a world-class borrower experience with a truly automated lender workflow that radically cuts overall loan costs, increases transparency and reduces the time to close a loan. Founded by top fintech veterans with a track record of building successful mortgage technologies, Cloudvirga's initial customer roster includes nine of the top 40 non-bank mortgage originators. To date, Cloudvirga has raised over $27 million from some of the country's top lenders and venture capital firms.

For more information, visit http://www.cloudvirga.com/ or follow Cloudvirga on LinkedIn.

REF: OTCMKTS:FMCC / OTC:FMCC

Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform, today launched single-click submission of loan data to both GSEs' automated underwriting systems (AUS) in a collaborative effort with Freddie Mac (OTCMKTS: FMCC), delivering on the industry need for greater transactional ease.

Related link: http://www.cloudvirga.com/

Maxwell Recognized by HousingWire as one of the Most Innovative Technology Companies in Real Estate

DENVER, Colo. /ScoopCloud/ -- Maxwell, the emerging leader of digital mortgage automation software, announced today that it has been recognized for the second year in a row as one of HousingWire's TECH100(TM) for 2018.

The HW TECH100(TM) is a list of the housing economy's 100 most innovative companies. It is the only list of its kind that evaluates tech innovation across the entire U.S. housing economy, spanning real estate to mortgage lending, servicing, and investments.

"We built Maxwell on the premise that technology should empower humans, not replace them," said Maxwell CEO John Paasonen. "We believe that personal guidance is critical to the mortgage process and with the right technology mortgage lenders can create the most delightful experience for the borrower. This award, along with the $1B we facilitate every month, affirm our core philosophy."

Maxwell enables mortgage lenders across the nation to collaborate with their homebuyers in a modern digital workspace, on any device, with connectivity to thousands of financial institutions to automate documents and with integrations into other leading mortgage technology providers. Maxwell's proprietary algorithms, built on its network of data aggregated across loans, enable its lenders to move efficiently by accelerating processing and underwriting. Today, lenders using Maxwell are closing loans more than 45 percent faster than the national average.

In late 2017, Maxwell announced its most recent funding round, led by the investment arm of Anthemis Group, with participation from Route66 Ventures and Assurant Inc., along with its existing investors. The new round brings the total capital raised to date by the company to $5 million.

About HousingWire:
HousingWire is the nation's most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments, and real estate operations. The company's news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International.

About Maxwell
Maxwell empowers mortgage lenders to be more connected, productive and successful by intelligently automating their workflow with homebuyers and real estate agents. The platform is used by hundreds of mortgage lenders, banks and credit unions nationwide to serve their customers. Founded in 2015, Maxwell is a member of the Mortgage Bankers Association and is proud to be built in Denver, Colorado.

Connect with Maxwell:
https://www.himaxwell.com
https://www.facebook.com/maxwellHQ
https://twitter.com/ilovemaxwell

Maxwell, the emerging leader of digital mortgage automation software, announced today that it has been recognized for the second year in a row as one of HousingWire's TECH100(TM) for 2018.

Related link: https://www.himaxwell.com/

New Mobile App from Cloudvirga Connects Real Estate Agents with Loan Officers on Its Digital Mortgage Platform

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(TM), a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(R), today announced the launch of a new mobile app that will enable real estate agents to collaborate with mortgage loan officers in real time. This native mobile app allows instantaneous and secure exchange of loan documents and communication between real estate agents and loan teams for a faster, more efficient mortgage experience.

The mobile app, available for both Android and Apple devices, makes it easy for real estate agents to check a loan's status, view and send pre-approval letters and upload purchase contracts from virtually anywhere. Real estate agents can also use the app to share leads with loan officers.

"Cloudvirga's new mobile app deepens the collaboration between loan officers and real estate agents, which is critical to success in today's purchase-driven market," said Cloudvirga Co-founder Kyle Kamrooz. "Agents and loan officers now have access to our digital mortgage platform via a native mobile app that is both easy to use and incredibly powerful."

About Cloudvirga(TM):

Cloudvirga's digital mortgage point-of-sale (POS) software, powered by the intelligent Mortgage Platform(R), uniquely combines a world-class borrower experience with a truly automated lender workflow that radically cuts overall loan costs, increases transparency and reduces the time to close a loan.

Founded by top fintech veterans with a track record of building successful mortgage technologies, Cloudvirga's initial customer roster includes eight of the top 40 non-bank mortgage originators. To date, Cloudvirga has raised over $27 million from some of the country's top lenders and venture capital firms.

For more information, visit http://www.cloudvirga.com/ or follow Cloudvirga on LinkedIn.

Cloudvirga(TM), a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(r), today announced the launch of a new mobile app that will enable real estate agents to collaborate with mortgage loan officers in real time. This native mobile app allows instantaneous and secure exchange of loan documents and communication between real estate agents and loan teams for a faster, more efficient mortgage experience.

Related link: http://www.cloudvirga.com/

Record Year for Cloudvirga Closes with Customers of Its Digital Mortgage Platform Producing Over $100B in Loan Volume

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(TM) CEO Michael Schreck is on a mission to help mortgage lenders reinvent the mortgage factory. A developer of intelligent mortgage point-of-sale platforms, Cloudvirga gives consumers and loan officers a digital mortgage experience and helps lenders grow market share by automating the mortgage back office, saving them up to $1,500 a loan.

2017 was a banner year for Cloudvirga. In November, the company announced the addition of five top-30 lender customers to its digital mortgage platform, and it added a sixth top-30 lender in December. Together, these customers produced over $100B in loan volume in 2017.

"We are proud to have earned the support of the industry's leading lenders," said Schreck. "We believe their trust is indicative of Cloudvirga's unique mission to offer customers a response to Rocket Mortgage while also attacking the serious cost problems involved in producing a loan."

Also in 2017, Cloudvirga raised a $20M Series B led by Blackstone Group (NYSE: BX) portfolio company Incenter. To date, the firm has raised over $27M in total funding to scale its enterprise-class technology and invest in vendor partnerships, including a recently announced integration with DocuTech, the industry's leading provider of document and compliance technology.

Cloudvirga hired Schreck, a veteran tech entrepreneur and former Altisource (NASDAQ: ASPS) senior executive, as its new CEO in June. The firm's previous CEO, co-founder Bill Dallas, continues to advise Cloudvirga as chairman of its board of directors.

Since then, Schreck has overseen several high-profile additions to Cloudvirga's leadership team, including the appointment of former ShiftPixy (NASDAQ: PIXY) CFO Stephen DeSantis as chief financial officer; former Intuit (NASDAQ: INTU) and First American (NYSE: FAF) executive Jim Portner as chief product officer; and former Dell (NYSE: DVMT) and IBM (NYSE: IBM) executive Sean McEvoy as chief customer officer.

In December, Cloudvirga co-founder and Chief Strategy Officer Kyle Kamrooz received top industry honors as one of HousingWire magazine's 2017 Vanguard Award winners. He was also recognized by National Mortgage Professional magazine as one of the mortgage industry's most influential professionals under 40.

About Cloudvirga(TM):

Cloudvirga's intelligent mortgage point-of-sale (POS) platforms uniquely combine a world-class borrower experience with a truly digital lender platform that radically cuts overall loan costs, increases transparency and reduces the time to close a loan. Founded by top fintech veterans with a track record of building successful mortgage technologies, Cloudvirga's initial customer roster includes nine of the top 40 non-bank mortgage originators. To date, Cloudvirga has raised over $27 million from some of the country's top lenders and venture capital firms.

For more information, visit http://www.cloudvirga.com/ or follow Cloudvirga on LinkedIn.

Cloudvirga CEO Michael Schreck is on a mission to help mortgage lenders reinvent the mortgage factory. A developer of intelligent mortgage point-of-sale platforms, Cloudvirga gives consumers and loan officers a digital mortgage experience and helps lenders grow market share by automating the mortgage back office, saving them up to $1,500 a loan.

Related link: http://www.cloudvirga.com/

DocMagic Opens High-Tech Print Fulfillment Supercenter to Support Growth

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has opened a 12,000 square foot print fulfillment center minutes from its Torrance, California headquarters. DocMagic added the high tech "supercenter" to support lenders' growing need for secure, compliant paper documents as the mortgage industry transitions to a 100 percent digital mortgage process.

"Ironically, DocMagic's increasing need to produce paper documents results from the growing number of lenders using our technologies to transact paperless mortgages," said Dominic Iannitti, president and CEO of DocMagic, who explained that even lenders employing 100 percent digital processes need to produce paper documents due to paper "fallout."

Paper fallout, which is normal and can be expected with any digital process, is usually caused when borrowers do not respond to email requests for eSigning within required timeframes or because they specifically ask their lenders to revert to paper documents. When this happens, lenders' risk of compliance violations increases. The process of printing, preparing and delivering paper documents is traditionally an intensely manual and time-consuming process, which increases lenders' risk of missed disclosure deadlines, errors and compromised data.

"Simply creating a print fulfillment center wouldn't have been an adequate solution because high risk is inherent in handling paper fallout," said Iannitti. "We needed a fulfillment center based on technology that eclipses any process-manual or automated-currently being used to process paper documents. Fortunately, this is where DocMagic excels. We created a fulfillment supercenter that operates at the height of automation in the mortgage equivalent of a sterile environment. We're very proud of what we've built."

The new fulfillment center uses biometric authentication and video monitoring to provide auditable assurance that only authorized individuals access the building and specific areas within the structure. Inside, advanced technology automates nearly every step of the paper process. Once the documents are ordered, a printer automatically feeds the paper documents directly into an automated system that scans and reads the barcodes to assure that all documents are present. The documents are then inserted into envelopes, sealed and stamped-all without human intervention. The system logs and stores all actions, so lenders can review them and produce detailed information about any document's activity, at any time. The result of this high-tech process for handling paper is a drastic reduction in the risk of errors, omissions and compromised data.

"UETA [Uniform Electronic Transactions Act] requires that consumers be allowed to opt out of electronic processes at any time, but that's just one compliance issue lenders need to address," said Iannitti. "The key difference between DocMagic and a basic software provider is DocMagic's core focus on providing a legal and compliant process. Unlike other providers, we've automated and integrated that opt out option within our workflow so lenders can avert risks that arise when transitioning to another system or vendor."

DocMagic plans to open additional regional print centers across the US over the next several years to support its expansion into other types of consumer loan programs. While there will always be some degree of fallout, as borrowers embrace the eSigning of all documents as the new norm, opting out to a paper process will become less common as well as the need to support additional fulfillment centers.

About DocMagic:
DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy.

For more information on DocMagic, visit https://www.docmagic.com/.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

*LOGO for Media: Send2Press.com/300dpi/17-1205s2p-docmagic-300dpi.jpg

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has opened a 12,000 square foot print fulfillment center minutes from its Torrance, California headquarters. DocMagic added the high tech "supercenter" to support lenders' growing need for secure, compliant paper documents as the mortgage industry transitions to a 100 percent digital mortgage process.

Related link: https://www.docmagic.com/

Cloudvirga Names Stephen DeSantis as Chief Financial Officer

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, has appointed Steve DeSantis as its new chief financial officer. A seasoned technology finance executive, DeSantis will be responsible for driving Cloudvirga's financial strategies to accelerate its growth. He will report to Cloudvirga's recently appointed CEO Michael Schreck.

DeSantis has more than two decades of financial management experience in the technology sector. Over the course of his career, he has raised more than $250 million, taken two companies public and sold three companies.

Most recently, DeSantis was CFO for ShiftPixy(R) (NASDAQ:PIXY), a disruptive human capital management services provider revolutionizing employment in the Gig Economy. ShiftPixy completed its initial public offering in June.

Prior to joining ShiftPixy, DeSantis was CFO for Predixion Software, a predictive analytics software company acquired by Greenwave Systems and Jvion Technologies. He has also held CFO roles for data warehouse solutions developer DATAllegro (acquired by Microsoft) and inventory management solutions providers Nexiant and TCI Solutions (acquired by Retalix).

"Steve's track record of success in growing tech companies is truly impressive. He's the ideal leader to steer Cloudvirga's financial strategy as we continue to grow rapidly," said Cloudvirga CEO Michael Schreck.

"A unique combination of mortgage expertise and technical chops enables Cloudvirga to deliver a best-in-class digital mortgage platform that three of the country's top eight lenders trust," said DeSantis. "My focus will be on mapping a financial strategy that positions Cloudvirga for continued exponential growth."

Just last week, Cloudvirga announced the addition of five top-30 lenders to its client roster. The company has raised more than $25 million in two funding rounds and has the support of both leading venture capital firms and some of the industry's largest lenders.

DeSantis is a Certified Public Accountant (CPA) and holds a bachelor's degree in business and accounting and a master's degree in business administration, both from the University of Southern California (USC) Marshall School of Business. He spent his early career as a staff auditor for Coopers & Lybrand.

About Cloudvirga(TM):

Cloudvirga's intelligent mortgage point-of-sale (POS) platforms uniquely combine a world-class borrower experience with a truly digital lender platform that radically cuts overall loan costs, increases transparency and reduces the time to close a loan. Founded by top fintech veterans with a track record of building successful mortgage technologies, Cloudvirga's initial customer roster includes eight of the top 40 non-bank mortgage originators. To date, Cloudvirga has raised over $25 million from some of the country's top lenders and venture capital firms.

For more information, visit http://www.cloudvirga.com/ or follow Cloudvirga on LinkedIn https://www.linkedin.com/company/7577062/.

*PHOTO for Media: Send2Press.com/300dpi/17-1121s2p-Steve-DeSantis-300dpi.jpg
*Photo Caption: Cloudvirga has appointed Steve DeSantis as its new chief financial officer.

Cloudvirga, developer of intelligent mortgage point-of-sale (POS) platforms, has appointed Steve DeSantis as its new chief financial officer. A seasoned technology finance executive, DeSantis will be responsible for driving Cloudvirga's financial strategies to accelerate its growth. He will report to Cloudvirga's recently appointed CEO Michael Schreck.

Related link: http://www.cloudvirga.com/

Lender Price, the Leading Mortgage Lending Analytics, Pricing Engine and Digital Mortgage Provider Announces Integration with Ernst Publishing

PASADENA, Calif. /ScoopCloud/ -- Lender Price, the emerging leader in digital mortgage interface technology and real-time, competitive mortgage analytics and product pricing & eligibility (PPE) solutions complete with full mobile functionality and advanced business intelligence, announced that it has integrated with Ernst Publishing, the leading provider of mortgage fee data for the real estate and home finance industry.

"We are excited about this integration with Ernst, a proven leader in providing mortgage fee data," said Lender Price founder and CEO Dawar Alimi. "This partnership further strengthens our best in class PPE as we continue to integrate with the industry's leading companies."

The integration allows the Lender Price pricing engine to return Ernst closing cost quotes instantly, ensuring accurate settlement fee data is transmitted for each loan quote. Ernst fee data is also accessible from within the Lender Price application program interface, providing flexibility for lenders to choose the applicable fees by client.

"At Ernst, it has long been our mission to offer every lender their fees, their way, whether that be through a direct XML interface, a mobile app or their loan origination technology," said Gregory E. Teal, President and Chief Executive Officer of Ernst Publishing. "We congratulate Lender Price on its growth in the market and we're proud to offer every lender using that technology access to guaranteed accurate closing costs through this new integration."

Lender Price PPE functionality includes:

* Real-time, competitive analytics and reporting
* Customizable loan programs and eligibility
* Full eligibility on all available products, prime and non-prime/ non-QM
* Lock desk
* Historical pricing
* Pipeline manager
* Comp plan management
* Correspondent/ holdback management
* Margin management
* Dynamic, live program creation & pricing
* Rate sheet generator
* Secondary buy / sell
* Rate alert triggers, and
* Native mobile app.

About Lender Price:
Lender Price is a California-based big data technology innovator and developer of a real-time, competitive mortgage analytics and product pricing & eligibility (PPE) platform complete with full mobile functionality and unprecedented business intelligence. With Lender Price, wholesale and correspondent lenders, banks, and credit unions can knowledgably manage product pricing for all mortgage types: conforming, non-conforming, non-QM, and specialty loans. The PPE platform delivers innovative features that include built-in compliance checks, secondary marketing tools, margin management, lock desk, customized workflows and mobile app.

For more information, visit https://lenderprice.com/ or send email to: Contact@LenderPrice.com.

*LOGO for media: Send2Press.com/mediaboom/s2p-Lender-Price-Logo-300dpi.jpg

Lender Price, the emerging leader in digital mortgage interface technology and real-time, competitive mortgage analytics and product pricing & eligibility (PPE) solutions complete with full mobile functionality and advanced business intelligence, announced that it has integrated with Ernst Publishing, the leading provider of mortgage fee data for the real estate and home finance industry.

Related link: https://lenderprice.com/