Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, has integrated its Horizon POS with Stewart Valuation Intelligence, a national provider of appraisal management and residential real estate valuation services.
The integration gives lenders and borrowers more transparency, faster turn times and fewer manual steps in the appraisal process, the firm says in a release.
Borrowers applying on a self-serve basis can request an appraisal directly, while loan officers can initiate and manage orders when completing an application on a borrower’s behalf.
The result is a simpler, faster appraisal process that eliminates manual handoffs and keeps both lenders and borrowers informed at every step. By reducing friction and improving transparency, the integration helps lenders shorten cycle times and deliver a more consistent borrower experience.
“This integration removes a long-standing friction point in the mortgage process,” says Kendra Walters, director of product development for Horizon at Cloudvirga, in the release. “By bringing SVI’s appraisal technology into Horizon, we’re giving lenders a more efficient way to manage appraisals and giving borrowers the same consistency and transparency they expect from every other part of the loan process.”
“SVI is committed to appraisal innovation that improves lender efficiency and borrower experience,” adds John “J.R.” Raftery, director of valuation strategy at Stewart Valuation Intelligence. “Working with Cloudvirga extends that commitment by embedding our valuation technology directly into the loan workflow, where it can make the greatest impact.”
Photo: Sigmund