Cloudvirga, a Stewart-owned company, has launched its new wholesale third party origination (TPO) platform. Key features of the new TPO offering include 24/7 borrower access to a broker-branded portal with a full suite of functionality for a seamless borrower experience as well as allowing brokers to make real-time updates and changes. It offers easier preparation, delivery and e-signing of lender disclosures with automated compliance in addition to more e-verifications and borrower collaboration on an updated and easy to navigate user interface.
“Our new TPO offering is a game-changer for point-of-sale transactions, especially with brokers,” says Maria Moskver, Cloudvirga’s president. “Before, brokers were very limited in what they could do in the TPO system. We built this platform because brokers should have options, and the technology they deserve to go along with those options, and our new TPO Platform does just that; it empowers the broker with a technology that speeds up the origination process, making choosing a lender that much easier.”
Acquired by Stewart in May 2021, Cloudvirga delivers intelligent POS platforms for both loan officers and consumers that automate operations traditionally performed in the back office to reduce mortgage origination costs, improve user experience, and increase business insight in home loan market.
“Since its inception in 2017, Cloudvirga has focused on creating the best experience with the right tools for both borrowers and loan officers, and our TPO Platform is a continuation of this commitment,” Moskver adds. “Our team’s sole focus is mortgage origination, and we will continue to develop and deliver the products and tools our clients and the market are asking for.”