Fairway Independent Mortgage Corp. is now using Cloudvirga’s digital mortgage point-of-sale platform for consumers and loan officers.
Fairway is one of the largest independent mortgage lenders in the U.S. In 2017, the company originated more than $21 billion in loans and grew its team to encompass more than 6,900 employees in 500 branches.
The company says it is on track to exceed that growth in 2018, having recently reported a 37% year-over-year increase in funded loans during the first seven months of the year.
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,” says Tom Tousignant, senior vice president of sales and recruiting for Fairway, in a release. “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,” adds Kyle Kamrooz, co-founder of Cloudvirga. “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.”