Stewart Information Services Corp. has acquired Cloudvirga, a fintech company focused on digital mortgage solutions.
“Combined with our newly acquired capabilities such as RON, a notary network and valuation services, Cloudvirga’s platform will accelerate our digital offerings in all markets, complement our existing capabilities and enhance our ability to provide customers with end-to-end mortgage services and solutions,” says Stewart CEO Fred Eppinger.
Founded in 2016, Cloudvirga is a customer engagement platform and digital origination platform that empowers lenders, originators and brokers while also automating back-office tasks.
“We are excited about the opportunity to join Stewart at this important time in our industry,” says Kyle Kamrooz, co-founder and CEO of Cloudvirga. “Having the backing of an industry leader like Stewart will allow us to increase value to our customers as we streamline and accelerate the origination process.”
Houlihan Lokey acted as financial advisor to Cloudvirga.