The platform increases transparency, reduces closing time and cuts overall loan manufacturing costs, Cloudvirga says in a release.
The platform improves the digital mortgage application lifecycle by automating lending workflow – from initial application to data collection and validation to automating workflow and more.
“It is Supreme’s opinion, with all the antiquated procedures in the mortgage process, that by digitizing the user experience, we can have a much more streamlined process,” says Scott Everett, president of Supreme Lending. “Our partnership with Cloudvirga will allow us to be focused and ready when the busy buying season is upon us. As a lender that is consistently above 85 percent purchase volume, a tool like Cloudvirga’s Digital Mortgage Platform will enrich the consumer, loan originator and Realtor experience tremendously.”