Supreme Lending has integrated Cloudvirga’s digital mortgage origination platform into its system, the companies announced.
The integration will make Cloudvirga’s technology available to Supreme Lending’s loan officers and consumers to power the digital mortgage process.
Cloudvirga said its platform increases transparency, reduces the time it takes to process and close a loan, and cuts overall loan manufacturing costs.
“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,” Supreme Lending President Scott Everett said in a release. “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,” Everett said.
Cloudvirga said its technology powers nearly $200 billion in loans annually and is used by top lenders throughout the country.
“Our partnership guarantees that Supreme Lending’s loan officers can offer their borrowers the industry’s best digital mortgage experience, streamlining the application process, cutting costs, and improving the originator’s experience while shortening the time to close,” Cloudvirga CEO Daniel Sogorka said. “Supreme Lending is a visionary and innovative lender, and we are beyond excited to partner with them.”
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