Cloudvirga, a Stewart-owned provider of digital point-of-sale (POS) platforms for lenders, recently announced an integration using the latest API framework for mortgage technology from Intercontinental Exchange Inc. (ICE). Cloudvirga is specifically integrating with the Encompass Docs Solution, part of ICE mortgage technology.
“Cloudvirga’s integration with the Encompass Docs Solution streamlines the document generation and signing process, helping lenders reduce operational friction and improve borrower experiences,” Cloudvirga CEO Maria Moskver said in a release. “By leveraging ICE’s latest API framework, this integration helps lenders to maintain compliance and efficiency while eliminating the need to change their document provider.”
The integration allows borrowers who apply for a mortgage through Cloudvirga’s POS platform to receive, review and electronically sign their disclosures through the borrower portal. The integration also provides a print-and-upload workflow for disclosures requiring wet signatures due to state regulations or borrower preferences, allowing borrowers to complete the process.
This integration lays the groundwork for future enhancements, including closing disclosure support and further automation of the loan origination workflow.
The Encompass Docs Solution helps lenders automate the creation of loan documents within ICE’s digital lending platform. Cloudvirga’s Encompass Docs Solution integration uses ICE Mortgage Technology’s API-based framework, aligning with ICE’s strategy to modernize and streamline third-party integrations.