LOVELAND, Colo.--(BUSINESS WIRE)--#banking--Factual Data, a leading provider of mortgage credit and data validation services to the mortgage lending industry, today announced an integration of its credit reporting capabilities with Cloudvirga’s digital mortgage point-of-sale software.
The integration provides access to Factual Data credit reports for lenders who use the Cloudvirga digital mortgage platform. The platform dynamically re-engineers the mortgage workflow, automates manual processes and reduces touch time between loan officer and consumer up to 70%.
“Lenders are looking for exceptional credit reporting services directly at the point of sale,” said Factual Data President Jay Giesen. “This integration answers that demand.”
Cloudvirga Chief Product Officer Tim Von Kaenel notes that the integration dramatically simplifies the mortgage loan process for consumers and empowers lenders with a more robust workflow.
“This integration with Factual Data reduces time, cost, and risk in the digital mortgage process,” he said. “Together, we are providing an exceptional experience for lenders and borrowers alike.”
About Factual Data
Factual Data is a trusted provider of credit, risk mitigation, flood, and verification services to the mortgage industry. Leveraging innovative technology and deep industry experience, Factual Data simplifies the mortgage lending process for its customers and their borrowers. For information, please call (800) 275-3389 or visit www.factualdata.com.
The Cloudvirga Digital Mortgage Platform uniquely combines a world-class borrower experience with an automated lender workflow that radically cuts overall loan costs, increases transparency and reduces the time to close a loan. Led by top fintech veterans with a track record of building successful mortgage technologies, the Cloudvirga customer base includes nine of the top 40 non-bank mortgage originators. To date, Cloudvirga has raised over $77 million from some of the country’s top lenders and private-equity firms. For more information, visit www.cloudvirga.com or follow Cloudvirga on LinkedIn.