Cloudvirga provides digital mortgage point-of-sale (POS) software that combines a borrower-facing experience with an automated lender workflow. Its platform is designed to cut overall loan costs, increase transparency and reduce the time to close loans. The company sells to mortgage originators and its customers include eight of the top 40 non-bank mortgage originators. Led by CEO Michael Schreck, Cloudvirga intends to use new funding to expand operations and continue product development. Prior to the latest round the company had raised over $27m across earlier financings. Cloudvirga is headquartered in Irvine, Calif. cloudvirga, based in Irvine, Calif., develops an intelligent mortgage point-of-sale (POS) platform. Its flagship POS automates the entire initial disclosures process, leveraging data and automated workflows. The platform is designed to reduce overall cost, increase transparency and shorten the time it takes to close a loan for both borrowers and lenders. The company was founded by Bill Dallas, Kyle Kamrooz and Mark Attaway. cloudvirga raised $15M in a Series B and intends to use the funds to scale its technology and expand its product offerings. Cloudvirga is an Irvine, Calif.-based developer of a cloud intelligent Mortgage Platform (iMP) that streamlines the mortgage process with data-driven automation and automated workflows. The platform is designed to reduce costs, increase transparency, and shorten loan closing times for borrowers and lenders. Since launching in August 2015, the company has processed nearly $5B in loans. The company was founded by Bill Dallas, Kyle Kamrooz, and Mark Attaway. Cloudvirga raised $7.5M in a Series A led by Dallas Capital with participation from Upfront Ventures and Tribeca Angels. It plans to use the funding to scale its enterprise cloud platform and hire key staff for implementation.

Total raised

$73M

Funding rounds

3

Latest round

Series C

Latest activity

May 2018