“Cloudvirga’s commitment to re-imagining and then automating the mortgage process to streamline compliance, reduce cost and improve the overall customer experience makes it a truly unique player in the mortgage technology space,” said Cloudvirga Executive Vice President of Technology James Vinci. “We’re excited to have an innovator like Daniel on the leadership team to help us continue to revolutionize the way lenders do business.”UMortgage will retain its brand and sales culture while moving onto NEXA’s larger operating platform, a model NEXA is openly pitching to other broker owners
NEXA Lending's acquisition of UMortgage, is more than a combination of two prominent broker-channel companies. It also presents a model for other independent brokerage owners weighing the benefits of scale against the cost and complexity of operating alone.Under the deal ann...
Applications fell 5.7% annually in July, while government-backed mortgages accounted for half of builder-affiliated loan volume
Mortgage applications for newly built homes lost ground in July, another indication that builder incentives are struggling to overcome buyers’ sensitivity to elevated mortgage rates.Applications for new-home purchases declined 5.7% from July 2025 and 1% from June, according ...
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