Cloudvirga’s software, the Cloudvirga Digital Mortgage Platform, increases transparency, reduces the time it takes to process and close a loan with a streamlined mortgage experience, and radically cuts overall loan manufacturing costs. Supreme Lending originators can leverage the Cloudvirga Digital Mortgage Platform to improve the digital mortgage application lifecycle by automating lending workflow–from initial application to data collection and validation to automating workflow and more.Lender reports a 62-basis-point reduction in loan-level pricing adjustments for qualifying transactions and removes an 80% LTV restriction as alternative credit scoring gains traction
CrossCountry Mortgage is reporting an estimated $2,500 in average borrower savings from its adoption of VantageScore 4.0, adding to a growing body of lender-reported results showing how competition between credit scoring models is translating into lower loan costs.The Clevel...
After years of chasing production numbers, one mortgage sales veteran learned that closing deals means little if you lose the trust of the people behind them
"Listen, your credit is crap. If you don't want the deal, move on."I said that to a borrower once. Word for word. The part that bothers me now isn't just what I said. It's that I didn't think about him again. He walked out, and I went right back to work.Early in my career, I...
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