Skip to main content

ServiceLink's EXOS Title Decisioning Technology Integrates With Cloudvirga's DMP

Navi Persaud
Jan 26, 2021
ServiceLink and Cloudvirga Logos

ServiceLink's EXOS Express Pass technology is now integrated with Cloudvirga's Digital Mortgage Platform, giving lenders the ability to receive title complexity decisions within seconds for refinance loans, according to a press release.
 

ServiceLink states that EXOS Express Pass can help lenders cut days from their origination timeline by receiving an optimized clear-to-close path within seconds. This enables operators and fulfillment leaders to allocate resources more efficiently, prioritize loans based on complexity and improve consumer transparency by providing access to various parts of the lending process that had previously been offline, according to the release.

"2020 brought with it record high originations, historic low mortgage rates and hyper-demand for our lender partners and their businesses. Cloudvirga lenders who leverage EXOS Express Pass will be better equipped to keep pace with this demand and deliver the seamless digital mortgage experience borrowers expect, all while more effectively managing their pipelines," said Daniel Akiva, co-chief executive officer at Cloudvirga.

According to ServiceLink this integration also benefits borrowers by giving them a more definitive clear-to-close timeline early on in the loan process to better prepare for closing while reducing the risk of delays.

"While the self-service, digital mortgage application process is becoming commonplace in the mortgage industry, the path to close has remained largely unchanged for the past 30 years," said Kiran Vattem, executive vice president, chief digital and technology officer at ServiceLink. "New challenges brought on by COVID-19 have put back into focus the importance of streamlining origination processes. With EXOS, we're focused on driving efficiency and transparency for lenders and borrowers, eliminating guesswork and ultimately, driving more closed loans with less effort."

Published
Jan 26, 2021
ChainLogix Appoints New Vice President, Operations

Jeryl Graham hired to accelerate growth in title & mortgage services.

Industry News
Oct 15, 2021
JPMorgan Chase To Commit $8.4M To Improve Household Stability For The Underserved

JPMorgan Chase announced six organizations that will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino, and other underserved households.

Community
Oct 15, 2021
SRE Mortgage Alliance 'Restructuring & Reorganizing'

7 p.m. UPDATE: Owner of technology-based wholesale residential mortgage lender in El Segundo to determine organization's future.

Wholesale
Oct 15, 2021
Ginnie Mae Issued Record MBS Volume In FY2021

The record $939 billion issued included nearly $73 billion in September.

Industry News
Oct 14, 2021
UWM Completes Test Of Cryptocurrency Mortgage Payments

United Wholesale Mortgage evaluated and accepted the first-ever cryptocurrency mortgage payment in September and an additional five payments in October from borrowers.

Industry News
Oct 14, 2021
Arvielo Re-Appointed To HUD Advisory Committee

Nationwide mortgage lender New American Funding’s Co-Founder and President Patty Arvielo has been re-appointed to serve on the U.S. Department of Housing & Urban Development's Housing Counseling Federal Advisory Committee.

Industry News
Oct 13, 2021