Record Year for Cloudvirga Closes with Customers of Its Digital Mortgage Platform Producing Over $100B in Loan Volume

IRVINE, Calif. — Cloudvirga CEO Michael Schreck is on a mission to help mortgage lenders reinvent the mortgage factory. A developer of intelligent mortgage point-of-sale platforms, Cloudvirga gives consumers and loan officers a digital mortgage experience and helps lenders grow market share by automating the mortgage back office, saving them up to $1,500 a loan.

Digital Mortgage Point-of-Sale Pioneer Cloudvirga Hires Sean McEvoy as Chief Customer Officer

IRVINE, Calif. — Cloudvirga Inc., developer of intelligent mortgage point-of-sale (POS) platforms, has appointed Sean McEvoy as its chief customer officer. As a member of the senior leadership team, McEvoy will be responsible for the firm’s customer leadership, implementation and support functions. He has an extensive background in building world-class customer success organizations at FileNET, IBM, Quest and Dell. He will report to Cloudvirga CEO Michael Schreck.

Global DMS Valuation Management Platform is Now Integrated with Black Knight’s LoanSphere Exchange Technology

LANSDALE, Pa. — Global DMS, a leading provider of cloud-based valuation management software, announced that it has integrated with Black Knight’s LoanSphere Exchange platform, an online, collaborative technology that connects more than 25,000 mortgage industry service and solution providers.

OpenClose Adds AFR’s Flood Services to its LOS via Seamless Interface

WEST PALM BEACH, Fla. — OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it partnered with AFR Services to enable customers to access the company’s complete suite of flood services. Using the interface makes it quick and easy to order AFR’s various flood services directly from within OpenClose’s LenderAssist LOS.

ARMCO Announces New Loan Data Validation Tools

POMPANO BEACH, Fla. — ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), has announced the release of a new technology for mortgage lenders and servicers that improves data validation in the QC process.

OpenClose Adds New Hires to its Software Development Team

WEST PALM BEACH, Fla. — OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it hired four senior developers to arm the company with additional resources to architect new products and enhance existing solutions.

Five Top-30 Lenders Choose Cloudvirga’s Digital Mortgage Platform in Last 100 Days

IRVINE, Calif. — Cloudvirga, developer of intelligent mortgage point-of-sale (POS) platforms, has signed five of the nation’s top 30 non-bank lenders in the last 100 days. The new customers collectively originate over $100 billion in loans annually. The announcement follows the firm’s addition of Michael Schreck as CEO in June and the completion of a $15 million Series B funding round led by Blackstone Group portfolio company Incenter in March.

Advanced Technology Development Center Adds LBA Ware to Its ATDC Signature Portfolio

MACON, Ga. — LBA Ware, a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced that the Advanced Technology Development Center (ATDC) – Georgia’s technology incubator – has accepted LBA Ware to into its ATDC Signature portfolio. As an ATDC Signature company, LBA Ware will have access to ATDC coaching and programming, potential investment capital and additional resources from the Georgia Institute of Technology, including intellectual property and talent.

IDS Adds Pushback Notifications to Interface with Byte Software

SALT LAKE CITY, Utah — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has added pushback notifications to its existing interface with BytePro Enterprise, the flagship loan origination software (LOS) platform from Byte Software. Through this enhancement, BytePro users will receive mortgage documents and fulfillment status notifications within the LOS platform.

Mortgage Automation Pioneer Hires Veteran Tech Entrepreneur Michael Schreck as CEO

IRVINE, Calif. — Cloudvirga(SM), developer of next-generation loan officer and direct-to-consumer point-of-sale (POS) systems, has named Michael Schreck its chief executive officer. He succeeds cloudvirga co-founder Bill Dallas, who will continue as chairman of cloudvirga’s board of directors.