9-3-18 How Tech helps Lenders Survive Consolidation and a Tough Mortgage Market
On today\u2019s show, we\u2019ve got Kyle Kamrooz of Cloudvirga. We\u2019re going to be talking about the true meaning of \u201cdigital mortgage\u201d and how technology can help lenders survive industry consolidation and a tough mortgage market.\n\nKyle Kamrooz has nearly 20 years of senior management experience in residential mortgage lending. By age 25, Kyle had built one of the largest direct-to-consumer mortgage lending companies in Orange County. His next venture, a nationwide mortgage company, processed more than $7 billion in loans yearly and employed more than 500 employees.\n\nKyle witnessed first-hand the inefficiencies of the home loan process for both consumers and lenders and earned Direct Endorsement underwriting approval from the FHA to better understand the problem. While serving as EVP at top-40 lender Skyline Home Loans, Kyle developed the digital mortgage platform that would become Cloudvirga\u2122.\n\nSince founding Cloudvirga in 2016, Kyle has led the company through multiple capital raises, set the vision for its POS platforms, forged partnerships with leading mortgage service providers and signed eight of the top 40 non-bank mortgage lenders.\n\nKyle serves on Fannie Mae\u2019s Technology Advisory Board and is a member of the MBA, where he has served on the Loan Production, Legal and Regulatory Compliance and State Legislative & Regulatory committees.\n\nKyle\u2019s commentary has been featured in\xa0TechCrunch\xa0and\xa0Huffington Post. He is a member of the Forbes Finance Council, a\xa0HousingWire\xa0Vanguard Award winner and one of\xa0Entrepreneur\xa0magazine\u2019s inspiring tech entrepreneurs under 40.\n\nRead more here\nOn today\u2019s show, we\u2019ve got Kyle Kamrooz of Cloudvirga. We\u2019re going to be talking about the true meaning of \u201cdigital mortgage\u201d and how technology can help lenders survive industry consolidation and a tough mortgage market.\n\nKyle Kamrooz has nearly 20 years of senior management experience in residential mortgage lending. By age 25, Kyle had built one of the largest direct-to-consumer mortgage lending companies in Orange County. His next venture, a nationwide mortgage company, processed more than $7 billion in loans yearly and employed more than 500 employees.\n\nKyle witnessed first-hand the inefficiencies of the home loan process for both consumers and lenders and earned Direct Endorsement underwriting approval from the FHA to better understand the problem. While serving as EVP at top-40 lender Skyline Home Loans, Kyle developed the digital mortgage platform that would become Cloudvirga\u2122.\n\nSince founding Cloudvirga in 2016, Kyle has led the company through multiple capital raises, set the vision for its POS platforms, forged partnerships with leading mortgage service providers and signed eight of the top 40 non-bank mortgage lenders.\n\nKyle serves on Fannie Mae\u2019s Technology Advisory Board and is a member of the MBA, where he has served on the Loan Production, Legal and Regulatory Compliance and State Legislative & Regulatory committees.\n\nKyle\u2019s commentary has been featured in\xa0TechCrunch\xa0and\xa0Huffington Post. He is a member of the Forbes Finance Council, a\xa0HousingWire\xa0Vanguard Award winner and one of\xa0Entrepreneur\xa0magazine\u2019s inspiring tech entrepreneurs under 40.\n\nRead more here