Cloudvirga Enhances Efficiency With Encompass Docs Solution Integration
Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, announced a new integration using the latest API framework for mortgage technology from Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology and market infrastructure. Available via the Marketplace in the ICE digital lending platform, the integration expands the document provider options available to Cloudvirga customers and enhances lender efficiency and compliance by streamlining the generation, delivery and management of initial and revised disclosures.
“Cloudvirga’s integration with the Encompass Docs Solution streamlines the document generation and signing process, helping lenders reduce operational friction and improve borrower experiences,” said Maria Moskver, CEO of Cloudvirga. “By leveraging ICE’s latest API framework, this integration helps lenders to maintain compliance and efficiency while eliminating the need to change their document provider.”
The integration allows borrowers who apply for a mortgage through Cloudvirga’s POS platform to seamlessly receive, review and electronically sign their disclosures through the borrower portal. The integration also provides a print-and-upload workflow for disclosures requiring wet signatures due to state regulations or borrower preferences, allowing borrowers to complete the process conveniently. This integration lays the groundwork for future enhancements, including closing disclosure support and further automation of the loan origination workflow.
The Encompass® Docs Solution helps lenders automate the creation of compliant, accurate loan documents within ICE’s digital lending platform. Cloudvirga’s Encompass Docs Solution integration leverages ICE Mortgage Technology’s API-based framework rather than the legacy SDK layer, aligning with ICE’s long-term strategy to modernize and streamline third-party integrations. This new, modern framework enables industry participants to integrate with ICE solutions and provide services to loan originators and servicers through secure API-enabled technology.
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