9-3-18 How Tech helps Lenders Survive Consolidation and a Tough Mortgage Market

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On today’s show, we’ve got Kyle Kamrooz of Cloudvirga. We’re going to be talking about the true meaning of “digital mortgage” and how technology can help lenders survive industry consolidation and a tough mortgage market. Kyle 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. Kyle 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™. Since 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. Kyle serves on Fannie Mae’s 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. Kyle’s commentary has been featured in TechCrunch and Huffington Post. He is a member of the Forbes Finance Council, a HousingWire Vanguard Award winner and one of Entrepreneur magazine’s inspiring tech entrepreneurs under 40. Read more here

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