Chief Financial Officer
Irvine, California, Us
Cloudvirga builds intelligent mortgage point-of-sale platforms, focused on cutting costs, shortening time to close and increasing transparency. The company’s workflow results in high self-service numbers, which means more satisfied borrowers, dramatically expedited loan processing and significant cost savings per loan. A case study by a Top 10 lender showed that Cloudvirga’s POS platform reduces mortgage origination costs by $1,500 per loan. The platform empowers 42% of its users to complete a fully self-service application via a mobile device. In just two years, Cloudvirga has grown to serve nine of the top 40 nonbank lenders in the U.S., representing more than $100 billion annual loan volume.Served as initial, start-up CFO for Cloudvirga after spinout from a leading mortgage lender. Responsible for start-up cash management, insurance, budgeting, and financial reporting, helping to drive the company’s financial strategy and hiring needs, including serving as head of HR and general counsel. Coordinated the development of annual operating, capital, and program budgets, and reporting against the same. Oversaw cashflow and day-to-day accounting, recording, reporting, and internal control activities. Lead the development, implementation and use of best-practice policies, practices, and tools in company administration. Also led compliance with federal, state, and local financial requirements. Commuted from Boston to Los Angeles during this period; served as consultant for last four months as the company transitioned to a new, on-site CFO.