Mortgage POS platform developer Cloudvirga has named Jim Portner as its new chief product officer.
In this new role, Portner will oversee product strategy development and marketing for the company’s digital mortgage automation platforms.
Prior to this position, he served as the as the senior vice president of products and strategy at First American Financial Corporation. During his time, Portner oversaw strategy, management and marketing for the firm’s database solutions, including Data Trace and DataTree.
Portner has also held management roles at mortgage fraud solutions provide Interthinx, which was acquired by First American in 2014.
Cloudvirga is a mortgage point-of-sale platform that helps to automate back office operations to reduce costs, and increase transparency. The solution helps consumers to get access to an online mortgage and provides lending businesses with tools and insights to help these processes.
This hiring comes after Cloudvirga announced it has added five top-30 lenders to its platform over the past 100 days.
Cloudvirga CEO Michael Schreck said, “Jim has a remarkable pedigree developing and leading product lines for some of the world’s largest financial services and SaaS firms. He is the perfect fit to lead Cloudvirga’s talented product team and take our market-disruptive digital mortgage platforms to the next level.”
Earlier in the year, Cloudvirga raised $15m in its Series B financing round which was supplied by Blackstone Group’s portfolio company Incenter. The company closed this line of equity to support the company expand its product offerings.
Last month, digital mortgage broker Ikbenfrits closed a €2m Series A round led by Finch Capital (formerly known as Orange Growth Capital).
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