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FINANCIAL | Lending / Consumer
franklinamerican.com

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Founded Year

1993

Stage

Acquired | Acquired

Valuation

$0000 

About Franklin American Mortgage

Franklin American Mortgage is a full-service mortgage banker licensed to provide residential mortgages across the country to customers with a variety of backgrounds and needs.

Franklin American Mortgage Headquarter Location

6100 Tower Circle Suite 600

Franklin, Tennessee, 37067,

United States

615-778-1000

Latest Franklin American Mortgage News

Cloudvirga partners with Citizens Bank’s wholesale channel

Jun 29, 2020

On Monday, Cloudvirga announced its integration with Citizens Bank’s wholesale channel, Franklin American Mortgage Company, to combine its digital mortgage processes with point of sale software and cloud-based technology. Franklin American Mortgage Company is the nation’s largest bank-owned wholesale lender. Through the partnership, Franklin American Mortgage aims to transform its third-party origination platform into a one-stop-shop for its broker partners, Cloudvirga said. “In today’s wholesale environment, lenders have a responsibility to empower their brokers with the tools they need to be successful,” said Scott Tansil, executive vice president of wholesale lending at Franklin American Mortgage. Cloudvirga rolled out its TPO program in May to accommodate the increased market share of the wholesale lending sector, which has reached almost 16% of the nation’s $2 trillion annual mortgage volume. The platform offers brokers structured loan details for all loan products, pricing, real-time third party fees, reissuance of credit, electronic connections for income and assets, the ability to run dual AUS, issue lender disclosures and satisfy conditions digitally. In June of 2019, Citizens Bank unveiled its digital mortgage experience, which enabled borrowers to both apply for and manage their mortgages online, as well as a home shopping portal. Now, the company is looking to increase the number of tools in customers’ hands. The Cloudvirga technology will allow brokers to have their own POS to grant their customers functionalities within the platform including verifying assets and income, uploading documents, collecting e-signatures and paying for appraisals. Leave a comment

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