California-based mortgage technology company Cloudvirga on Thursday announced 20-year mortgage industry veteran Dan Sogorka will be taking the reins as CEO — eight months after Sogorka joined the company as chief revenue officer.
Cloudvirga offers three mortgage solutions that includes originator and consumer point-of-sale platforms, and an ecosystem integration that enables originators to integrate their current loan originator systems, credit and settlement providers, mortgage insurance vendors and product and pricing engines with Cloudvirga’s platform.
The company has nine of the nation’s top 40 non-bank mortgage originators as its clients, and has been listed on HousingWire’s HW Tech 100 list for two consecutive years.
“In a short period of time, Dan Sogorka has had a profound impact on Cloudvirga’s growth, and he is without question the right person to take this company to the next level,” said Cloudvirga Cofounder Mark Attaway in a prepared statement. “Already, he has built an expert sales and marketing team from the ground up, has filled our sales pipeline with the country’s leading mortgage originators, and has been instrumental in building out the technology partnerships required to realize Cloudvirga’s digital mortgage vision.”
Prior to joining Cloudvirga, Sogorka was President of EXOS Technologies and Executive Vice President of Servicelink, a subsidiary of Fidelity National Financial. Sogorka has also served as a Division President at Black Knight, where he earned the Mortgage Bankers Association’s Tech All-Star award and October Research’s Innovator of the Year award.
“I’m very grateful for the contributions outgoing CEO Michael Schreck did during his time with Cloudvirga, building out an amazing senior leadership team and shepherding the company through its Series C funding round with Riverwood. Schreck will continue to support our efforts as a trusted Advisor,” said Sogorka of his promotion in a prepared statement.
Sogorka’s move to CEO is the third change Cloudvirga has made to its executive lineup this year. In July, Maria Moskover and Daniel Avika were hired as the company’s new chief legal and compliance and chief technology officers.
Before joining Cloudvirga, Moskover was a compliance officer for Covius and Walz Group, and Avika served as loanDepot’s SVP of consumer lending technology and co-founded a company of his own, HomDNA.
In previous press releases, Attaway explained that the shake-up is due to Cloudvirga’s aggressive growth goals. In 2018, the company boasted a 54 percent year-over-year increase in mortgage loan volume and added 50 new positions to its global team. This year, Cloudvirga plans to add 50 new engineers, bringing total team count to 200.