The deal to acquire Cloudvirga is the second big deal in six months for the Houston-based provider of real estate information, title insurance and transaction management services.

Stewart Information Services Corp. continues to expand its capabilities as a provider of services to mortgage lenders, this time with the acquisition of Cloudvirga, a digital platform used by 10 of the top 40 U.S. mortgage originators to make nearly $100 billion in loans a year.

It’s the second big deal in six months for the Houston-based provider of real estate information, title insurance and transaction management services, following on the heels of Stewart’s move to acquire e-notary service NotaryCam in December.

Stewart hasn’t disclosed the terms of either deal, but Cloudvirga boasted impressive growth last year, signing four new retail lenders and launching a third-party origination (TPO) platform that the company boasted would help wholesale lenders compete with the likes of industry leaders United Wholesale Mortgage and Rocket Mortgage.

NotaryCam is one of fewer than a dozen companies certified to complete remote online notarizations (RONs) by the Mortgage Industry Standards Maintenance Organization (MISMO). Last year Stewart also acquired United States Appraisals, an appraisal management firm, and valuations services provider Pro-Teck Services Ltd.

Fred Eppinger

“Combined with our newly acquired capabilities such as RON, a notary network and valuation services, Cloudvirga’s platform will accelerate our digital offerings in all markets, complement our existing capabilities and enhance our ability to provide customers with end-to-end mortgage services and solutions,” Stewart CEO Fred Eppinger said in a statement.

When Eppinger took on the role of CEO in 2019, Stewart had just come out of a failed merger attempt by a competing title insurer, Fidelity National Financial. Through subsidiaries that include Stewart Title Guaranty Company and Stewart Title Insurance Company, Stewart remains the nation’s fourth-largest title insurer.

Title insurance industry: 2020 market share by company. Source: American Land Title Association.

But Eppinger has overseen moves to reframe the company’s future. The NotaryCam acquisition not only got Stewart more involved in digital closings, but positioned the company to expand beyond real estate.

Cloudvirga cofounder and CEO Kyle Kamrooz said Stewart’s backing will allow the company “to increase value to our customers as we streamline and accelerate the origination process.”

Kyle Kamrooz

In a previous announcement detailing the company’s 2020 growth, Kamrooz said Cloudvirga’s retail digital point of sale platform enabled clients to work remotely during the pandemic, while handling 300 percent growth in application volume.

He said four leading wholesale lenders had adopted Cloudvirga’s new third-party origination platform, which automates wholesale originations workflow and provides private-label point of sale solutions to the lender’s brokers.

Email Matt Carter

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription