Blue Sage Solutions, a provider of origination solutions to the mortgage industry, has released its Next Generation Digital Correspondent Lending Platform, an integrated single stack solution for seamless processing and communication between correspondent investors and their originator network.
The combined loan origination system and Web portal delivers the functionality originators want and the intelligent loan processing functions investors need, Blue Sage says in a press release.
‘Our team spent significant time working with clients to understand the broad set of business requirements,’ says Carmine Cacciavillani, president of Blue Sage. ‘I think we hit the mark with the solution's design and out-of-the-box functionality. Using the latest technology stacks and the cloud allows us to deliver the intelligent automated solution the industry needs and deserves.’
The new platform delivers the end-to-end functionality needed for originators to quickly submit loan files, as well as automated workflow for correspondent lenders to seamlessly process decision and purchase compliant loan packages,’ the company says.
The system supports delegated and non-delegated lending with configurability for real-time, two-way collaboration to drive process efficiency and transaction transparency.
‘Our clients like how rules-based automation drives the process, eliminating manual tasks, increasing data accuracy and overall speed to close,’ says Rob Strickland, senior vice president of Blue Sage. ‘Likewise, correspondents want to work with lenders that provide automated platforms, allowing them to quickly get their loans approved and purchased.’