Blue Sage Solutions And The Mortgage Collaborative Partner To Bring Interim Servicing To Their Members
The Mortgage Collaborative, the nation’s largest independent mortgage cooperative, announced the addition of Blue Sage Solutions, a cloud-based technology provider, to bring interim servicing to the mortgage industry. The partnership makes the Blue Sage Digital Servicing Platform (DSP), a cloud-based system that provides all necessary functions to perform interim servicing, available to TMC members at preferred rates.
“We admire Blue Sage’s digital mortgage leadership and are delighted to partner with them,” said David Kittle, CEO of The Mortgage Collaborative. “At a time when mortgage organizations are striving to lower costs, Blue Sage’s LOS-agnostic, cloud-built servicing platform streamlines loan onboarding while bridging the divide between origination and servicing functions. I’m thrilled to welcome them to The Mortgage Collaborative.”
The Blue Sage Digital Servicing Platform revolutionizes mortgage operations through open API technology that seamlessly merges loan origination and servicing functions and is compliant at the federal, state and agency levels. Utilizing the same trusted technology and architecture as all Blue Sage offerings, the platform offers a modern, user-friendly interface that is accessible via any browser, enabling an optimized borrower and lender experience.
All lenders, regardless of their current loan origination software (LOS), can use the Digital Servicing Platform to effortlessly automate the onboarding of loans, process individual and batch payments, collect payments and seamlessly offboard loans via servicing transfers, enabling lender-servicers to reduce costs and improve borrower retention rates. In addition, a full servicing version of the platform is expected soon.
“Being huge fans of The Mortgage Collaborative, we couldn’t be happier to be chosen as an interim servicing preferred partner,” said Carmine Cacciavillani, founder and chairman of Blue Sage Solutions. “Our partnership validates our ongoing commitment to transforming the entire mortgage lifecycle for all mortgage stakeholders, including lenders, servicers, and especially borrowers. We look forward to enabling members of The Mortgage Collaborative who are looking to improve servicing efficiency and enhance the experience of every borrower they serve.”
The Mortgage Collaborative network is more than 210 lenders strong, with an aggregate annual origination volume of over $350 billion. The lender network is supported by a preferred partner network of organizations that specialize within each facet of the mortgage life cycle. The association is rewriting the playbook on the cooperative model, and their network caters to lenders of all sizes, with a strong mix of independent mortgage brokers and community banks and depositories.
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