New Jersey-based Blue Sage Solutions, a provider of cloud-based lending technology, launched its Blue Sage Digital Servicing Platform, allowing lenders to utilize a fully integrated platform covering the entire mortgage lifecycle.
The initial version of the system includes all necessary functions to perform interim servicing, with full-scale servicing functionality to follow.
“We are thrilled to introduce a truly innovative, digital, cloud-built servicing platform that we expect will transform mortgage servicing operations as we know it,” Carmine Cacciavillani, founder and chairman of Blue Sage Solutions, said in a release. “This groundbreaking achievement personifies our commitment to driving innovation and efficiency — not only within the loan production process, but throughout the entire mortgage lifecycle.”
The new platform uses API-based technology that merges loan origination and servicing functions and is fully compliant.
Leaders also specified that the platform is not only for users of the Blue Sage Digital Lending platform, the company’s end-to-end, cloud-based loan origination system (LOS). All lenders, regardless of their current LOS, can use it to automate closed loan transfers, process individual and batch payments, onboard loans, collect payments and more.
The full servicing version of the Blue Sage Digital Servicing Platform will include expanded functionality such as investor reporting and default management.