Member First Mortgage provides a complete range of conventional and government loans and performs loan processing, fulfillment, servicing and other mortgage-related services for more than 200 credit unions nationwide.
Now it will be able to originate all loans using the Blue Sage Digital Lending Platform. The browser-based, highly scalable solution is capable of supporting any mortgage channel, including retail, wholesale and correspondent lines of business, Blue Sage says in a release.
Accessible on any device, the platform handles pricing, underwriting and loan decision-making from the point-of-sale stage all the way to the closing and funding of a loan.
Jerry Reed, CEO of Member First Mortgage, says the decision to use Blue Sage follows an extensive search and review of competing loan origination platforms.
“Unlike most loan origination software, Blue Sage was not built with technology that was developed more than a decade ago and is continually repackaged to look new,” Reed says. “It was written in current software language and includes a rich system of APIs, making it a more fluid system that offers better connectivity than any other product on the market. And because Blue Sage is a cloud-managed system, we can add new features and capabilities for years without constantly building new bridges to third-party software and services.”
Reed says the digital platform will be instrumental in helping to attract and serve younger members. It comes equipped with borrower-facing loan application tools that enable credit union members to manage their own mortgage experience. After a borrower applies for a loan online, Blue Sage automatically calculates fees and creates electronic disclosures that are then sent to the borrower for e-signing, saving time and effort.
All vendor services – such as appraisals, title and flood insurance – can be automatically ordered online through Blue Sage’s workflow as well.