Merchants Bank of Indiana, a full-service bank with more than $18 billion in assets, is now using Blue Sage’s Digital Lending Platform to power its newly launched jumbo correspondent lending program.
By adopting Blue Sage’s modern, end-to-end platform, Merchants Bank will enhance efficiency, transparency and scalability across the entire purchase process — from loan registration through review, approval and purchase – for its new jumbo offering, Blue Sage says in a release.
The platform’s integrated Seller/TPO Portal also enables a seamless and collaborative experience for Merchants’ approved sellers.
“Our jumbo program is a strategic growth initiative for us,” says Jerry Koors, president of mortgage at Merchants Bank, in the release. “We knew we needed a platform that could support both complexity and scale, and Blue Sage has delivered exactly that. The automation, transparency and flexibility of the platform gives our sellers a competitive advantage and gives us the confidence to expand further.”
The Blue Sage Digital Lending Platform is designed to handle the entire mortgage lifecycle in a single fully integrated environment. Built natively in the cloud and leveraging an open API framework, the platform delivers unmatched configurability, automation and data transparency for lenders of all sizes.
“Merchants Bank is a forward-thinking institution, and we’re excited to support their continued growth,” says Carmine Cacciavillani, CEO and founder of Blue Sage Solutions. “Our platform was built to help lenders, like Merchants Bank, deliver speed, scalability and control, while enhancing their ability to service their partners with confidence.”
This implementation marks the initial phase of a broader initiative. Over the next several months, Merchants Bank plans to roll out Blue Sage’s Digital Lending Platform across its Wholesale and Retail lending channels as well, furthering the bank’s commitment to a unified, digital-first strategy.