Alliances and Partnerships, Business, Software

Blue Sage Solutions and The Mortgage Collaborative Partner to Bring Interim Servicing to their Members

ENGLEWOOD CLIFFS, N.J. -- The Mortgage Collaborative, the nation's largest independent mortgage cooperative, announced the addition of Blue Sage Solutions, an industry leader in innovative cloud-based technology providers, 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. Leveraging 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 system (LOS), can use the Digital Servicing Platform to effortlessly automate the onboarding of loans, process individual and batch payments, collect payments and seamless 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.

For more information about the Blue Sage Digital Servicing Platform, visit bluesageusa.com/product/digital-servicing-platform.

About Blue Sage Solutions:

Blue Sage is a leading provider of innovative, cloud-based digital technology for the mortgage industry. The company's Digital Lending Platform provides end-to-end functionality for the entire lending and fulfillment process, regardless of channel, while delivering a superior experience for every borrower. The Blue Sage Digital Servicing Platform enables financial institutions to modernize their servicing operations, reduce costs and ultimately attract and retain more borrowers. All Blue Sage technologies are 100 percent browser-based, equipped with mobile applications, and delivered through a secure, fully-managed cloud service. Blue Sage Solutions is headquartered in Englewood Cliffs, New Jersey. For more information, visit https://bluesageusa.com/.

About The Mortgage Collaborative:

The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders across the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America. For more information, visit https://www.mortgagecollaborative.com/.

Related link: https://www.mortgagecollaborative.com

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles

Mid America Mortgage Bolsters Servicing Department with New Hires

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced today that it has added John Bargas, Donnell Mitchell and Wendy Strawn to its servicing department. Bargas will lead the department as Executive Managing Director of Servicing and the combined experience and expertise of all three hires will make an immediate impact.

"Since bringing our servicing in-house in late 2019, we've worked continuously to strengthen the department," said Mid America Owner and Chief Executive Officer Jeff Bode. "Bargas and his team bring invaluable knowledge and capability to Mid America, elevating our servicing department to new heights."

Bargas is a seasoned mortgage servicing professional with over 20 years of experience in financial services. Most recently, he served as Director of Mortgage Servicing at Texas Capital Bank and has also held multiple leadership roles in mortgage banking, including at Saxon Mortgage, Capital One and Newbold Advisors. He brings a wealth of experience in servicing, mortgage banking, accounting and managing servicing quality control programs.

Bargas shaped his career by working directly in various areas of residential servicing. He is a subject matter expert in GSE/Regulatory compliance and optimizing servicing technology. Bargas is skilled in leading servicing organizations by focusing on optimizing servicing performance and enhancing the customer experience.

Mitchell comes to Mid America from Rushmore Loan Servicing, where he held a leadership position in servicing operations for two years. With nearly 20 years of experience in loan servicing, Mitchell has a diverse background spanning operational management, technical understanding and service delivery. Additionally, Mitchell has managed servicing operations at Capital One and Pacific Union Financial.

Strawn has over 25 years of experience in customer service and cash operations, including 12 years at Saxon Mortgage where she first crossed paths with both Bargas and Mitchell. Strawn has proven success in process cost reduction, payment processing and configuration, customer service and financial reporting.

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/.

Mid America is looking for tech-savvy, service-oriented mortgage professionals to join its growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit http://www.midamericamortgage.com/careers/.

Related link: https://www.midamericamortgage.com/

This news story was published by the Neotrope® News Network - all rights reserved.