‘Groundbreaking’ integration enables lenders to save up to $50 per loan when accessing digital VOA, VOE and VOI reports
November 21, 2022 – Englewood Cliffs, NJ – Blue Sage Solutions LLC, developers of the mortgage industry’s leading browser-based, end-to-end mortgage lending system, announced it has partnered with PointServ Technologies, a pioneer in providing borrower asset and income data, to integrate PointServ’s borrower verification products into the Blue Sage Digital Lending Platform.
Currently, most lenders use separate third-party providers to verify their borrowers’ income and assets, paying between $70 and $80 per loan to do so. With today’s announcement, Blue Sage clients can order PointServ’s digital verification of asset (VOA), verification of employment (VOE), and verification of income (VOI) reports from directly within the Blue Sage platform and save up to $50 per loan.
PointServ provides lenders with access to complete VOA data directly from all major U.S. financial institutions as well as fast, digital payroll and tax return data directly from payroll providers, tax preparers and the IRS. As an authorized report supplier for Fannie Mae and Freddie Mac, PointServ’s verification products allow lenders to achieve rep and warrant relief when originating Fannie Mae and Freddie Mac loans while also enabling lenders to achieve faster closing times with an improved borrower experience.
“We’re delighted to partner with Blue Sage and share their vision of creating faster, more accurate and cost-efficient mortgages,” said Matt Ellis, senior vice president of PointServ. “We look forward to helping other lenders lower their loan production costs and create happier borrowers, which is possible even in today’s housing market.”
“With the current high interest rate environment, every lender is trying their best to lower costs while still providing borrowers with great service,” said Carmine Cacciavillani, Blue Sage founder and president. “By integrating PointServ’s technologies into our cloud-based platform, we’re helping them do both.”
PrimeLending, a Blue Sage client, recently began leveraging PointServ’s products through the Blue Sage Digital Lending Platform. The results have been “game-changing,” said Kimberly Hartsough, SVP, national production operations manager for the lender.
“Having a technology edge over our competitors is another way to win customers and referral partners. Blue Sage and PointServ have catapulted our ability to stay on the cutting edge with direct integrations and automation that are helping to reduce cost per-loan, maximize efficiencies within the loan process, and greatly enhance our customer’s experience,” Hartsough said. “It’s been a game changer for our team and our customers!”
About Blue Sage Solutions
Blue Sage is an innovative, cloud-based digital lending platform for retail, wholesale and correspondent lenders that provides a superior lending experience for every borrower. The company’s technology is 100 percent browser-based and provides end-to-end functionality for the entire lending and fulfillment process, regardless of channel. All Blue Sage solutions include mobile applications and are delivered through a secure, fully managed cloud service. Blue Sage Solutions is headquartered in Englewood Cliffs, New Jersey. For more information, visit www.bluesageusa.com.
Founded in 2008 and headquartered in Silicon Valley, PointServ provides access to source data across the complete set of consumer financial documents needed by mortgage lenders and banks. PointServ improves the ecosystem of consumer finance in the U.S. by creating a better consumer experience, improving operational efficiency, and eliminating fraud.