Capsilon, Blue Sage Team Up to Automate Loan Workflows with Perfected Data
Capsilon’s patented document recognition and data extraction technology will help Blue Sage’s lender clients drive down costs and deliver key competitive advantages
San Francisco, CA and Englewood Cliffs, NJ – March, 2019 – Capsilon a leading provider of digital mortgage solutions, has partnered with Blue Sage, the mortgage industry’s only browser-based, end-to-end mortgage platform, to automate key steps in the loan origination process.
As a result of the partnership, Capsilon’s patented document recognition and data extraction technologies have been integrated into the Blue Sage Digital Lending Platform to help mortgage lenders of all sizes drive down origination costs and improve customer satisfaction. The integration with Capsilon is made possible through Blue Sage’s unique application programming interfaces, or APIs, which make interoperability between third-party technology providers completely seamless.
Capsilon IQ captures and perfects mortgage data from any source, eliminating manual data entry and comparison, and enabling automation with complete, accurate information. The Capsilon IQ platform helps lenders to speed up loan intake and reduce the manual work typically associated with handling inbound documents and data, so they can redeploy staff on more valuable tasks.
“We are very excited to partner with Blue Sage, as it represents the cutting edge of today’s mortgage origination technology,” said Sanjeev Malaney, CEO of Capsilon. “Blue Sage and Capsilon also share a common goal—to help drive down origination costs while helping our mutual customers take on more volume, scale appropriately and create key competitive advantages that drive their business growth.”
The Blue Sage Digital Lending Platform is a browser-based, highly scalable solution capable of supporting any mortgage channel, including retail, wholesale and correspondent lines of business. Built, managed and delivered through a cloud environment, Blue Sage can be accessed on any device and handles pricing, underwriting and loan decision-making from the point-of-sale stage all the way to the closing and funding of a loan.
“Capsilon IQ perfectly and seamlessly complements our robust workflow tools and enhances our ability to deliver a truly unique, digital mortgage experience,” said Joe Langner, CEO of Blue Sage. “Not only will Capsilon’s technologies help save our lending clients time and money, they will improve quality and efficiency at every stage of the mortgage lifecycle. We couldn’t be happier to be working together.”
About Blue Sage
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% 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. The company’s technology was developed over the past four years by the founders of Palisades Technology Partners, developers of Impact, the first end-to-end web-based loan platform which was used by five of the 10 largest U.S. originators. Blue Sage Solutions is headquartered in Englewood Cliffs, New Jersey. For more information, visit www.bluesageusa.com.
Capsilon helps mortgage lenders, investors, and servicers automate their business with trusted data. Capsilon IQ, is the digital mortgage platform that uses machine learning and natural language processing (NLP) to capture, perfect and store mortgage data from any source in a single big data repository. Companies can use the perfected data to power their own business applications or use Capsilon’s suite of Digital Mortgage apps to eliminate manual work and enhance decision making from application through post-closing and servicing.
More than 160 of the mortgage industry’s most innovative companies use Capsilon’s enterprise SaaS solutions, including 3 of the 10 largest U.S. residential mortgage companies. The company is headquartered in San Francisco and has more than 450 employees worldwide. For more information, visit capsilon.com.