Service Credit Union Goes Live with Blue Sage Digital Lending Platform
$5B credit union expects modern, digital lending platform will enhance efficiency and save costs
Englewood Cliffs, N.J. – October 11, 2023 – Blue Sage Solutions, LLC, developers of the mortgage industry’s leading browser-based, end-to-end cloud-based platform, announced today that Service Credit Union, a $5 billion credit union serving members around the world, went live on the Blue Sage Digital Lending Platform, including a full-functional point of sale (POS), loan origination system (LOS), and document management solutions. Service CU expects to improve their members’ experience, streamline mortgage origination processes, and create significant cost savings.
The Blue Sage Digital Lending Platform is a modern and flexible system that automates the loan origination process from application to post-closing. The platform was designed to be highly configurable, allowing Service CU to tailor it to their specific needs and requirements.
The implementation of the Blue Sage Digital Lending Platform was completed in under 120 days. This quick implementation time was made possible by the platform’s cloud-based architecture and modular design, which enables easy integration with other systems for faster deployment.
“We are thrilled to have gone live on the Blue Sage Digital Lending Platform,” said Michael Mulhern, Assistant Vice President of Real Estate Lending at Service CU. “The platform’s modern technology and automation capabilities will enhance our operational efficiency and enable us to better serve our members by delivering faster turnaround times and a more seamless mortgage experience.”
The Blue Sage Digital Lending Platform offers a range of benefits, including a streamlined and paperless mortgage application process, faster underwriting and closing times, and reduced loan processing costs. The platform also provides advanced automation capabilities to eliminate errors, giving Service CU more time to focus on the needs of their members.
“We are proud to partner with Service Credit Union and help them achieve their lending goals,” said Carmine Cacciavillani, founder and president of Blue Sage Solutions. “Our platform was designed to deliver the scalability and flexibility that financial institutions need to compete in today’s digital world, and we look forward to continuing to support Service Credit Union’s growth and success.”
About Service Credit Union
A dynamic, member-owned, financial cooperative, Service Credit Union is dedicated to providing a banking experience that improves our members’ lives and the communities in which they live. Established in 1957 to provide affordable credit to the Pease Air Force Base community, and now the largest credit union in New Hampshire, with over $5 billion in assets and 50 branch locations in the New England Region and Germany, we continue to provide a better future to our members all over the world. To learn more about Service Credit Union, please visit www.servicecu.org.
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% 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.
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