Digital Federal Credit Union doubles lending volume with Blue Sage

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New England’s Largest Credit Union Achieves 85% Increase in Lending Productivity Since Adopting End-to-End Digital Platform

MARLBOROUGH, Mass., September 13, 2022 /PRNewswire/ — Blue Sage Solutions, LLC, developers of the leading end-to-end browser-based mortgage system, announced that Digital Federal Credit Union (DCU), New England’s largest credit union, achieved an 85% increase in lending productivity since implementing the Blue Sage digital lending platform last year.

While higher interest rates are dampening the business of many lenders, in the first six months of 2022, DCU doubled its lending volume using the Blue Sage platform. In addition to purchasing loans, DCU now uses Blue Sage for home equity loans, including home equity lines of credit (HELOC).

DCU, which has over one million members and operates over $9.9 billion of assets, chose Blue Sage to replace its loan origination and point-of-sale (POS) software, which relied on older technology and could not be easily integrated with the credit union’s other mortgage-related systems . Older platforms were much more disjointed, creating an inconsistent borrowing experience for members.

Using the highly configurable Blue Sage digital lending platform, DCU was able to centralize all of its mortgage-related technology and create a seamless, highly engaged user experience for its loan officers and borrowers. Most importantly, DCU was able to accelerate its loan production and close more loans faster while reducing overtime costs.

“With Blue Sage, we are finally harnessing automation to its full potential,” said Jason Sorochinsky, DCU’s Vice President of Mortgages. “Blue Sage has provided us with over 70 automated processes, including automated tools that help our members apply for loans on their own. As the hub of our mortgage ecosystem, the Blue Sage platform is the perfect complement to our efforts. digital transformation underway and has made loan production completely seamless and our loan officers are also happier than ever.”

“We are thrilled that our technology has helped DCU achieve such success despite today’s rather challenging lending environment,” said Carmine Cacciavillani, president and founder of Blue Sage. “Because the Blue Sage digital lending platform is built on modern technology, delivered via the cloud, and can be customized for any credit union or lender business, it’s the perfect system for anyone. any market. We look forward to continuing to work with DCU and ensuring their long-term success.”

About Digital Federal Credit Union (DCU)

Digital Federal Credit Union is a not-for-profit financial cooperative owned and operated for our members. DCU was incorporated in October 1979. Since then, DCU has been chosen as the credit union for over 700 businesses and organizations. DCU serves more than one million members and their families in all 50 states. For more information, visit www.dcu.org.

About Blue Sage Solutions

Blue Sage is an innovative cloud-based digital lending platform for retail, wholesale and correspondent lenders that delivers 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 apps 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.

press contact
Mike Murray
Strategic Marketing and Public Relations
(240) 498-0863
[email protected]

SOURCE Blue Sage Solutions

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