Tennessee-based nationwide lender fuels development by way of enhanced effectivity and buyer expertise with absolutely cloud-based know-how
NASHVILLE, Tenn., April 17, 2024 /PRNewswire/ — First Community Mortgage (FCM) marked a big milestone by absolutely implementing the Blue Sage Digital Lending Platform and LION Consumer POS. With this strategic transfer, the Murfreesboro-based nationwide lender has modernized its mortgage operational processes, boosted productiveness and is delivering an enhanced borrower expertise for its clients.
One of the {industry}’s fastest-growing lenders, FCM originated $2 billion in home loans final yr by way of its wholesale and retail divisions. While experiencing document development, together with a 250% enhance in its gross sales workers over the previous two years, FCM acknowledged the crucial for revolutionary trendy know-how that might maintain its momentum and ship an environment friendly, scalable and streamlined expertise for each debtors and gross sales groups.
“Our collaboration with Blue Sage has been exemplary from the beginning,” says Andrew Badstubner, CIO at FCM. “Blue Sage’s management has been extremely supportive of our ‘run quick’ technique and much exceeded our expectations. The platform really is as quick and intuitive as we have been informed, and its consumer authentication and access controls have been extremely straightforward for our workers to undertake. Most importantly, our gross sales, processing, underwriting, and shutting groups completely find it irresistible. We could not be happier.”
After an intensive analysis of the {industry}’s prime mortgage know-how suppliers, FCM selected Blue Sage as its most popular know-how accomplice in mid-2023. Blue Sage is acknowledged for its industry-leading, 100% browser-based, complete digital lending know-how. The Blue Sage Digital Lending Platform empowers lenders like FCM to make the most of cloud-based automation to reinforce mortgage processing effectivity from preliminary utility by way of closing closing, and now interim servicing. Meanwhile, Blue Sage’s LION Consumer POS supplies debtors with a extremely engaged seamless digital expertise from any system, wherever, at any time.
“Working with First Community Mortgage has been an extremely rewarding expertise, and we’re thrilled that the Blue Sage platform is already driving outcomes,” says Carmine Cacciavillani, president and founding father of Blue Sage. “Our collaboration is an ideal instance of how briskly and straightforward it’s for lenders to transition to digital mortgage know-how, scale their operations and thrive in any kind of market. We look ahead to an extended and rewarding partnership.”
Thanks to a good collaboration with Blue Sage’s professional consumer implementation staff, FCM was capable of efficiently launch the platform in lower than six months. FCM has already achieved efficiencies in its inner processes whereas offering each debtors and mortgage officers with a seamless mortgage expertise.
The Blue Sage Digital Lending Platform streamlines mortgage processing duties from utility to closing, enabling regional banks, mortgage bankers, and credit score unions to scale business effortlessly, whatever the channel – retail, correspondent or wholesale. Blue Sage additionally has a library of API-based connections with third-party providers and software program suppliers, fostering seamless integrations that enhance workflows whereas offering lenders with a aggressive edge.
First Community Mortgage, Inc. is an entirely owned subsidiary of First Community Bank of Tennessee and contains Wholesale and Retail divisions. FCM is a FNMA, FHLMC, and GNMA vendor/servicer and provides mortgage options to customers and monetary establishments. It funded almost $3.5 billion in home loans in 2021 and has been the winner of a number of “finest locations to work” awards, together with being named one of many 2022 Top Workplaces USA by Energage, one of many Best Places to Work 2021 by the Nashville Business Journal and one of many Top Workplaces 2021 by The Tennessean newspaper. First Community Mortgage is an Equal Housing Lender, NMLS ID 629700.
Blue Sage Solutions is a number one supplier of revolutionary, cloud-based digital mortgage know-how for the mortgage {industry}. The firm’s Digital Lending Platform supplies end-to-end performance for your complete lending and achievement course of, no matter channel, whereas delivering a superior expertise for each borrower. The Blue Sage Digital Servicing Platform permits monetary establishments to modernize their servicing operations, scale back prices, and entice and retain extra debtors. All Blue Sage applied sciences are 100% browser-based, geared up with cellular purposes, and delivered by way of a safe, absolutely managed cloud service. Blue Sage Solutions is headquartered in Englewood Cliffs, New Jersey.
Media inquiries
Drew Plant
[email protected]
678-637-5532
Megan Chastain
First Community Mortgage
615-896-4141
[email protected]
SOURCE First Community Mortgage
