Scalable End-to-End Cloud Solution Prepares Credit Union for Future Growth
Posted: October 17, 2021 at 7:00 a.m. CDT
DENVER, October 17, 2021 / PRNewswire / – Westerra Credit Union, a DenverFinancial services community that offers mortgages and other financial products to its members, has announced its posting on the digital lending platform Blue Sage Solutions. Built with modern technology, the cloud-based digital lending platform provides mortgage originators with end-to-end functionality for the entire lending and loan execution process, regardless of the channel.
Westterra’s goal for upgrading its lending technology was to find a strategic partner to help it meet the needs of its members for years to come.
“We needed a technology platform to integrate into all of our applications, but our membership continues to grow. So we also needed a solution that could evolve as we grew, ”said Westerra’s vice president of mortgages. Michelle burke. “The Blue Sage team has partnered with us to deliver a new system based on the latest technology.”
“Our digital lending platform adapts to the needs of all independent lenders, banks, credit unions and mortgage companies,” said the founder and president of Blue Sage. Carmine Cacciavillani. “I think our customers see that Blue Sage provides the right technology for today’s market, and our open architecture easily adapts and upgrades to serve customers in the future.”
Westerra also uses the Blue Sage platform to open new accounts for members through access to Westerra’s core banking system. “What previously took 45 minutes can now be completed in less than 5 minutes because we have a seamless experience between members and our back office systems across all of our consumer products,” said Burke.
Westterra can also define dynamic workflows for its users based on borrower information and product availability. “The purchase of rates in Blue Sage’s point of sale system is huge for our members and prospects to offer competitive rates,” added Burke. “With Blue Sage as a partner, our vision is that when members apply for a mortgage, the system automatically opens a sharing account when switching to financing. “
“Our team at Blue Sage have appreciated the partnership with Westerra,” said Cacciavillani. “Our digital lending platform is a next-generation solution built on over thirty years of experience in designing advanced systems for lenders. We are excited to see Westterra grow and serve its members in new ways using our platform. “
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 loan and fulfillment process, regardless of the channel. Blue Sage also includes a LO Mobile Office app, and all products are delivered through a secure, fully managed, dedicated cloud model. The company’s technology has been developed over the past four years by the founders of Palisades Technology Partners, developers of Impact, the first end-to-end web lending platform used by five of the top 10 US originators. Blue Sage Solutions is headquartered at Englewood Cliffs, New Jersey. For more information, visit www.bluesageusa.com.
About the Westerra Credit Union
Westterra Credit Union is a locally owned financial cooperative by people who have accounts with the credit union. Eight Denver teachers created the credit union in the midst of the Great Depression. They pooled their funds and provided loans to strengthen families and the community during this crisis. Today, they continue this mission to help families and communities get through the financial hardships of the COVID-19 crisis. Denverbased at Westerra Credit Union owns more $ 1.9 billion in assets and serves 125,000 members through the Denver subway station. For more information, visit www.westerracu.com.
Strategic Marketing and Public Relations
Westterra Credit Union Media Contact:
Fitzgerald Petersen Comm.
303.406.8839 | [email protected]
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