Blue Sage Solutions launches its interim servicing system

Blue Sage Solutions has formally rolled out an interim servicing system it released in demo mode at the Digital Mortgage Conference last year. There are plans to build it out further in 2025.

The company, which earlier took on some large competitors' legacy technology by launching a newer combined Cloud-based point-of-sale and loan origination system, now has officially embarked on a similar move into servicing. 

While the move somewhat parallels Blue Sage's biggest LOS rival, Intercontinental Exchange, recently made in acquiring servicing tech giant Black Knight, it's a coincidence in that the platform's been in the works for over three years, a company executive stated.

That said, it does reflect a broader trend.

"What that merger tells you, among other things, is that we're not the only ones who think having one-stop-shopping for the origination and servicing technology is a good idea," David Aach, chief operating officer at Blue Sage, said.

To start its foray into servicing, what Blue Sage is offering is an LOS-agnostic technology that originating lenders selling loans into the secondary market can use to handle payments and necessary investor reporting prior to the mortgage's transfer.

"Most of these originators have, from what we've been learning, very painful manual processes in their accounting departments for processing those payments, so we're targeting that pain point and saying, 'We have a solution for you,'" Aach said. 

Full servicing functions are set to come later.

"We want to have a complete end-to-end solution that allows you to take an application at the front end and service it for the life of the loan on the back end," he said. "We're well on our way to completing that journey."