Tennessee-based national
lender fuels growth through enhanced efficiency and customer
experience with fully cloud-based technology
NASHVILLE, Tenn., April 17,
2024 /PRNewswire/ -- First Community Mortgage
(FCM) marked a significant milestone by fully implementing
the Blue Sage Digital Lending Platform and LION Consumer
POS. With this strategic move, the Murfreesboro-based national lender has
modernized its mortgage operational processes, boosted productivity
and is delivering an enhanced borrower experience for its
customers.
One of the industry's fastest-growing lenders, FCM originated
$2 billion in home loans last year
through its wholesale and retail divisions. While experiencing
record growth, including a 250% increase in its sales staff over
the past two years, FCM recognized the imperative for innovative
modern technology that could sustain its momentum and deliver an
efficient, scalable and streamlined experience for both borrowers
and sales teams.
"Our collaboration with Blue Sage has been exemplary from the
start," says Andrew Badstubner, CIO
at FCM. "Blue Sage's leadership has been incredibly supportive of
our 'run fast' strategy and far exceeded our expectations. The
platform truly is as fast and intuitive as we were told, and its
user authentication and access controls were incredibly easy for
our staff to adopt. Most importantly, our sales, processing,
underwriting, and closing teams absolutely love it. We couldn't be
happier."
After a thorough evaluation of the industry's top mortgage
technology providers, FCM chose Blue Sage as its preferred
technology partner in mid-2023. Blue Sage is recognized for its
industry-leading, 100% browser-based, comprehensive digital lending
technology. The Blue Sage Digital Lending Platform empowers lenders
like FCM to utilize cloud-based automation to enhance loan
processing efficiency from initial application through final
closing, and now interim servicing. Meanwhile, Blue
Sage's LION Consumer POS provides borrowers with a highly
engaged seamless digital experience from any device, anywhere, at
any time.
"Working with First Community Mortgage has been an incredibly
rewarding experience, and we're thrilled that the Blue Sage
platform is already driving results," says Carmine Cacciavillani, president and founder of
Blue Sage. "Our collaboration is a perfect example of how fast and
easy it is for lenders to transition to digital mortgage
technology, scale their operations and thrive in any type of
market. We look forward to a long and rewarding partnership."
Thanks to a tight collaboration with Blue Sage's expert client
implementation team, FCM was able to successfully launch the
platform in less than six months. FCM has already achieved
efficiencies in its internal processes while providing both
borrowers and loan officers with a seamless mortgage
experience.
The Blue Sage Digital Lending Platform streamlines loan
processing tasks from application to closing, enabling regional
banks, mortgage bankers, and credit unions to scale business
effortlessly, regardless of the channel – retail, correspondent or
wholesale. Blue Sage also has a library of API-based connections
with third-party services and software providers, fostering
seamless integrations that improve workflows while providing
lenders with a competitive edge.
First Community Mortgage, Inc. is a wholly owned
subsidiary of First Community Bank of Tennessee and includes Wholesale and Retail
divisions. FCM is a FNMA, FHLMC, and GNMA seller/servicer and
offers mortgage solutions to consumers and financial institutions.
It funded nearly $3.5 billion in home
loans in 2021 and has been the winner of several "best places to
work" awards, including being named one of the 2022 Top Workplaces
USA by Energage, one of the Best
Places to Work 2021 by the Nashville Business Journal and one of
the Top Workplaces 2021 by The Tennessean newspaper. First
Community Mortgage is an Equal Housing Lender, NMLS ID 629700.
Blue Sage Solutions is a leading provider of innovative,
cloud-based digital mortgage technology for the mortgage industry.
The company's Digital Lending Platform provides end-to-end
functionality for the entire lending and fulfillment process,
regardless of channel, while delivering a superior experience for
every borrower. The Blue Sage Digital Servicing Platform enables
financial institutions to modernize their servicing operations,
reduce costs, and attract and retain more borrowers. All Blue Sage
technologies are 100% browser-based, equipped with mobile
applications, and delivered through a secure, fully managed cloud
service. Blue Sage Solutions is headquartered in Englewood Cliffs, New Jersey.
Media inquiries
Drew Plant
376281@email4pr.com
678-637-5532
Megan Chastain
First Community Mortgage
615-896-4141
376281@email4pr.com
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SOURCE First Community Mortgage