Leading credit union leverages digital
mortgage provider's state-of-the-art LOS and LION Consumer POS,
offering its members a seamless, secure and speedy experience from
any device
CONCORD,
Calif., July 9, 2024 /PRNewswire/ -- Chevron
Federal Credit Union (Chevron FCU), a leading credit union based in
Concord, California, has
successfully implemented Blue Sage Solutions' fully cloud-based
Digital Lending Platform. This milestone enables the credit union
and Spectrum Credit Union to streamline the home financing
experience for its members while enhancing efficiency through its
entire loan origination process. In addition to leveraging all
components of the Blue Sage LOS platform, the credit union
implemented Blue Sage's LION Consumer POS, ensuring members can
check rates, apply, and get approved for mortgages from any
device.
A $4.8 billion credit union with
more than 135,000 members nationwide, Chevron FCU selected the Blue
Sage platform for its modern API-first technology, user-friendly
interface and best-in-class integrations with some of the
industry's leading service providers, including Docutech,
ComplianceEase and Optimal Blue. In addition to the platform's
enterprise grade security, the credit union valued Blue Sage's
seamless ordering of preliminary title reports, accurate fee
calculations, and ensuring compliant and saleable loans all
throughout the process – from quote to close.
"It is very important to us to provide our members with an
exceptional experience, especially when obtaining home financing,"
said Mike Long, senior vice
president and chief lending officer for Chevron FCU. "After
extensive research, it was clear that Blue Sage's innovative,
cloud-based digital technology was the superior choice. We're
confident that Blue Sage offers everything we need in a mortgage
technology partner to originate loans more efficiently, and still
provide the best member experience."
The Blue Sage Digital Lending Platform is a 100% browser-based
platform that delivers advanced automation, task based workflows,
and an intuitive user interface, delivering the most advanced loan
processing from application to closing in the market. The API-based
technology enables credit unions, regional banks and independent
mortgage bankers to scale their mortgage operations effortlessly,
regardless of channel.
"In today's complex housing environment, many credit unions are
striving to reduce friction in the mortgage process while giving
members a seamless lending experience," said Carmine Cacciavillani, founder and president of
Blue Sage Solutions. "We're thrilled to provide Chevron FCU with
our comprehensive, cloud-based technology, built in-house by an
experienced team, which delivers on both fronts. We look forward to
a long and productive partnership."
About Chevron Federal Credit Union
Established in
1935, Chevron Federal Credit Union (Chevron FCU) is a member-owned,
not-for-profit organization that exists to help its more than
135,000 members achieve personal financial success. Chevron FCU is
ranked in the top 2% of credit unions by asset size with over
$4.8 billion in assets across its two
brands – Chevron FCU and Spectrum Credit Union. Headquartered in
Concord, California, with branches
from coast to coast, Chevron FCU offers trusted banking and lending
services that help guide its members to achieve their financial
goals and aspirations throughout every stage of their lives. For
more information, visit www.chevronfcu.org or
www.spectrumcu.org.
About Blue Sage Solutions
Blue Sage 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 ultimately 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. For more information, visit www.bluesageusa.com.
Press Contact
Mike
Murray
Strategic Vantage Marketing and PR
(240) 498-0863
MikeMurray@StrategicVantage.com
Jackie Orihill
Chevron Federal Credit Union
SVP, Marketing
JOrihill@chevronfcu.org
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SOURCE Blue Sage Solutions