Expediting the Complex Mortgage Processes to Enhance User Experience

Truv, the market’s leading provider of direct-to-source income, employment, and asset verification solutions, has officially announced a strategic integration with Blue Sage Solutions, a cloud-based digital lending platform for mortgage originators. 

According to certain reports, this particular integration arrives bearing the means to bestow lenders with an uninterrupted access of Truv’s advanced verification capabilities across their existing workflow in the Blue Sage Loan Origination System (LOS). The intention behind that is to create a streamlined verification process which, on its part, significantly reduces costs and improves efficiency for mortgage lenders from application to closing.

“Our integration with Blue Sage represents a major advancement in mortgage technology,” said Kirill Klokov, CEO of Truv. “By providing direct access to real-time income and employment data within the Blue Sage environment, we’re helping lenders make faster, more confident lending decisions while improving the borrower experience.”

Talk about the whole value proposition on a slightly deeper level, we begin from the promise of significant cost savings. This translates to how lenders who leverage the capabilities of Truv can very well save 60 to 80% on verification costs, as compared to traditional solutions. Such a mechanism, like you can guess, should bolster margins per loan file.

Next up, users can come expecting a more accelerated loan processing arrangement. You see, direct-to-source verification data, when packaged with Blue Sage’s automation capabilities, will make a point here to improve upon processing turn times, while simultaneously cutting back on the time to close. 

“This partnership with Truv aligns perfectly with our mission to modernize mortgage lending through technology. The integration provides our clients with instant access to critical verification data, eliminating manual processes while ensuring compliance and accuracy,” said Carmine Cacciavillani, CEO of Blue Sage Solutions. 

Another detail worth a mention is rooted in the prospect of an enhanced borrower experience. Leveraging a fully digital verification process, the integration in question treads up a long distance to reduce the paperchase and cumbersome manual process for borrowers.

Rounding up highlights would be an aspect focused on delivering outright streamlined implementation. Thanks to that, users can go live quickly with minimal effort, using straightforward configurations.

Founded in 2020, Truv’s rise up the ranks stems from bringing forth real-time income, employment, and asset verification solutions that help lenders make more informed decisions, and at the same time, reduce friction throughout application process. The company’s excellence in what it does can also be understood once you consider it presently offers comprehensive coverage across 96% of the US workforce, as well as 2.3M+ employers nationwide.

Turning our attention towards Blue Sage Solutions, it makes a case for itself on the back of helping lenders lower costs and boost productivity. The company’s current ideology involves maximizing system connectivity across its multi-channel platform and maintaining a comprehensive library of APIs.

Blue Sage markedly gets its piece of validation from its loan processes that are 90% faster than the widely-considered norm.

 “Our mission is to make the mortgage experience simple and enjoyable for everyone—including our customers and our team members. The integration between Truv and Blue Sage supports that mission by eliminating document clutter and verification delays by providing fast, reliable data straight from the source. It streamlines workflows, lifts team morale, and delivers a more seamless experience for the families we serve,” said Andrew Badstubner, CIO at First Community Mortgage.