#USA #Carmel, Indiana #Digital Lending #Blue Sage Solutions #Merchants Bank

Merchants Bank Adopts Blue Sage's Digital Lending Platform

Merchants Bank, headquartered in Carmel, Indiana, has announced its collaboration with Blue Sage Solutions, a distinguished provider of cloud-based digital lending technology. This innovative partnership is set to enhance the bank's newly initiated Jumbo Correspondent Lending program, significantly improving operational efficiency and customer experience throughout the lending process.

With over $18 billion in assets, Merchants Bank is an established full-service bank with a broad focus, including retail and correspondent residential mortgage banking. The adoption of Blue Sage's advanced Digital Lending Platform represents a key strategic initiative as Merchants aims to modernize its lending processes and meet the evolving needs of its customers.

Blue Sage Solutions specializes in providing fully integrated digital lending solutions. Their platform encompasses the entire mortgage lifecycle, offering automation, transparency, and configurability tailored for lenders of all sizes. By implementing this sophisticated technology, Merchants Bank is poised to streamline loan registration, review, approval, and purchase steps, ultimately improving the customer journey.

"Our jumbo lending program is pivotal for our growth strategy," articulated Jerry Koors, the President of Mortgage at Merchants Bank. The bank recognized the necessity for a robust platform that could manage both the complexities and scale of their jumbo lending operations. According to Koors, "Blue Sage delivers exactly what we needed. The seamless automation and flexibility provided by the platform not only gives our sellers a competitive edge but also strengthens our confidence to expand our offerings in the future."

In addition to enhancing the efficiency of the loan process, the integrated Seller/TPO Portal associated with Blue Sage's platform ensures a collaborative environment for Merchants' approved sellers, fostering stronger partnerships and a smoother transaction experience.

Carmine Cacciavillani, CEO and founder of Blue Sage Solutions, emphasized the significance of this collaboration. He stated, "Merchants Bank exemplifies forward-thinking in the modern banking landscape. Our platform is designed to cater to institutions like Merchants, helping them achieve speed, scalability, and control while effectively servicing their partners."

This implementation marks just the beginning of a larger commitment by Merchants Bank to enhance its lending approach. Plans are in place for a broader rollout of Blue Sage's Digital Lending Platform across their Wholesale and Retail lending channels in the subsequent months, further paving the way for a cohesive, digital-first banking strategy.

Merchants Bank is well-regarded as one of the top-performing banks in the United States, offering various services that include agricultural lending, business banking, and traditional community banking. The bank aims to maintain its competitive edge and commitment to exemplary customer service through the utilization of innovative technologies in their operations. More details about Merchants Bank can be found at bankmerchants.com.

Meanwhile, Blue Sage Solutions continues to play a pivotal role in the mortgage industry by revolutionizing how lending operates. Their Digital Lending Platform provides comprehensive functionality across various channels, ensuring a superior experience for borrowers. All technologies from Blue Sage are delivered through secure, fully managed cloud services, positioning them as a leader in the digital lending space. For more information, visit bluesageusa.com.