Blue Sage integrates Capsilon’s tech to lending platform
Blue Sage is partnering with Capsilon to integrate document recognition and data extraction technology into its digital lending platform, reports David Penn at Finovate.
Deployed over a variety of mortgage channels
“Capsilon IQ perfectly and seamlessly complements our robust workflow tools and enhances our ability to deliver a truly unique, digital mortgage experience,” Blue Sage CEO Joe Langner says. “Not only will Capsilon’s technologies help save our lending clients time and money, but they will also improve quality and efficiency at every stage of the mortgage lifecycle.”
Blue Sage offers a browser-based Digital Lending Platform that can be deployed over a variety of mortgage channels, including retail, wholesale, and correspondent lending.
Capsilon IQ, Capsilon’s flagship digital mortgage solution, will be integrated into the platform via Blue Sage’s APIs to capture mortgage data from relevant documents and reduce the amount of manual labour involved in the process.
Capsilon CEO Sanjeev Malaney noted that the two companies both aim to “help drive down origination costs while helping our mutual customers take on more volume, scale appropriately, and create key competitive advantages that drive their business growth.”
Blue Sage’s technology was developed by the core team of Palisades Technology Partners in 2011 and has since expanded to include support for consumer direct and mobile lending.
Founded in 2004 and headquartered in San Francisco, California, Capsilon announced the beta launch of its digital underwriter solution earlier this month.
At the beginning of the year, the company announced that Capsilon IQ enabled companies to save more than five million people hours in 2018. Capsilon has raised $21.4 million in funding and includes Francisco Partners among its investors.
