Blueberry Systems LLC, a provider of mortgage technology solutions to the financial services industry, has announced that W.R. Starkey Mortgage LLP, a Plano, Texas-based residential mortgage lender with 400-plus employees and branch operations in 10 states, has entered into a letter of intent with Blueberry Systems to implement their RELAY loan production platform. RELAY’s patent pending technology will allow W.R. Starkey to integrate its third-party systems and applications into a single workflow, providing a more efficient origination process.
“Switching to RELAY makes sense for us as we continue to expand in a heavily regulated and competitive environment,” said W.R. Starkey Mortgage Chief Information Officer Bill Burke. “RELAY enhances our ability to meet present and future government and investor compliance standards. It’s a great competitive edge.”
RELAY offers a complete loan origination system featuring a universal data model, providing the most accurate data in the industry. In contrast to most systems that present an outdated ‘database of record,’ the universal data model combines the various systems and applications involved in the production process, eliminating data silos and the need for duplicate or staggered data entry. And while most systems only make the most recent loan data available at any given time, RELAY’s universal data model makes available the various states of data as the loan evolves, in real time, and highlights discrepancies. The bottom line is much higher data quality that ensures compliance and prevents costly pricing variances and buybacks.
W.R. Starkey Chief Executive Officer John Aspinwall said, “A compelling selling point for us was the fact that RELAY allows us to keep our existing point-of-sale system, Calyx Point, so our sales force will not be required to learn a new system. RELAY’s adaptability to any POS is a great recruiting advantage.”
“We are thrilled to work with lenders like W.R. Starkey,” said Lloyd Booth, Blueberry Systems president and chief operations officer. “They have a strategic vision for where they want to go and how they want to get there. They have had the right people and the right ideas in place. Now they have the technology to maximize those assets. We are proud to be a part of their future success.”
For more information, visit www.BlueberrySystems.com or www.wrstarkey.com.
