Blueberry Systems LLC, a provider of mortgage production solutions to the financial services industry, has enhanced its proprietary Conductor technology to give mortgage lenders greater control over their loan data, while increasing efficiency and lowering the risk of errors and costly buybacks. These enhancements empower lenders to customize how applications integrated to a given system can or cannot be leveraged by a user.
Conductor integrates unrelated software applications and platforms to yield a single, common user experience. Users can now customize Conductor to establish which tools are available to loan officers in the production of a loan. For example, loan officers can be prevented from re-ordering a credit report or automated underwriting findings once the production of a loan reaches a certain point, actions that can create discrepancies between the underwriting data and the loan data seen by the investor. When such discrepancies occur, the investor can force the lender to buy back the loan at great expense.
"Users can now also set up flags that turn off certain tools when the status of a loan file reaches a specific threshold in loan production process," said Lloyd Booth, president of Blueberry Systems. “Our primary mission is giving lenders greater power and control over data quality and integrity. With our enhanced Conductor technology, users can now customize what their third party applications can do, yet in a way that preserves data quality. The result is fewer overhead expenses and a lower cost-per-loan.”
Conductor technology is a critical component of Blueberry Systems’ flagship technology, RELAY, a highly flexible, fully customizable loan production platform. Conductor makes RELAY’s use of a universal data model possible and allows RELAY to leverage the technological advantages of a ‘best-in-class’ system with the workflow efficiencies of an ‘end-to-end’ system. As a result, RELAY offers the highest data quality standards and represents the next-generation of workflow efficiency.
