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Blueberry Systems’ Tech Enhancements Reduce Loan Buyback Risk

""Blueberry Systems, LLC"":http://www.BlueberrySystems.com, a Colorado-based provider of mortgage production solutions to the financial services industry, recently enhanced its proprietary Conductor technology, a component of the company's flagship loan production platform, RELAY.

According to a statement from Blueberry Systems, the update gives mortgage lenders greater control over their loan data, which lowers the risk of errors and costly loan[IMAGE] [COLUMN_BREAK]

repurchases from mortgage investors, in addition to improving production efficiency.

""Our primary mission is giving lenders greater power and control over data quality and integrity,"" said Lloyd Booth, president of Blueberry Systems. ""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.""

Users can customize Conductor regarding which tools are available to loan officers in the production of a loan. They can also set up flags that turn off certain tools when the status of a loan file reaches a specific threshold in the loan production process.

Conductor's patent-pending technology allows a variety of tools and applications, including underwriting technology, credit reporting solutions, and income verification tools, to collaborate by enveloping an application and making it intrinsic to another unrelated application or platform. Loan officers are able to work with all applicable applications through a single user interface.

About Author: Heather Cernoch


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