The article discusses interim servicing within the mortgage industry, describing it as the period after loan origination but before delivery to investors, during which payments are processed. Aach highlights the struggle of lenders with manual processes in interim servicing and how Blue Sage aims to ease this pain by improving servicing systems. The company is focusing on building trust in the market by hosting webinars and drafting business cases to demonstrate the efficiency gains from their solutions, looking forward to comprehensive servicing capabilities by 2026.
In the mortgage industry, the forces of inertia are quite strong, and so it took a while to find the right partner...people typically don't like to go first.
We think there are a lot of lenders who struggle with the challenges of interim servicing. It's a very manual process for many originators because most loan origination systems really don't address it.
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