DENVER -- (BUSINESS WIRE) -- Blueberry Systems, LLC, a provider of advanced technology solutions to the mortgage and financial services industries, announced the introduction of RELAY 3.0 – a major new product release designed to help mortgage lenders prepare for future compliance requirements and thrive in the changing origination landscape.
The new enterprise version of its flagship loan origination system was made available to clients beginning the week of April 7th. Key tenets of the new version include improved compliance validity, adaptation of social media principles to foster workflow, and preparation for larger scale cloud computing offerings.
Referring to the forthcoming changes to RESPA scheduled for implementation by the industry in August 2015, Wil Armstrong, President and CEO of Blueberry, said, “It’s hard for me to believe another big change is just around the corner. It was important to all of us at Blueberry to set the stage for another successful adoption of the next phase of industry compliance.”
RELAY 3.0 signifies the completion of its rich compliance offering. The product includes new and re-certified services across its vendor platform and continues the company’s tradition of NOT adding a surcharge or toll to use this functionality.
“We’re creating a cost-effective approach for our customers to access the services and data they need to operate efficiently. We don’t add extra expense on the backs of our customers or their borrowers,” Armstrong said.
Many of the new features in RELAY 3.0 have their roots in social media. Blueberry went to great lengths to create the type of user experience that made sense and one that users didn’t need to spend weeks learning how to use. The company believes this helps speed up adoption and implementation.
“We believe our approach to simplify the user’s experience with concepts like our Heads-Up Display, customizable Dashboard Widgets, Events and Key Dates, or Messaging makes it easier for a user to know what’s next in their workflow. Our team developed a more intuitive and pervasive approach to an enterprise application,” Armstrong added.
Blueberry has built out the foundation and framework in RELAY 3.0 for next generation applications that include portals and business intelligence dashboards for multiple loan constituencies. These include customizable modules for executives, loan originators, borrowers, real estate agents, title companies, wholesale brokers, and correspondent lenders.
In addition, the underlying changes to its architecture – led by new CTO Darren Shaffer – have improved performance and scalability of the application, created a new level of extensibility through enterprise interoperability services (service-oriented architecture), and set the stage for larger scale cloud computing offerings.
Armstrong went on to say, “having the right architecture and infrastructure in place allows our customers to integrate with the right vendors, communicate with the right parties in the loan process, scale and grow, and most of all manufacture compliant loans.
“Innovation still matters because real estate finance isn’t standing still.”
About Blueberry Systems
Based in Greenwood Village, Colorado, Blueberry Systems, LLC provides software solutions, services and consulting to the financial services industry. RELAY™, the company’s flagship technology, is a highly flexible, fully customizable loan production platform that enables lenders to seamlessly and easily integrate disparate technology solutions. For more information on Blueberry Systems, please visit www.BlueberrySystems.com, call 877-770-0220, or follow them on Twitter @BlueSysCO or LinkedIn.