CoreLogic, a property information, analytics and data-enabled solutions provider, has acquired digital mortgage technology provider Roostify.
By integrating Roostify’s platform with CoreLogic’s data, analytics and workflow solutions, clients will gain critical information about borrowers and properties at the beginning of the loan process, saving both time and money.
Due to limitations on when and how lenders receive data about property and borrowers, errors and loan conditions aren’t exposed until much later in the process, during processing and underwriting. CoreLogic has the data assets and workflow platforms to expose critical information about the borrower and collateral much sooner, at the point of sale, the company says. Errors and conditions can be identified immediately, resulting in improved customer experience, limited processing and underwriting costs, and the ability to apply the appropriate processing and underwriting resources to each loan.
“From inception, Roostify’s mission has been to accelerate and streamline the home lending journey. Bringing together the power of CoreLogic’s data and analytics suite with the Roostify digital lending platform allows us to accelerate the journey towards a truly data-driven digital origination experience in one single platform,” says Rajesh Bhat, Roostify’s co-founder and CEO.
“We sit on an incredible amount of data, analytics and essential workflow solutions that, when properly integrated into the loan lifecycle, can deliver a better mortgage experience for borrowers as well as lenders,” adds Jay Kingsley, president, mortgage solutions, at CoreLogic. “The Roostify acquisition will unlock our ability to quickly execute on this mission.”
