Roostify, a provider of automated lending technology, has passed a significant technical and business milestone, with the number of external developers working on the platform through the API now outnumbering the company’s in-house engineers.
“This is a very exciting achievement for us as a solution,” says Sandeep Aji, vice president of products for Roostify. “In addition to marking our success in growing the API functionality, this validates the platform philosophy that guides our development. Our clients are finding value in the flexibility and extensibility that Roostify offers versus a static, off-the-shelf software program.”
According to the company, the Roostify API is a set of tools that allows its clients to develop their own actions and workflows to run within the Roostify platform and to integrate with their CIS, CRM, LOS, and Access Control systems. This enables lenders to build customized functions and workflows beyond those offered in the Roostify core product.
Aji explains that those functions have included custom loan application questions or approval tasks; custom interface options, such as single sign-on; and integrations with other programs.
“As an example, some of our clients want to use Roostify with a specific LOS or CRM for which we haven’t yet built an integration. The API allows them to build that integration themselves and create the workflow that’s right for their business, rather than forcing them to adopt a different program in order to use Roostify. Our API helps lenders integrate Roostify seamlessly and without disruption to their IT systems.”
Alongside development of its core platform offering, Roostify plans to continue to expand the capabilities of its API to allow for further customization and process automation by its lender clients.