Roostify Closes Series A Funding To Accelerate Mortgage Application Process

Roostify, a San Francisco-based automated mortgage transaction technology provider, says it has closed a round of Series A financing led by a subsidiary of USAA, a financial services provider to the U.S. military and their families. The round also included investments from two Tier 1 banks and Colchis Capital.

Roostify says it enables all parties to have access to a secure dashboard, resulting in 100% transparency and cost savings throughout the process. In short, lenders can approve more loans in less time, and buyers can gain more control over the application process.

‘Our solution brings a user friendliness to the process that benefits lenders and applicants by streamlining the process, cutting the time to close loans and lessen[ing] errors in the applications,’ says Rajesh Bhat, CEO of Roostify. ‘This round of funding allows us to expand our technology and add more lenders and other stakeholders to the platform.’

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