Roostify says it has integrated with DocMagic, an electronic document management solution that enables lenders to generate mortgage disclosures for their borrowers and allows borrowers to review and e-sign disclosure packages within a secure digital environment.
Once an application package is created by DocMagic, Roostify creates a task for the borrower with those disclosures and notifies them. The borrower signs into their loan portal and can review and sign the required documentation directly from the Roostify platform – no additional logins, passwords or platforms needed. This hybrid e-close solution allows lenders to expedite the closing process, minimizing the in-person signing touch points and requirements.
“Our partnership with DocMagic is an important step in further driving adoption of digital closing capabilities among current clients,” says Roostify co-founder and CEO Rajesh Bhat. “Although we can finally see a reality where social distancing may no longer be a health requirement, digital closings and digital experiences are here to stay.”
Roostify’s integration with DocMagic is the second integration of the company’s upcoming digital closing projects – the first integration being with Encompass. In the subsequent months, Roostify says it will expand its digital closing service through new features and enhancements.