FinTech: CoreLogic Acquires Digital Mortgage Platform Roostify
The transaction is expected to save clients time and money.
CoreLogic (NYSE: CLGX), a property information and analytics provider, has acquired digital mortgage platform Roostify for an undisclosed amount. The integration of Roostify’s digital lending platform with CoreLogic’s data and analytics suite will allow lenders to access important data on borrowers and properties early in the lending process, resulting in a faster and more efficient customer experience with lower underwriting expenses.
Roostify currently processes over $50 billion in loans every month and offers a 45% decrease in time to close for a customer within 90 days of go-live. (Businesswire)
“From inception, Roostify’s mission has been to accelerate and streamline the home lending journey,” said Roostify co-founder and CEO Rajesh Bhat. “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.”
“We sit on an incredible amount of data, analytics, and essential workflow solutions that when properly integrated to the loan lifecycle, can deliver a better mortgage experience for borrowers as well as lenders,” CoreLogic President of Mortgage Solutions Jay Kingsley said.
The acquisition will enable CoreLogic to quickly execute its mission to deliver a better mortgage experience for borrowers and lenders.
Related Story: Mambu’s Technology To Drive Commonwealth Bank’s New Digital Mortgage
Latest Alternative Investment News
Digital Assets: Ledger, Maker Of Crypto Security Hardware, Raises Nearly All Of $100M Series C Round
Paris-based startup Ledger, which makes hardware wallets for cryptocurrency investors, has raised €100m ($109m) in funding, valuing the company at €1.3bn. The round was led by investors including Digital Finance…
FinTech: Cogo And Eliq Partner To Help Banking Customers Enhance The Energy Efficiency Of Their Homes
Cogo, a fintech which collaborates with banks to assist customers in decreasing their carbon footprint as a carbon footprint management firm, is partnering with Eliq, a company that specializes in…
Venture Capital: The LSP Dementia Fund Closes €260M (US$283M) To Address Dementia, One Of The Most Significant Health Crises Of Our Era
The LSP Dementia Fund has reached a final close at €260 million (US$ 283 million), surpassing its initial target of €100 million. The fund, which is managed by EQT Life…
Artificial Intelligence: The DAGGER AI Model Gives Advance Warning Of Dangerous Solar Storms
Researchers have developed an AI-based model that combines satellite data and machine learning to predict where an impending solar storm will strike on Earth, offering 30 minutes of advance warning….