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
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