Integration aims to streamline the loan process and improve customer experience
CoreLogic has announced its acquisition of digital mortgage technology provider Roostify.
The deal will see CoreLogic integrate Roostify’s platform into its data and analytics offering. This will enable lender clients to gain critical information about borrowers and properties at the beginning of the loan process.
“Due to limitations on when and how lenders receive data about property and borrowers, errors and loan conditions aren’t exposed until much later in the process, during processing and underwriting,” CoreLogic said in a statement. “CoreLogic has the data assets and workflow platforms to expose critical information about the borrower and collateral much sooner, at the point of sale.
“Errors and conditions can be identified immediately, resulting in improved customer experience, limited processing and underwriting costs, and the ability to apply the appropriate processing and underwriting resources to each loan.”
“We believe this is an important transaction for the industry,” said Roostify CEO Rajesh Bhat. “From inception, Roostify’s mission has been to accelerate and streamline the home lending journey. 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.”
Jay Kingsley, president of mortgage solutions at CoreLogic, added that the Roostify acquisition would unlock the company’s ability to quickly execute its mission to drive innovation throughout the mortgage manufacturing process.
“We sit on an incredible amount of data, analytics and essential workflow solutions that, when properly integrated into the loan lifecycle, can deliver a better mortgage experience for borrowers as well as lenders,” he said.
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