Roostify brings borrower and property data to the forefront, revolutionizing the lending experience
Lengthy and confusing. Frustrating for borrowers and lenders alike. Consumed by high costs and delays. This is how many homeowners view today’s mortgage lending workflow.
A significant challenge encountered by individuals seeking to obtain loans is the complexity of the process. In fact, many mortgage applicants begin searching for financing well before exploring potential options for the property they wish to purchase.
Several factors contribute to the inefficiencies in the traditional mortgage lending workflow, including siloed systems that prevent the free flow of information at critical junctures, the use of lower-quality data and outdated technologies, and continued reliance on manual steps, which are prone to high-level human error. The CoreLogic acquisition of Roostify is a step toward acknowledging and addressing these challenges.
The acquisition of Roostify will help CoreLogic accelerate its mission to infuse data and analytics within mortgage ecosystems and workflows to drive an efficient, transparent, and configurable process. Roostify will enable CoreLogic to integrate critical borrower and property data into the mortgage lifecycle at the beginning of the funnel, allowing the mortgage process to flow from origination to underwriting to closing in an entirely new manner. Furthermore, CoreLogic is driving efficiency for mortgage lenders by “shifting left” and repositioning data and workflows closer to the point of application.
Known for its simplicity and intuitive interface, Roostify’s platform will enhance CoreLogic’s existing capabilities and provide a better client experience. The result will be seamless, end-to-end mortgage origination tailored to customers’ specific needs. In addition, many manual and time-consuming processes can be streamlined using Roostify in combination with CoreLogic’s advanced digital workflow and data capabilities. As a result of this automation, clients can save time, reduce costs, and deliver a more consistent and accurate lending process.
Roostify’s platform is built with evolving regulations and business needs in mind, enabling us to tailor solutions to the specific needs of our clients, their customers, and changing regulatory environments. The result is a more personalized service, which is essential in today’s competitive lending environment.
Bringing Roostify into the CoreLogic ecosystem fuels a renewed focus on innovation and integrating data and technology into the home buying and mortgage journey. As CoreLogic accelerates its mission to help people find the right homes, there is a renewed focus on providing a seamless application process, enabling CoreLogic to expand its product offerings while building on its strong foundation.
The future of digital mortgage is promising, and CoreLogic’s acquisition of Roostify demonstrates a commitment to developing new offerings that will change how people think about mortgages and how companies will raise the bar for loan origination workflows.
What does “Shift-Left” mean for you?
Click here for additional information about CoreLogic, the addition of Roostify, and how this will benefit the mortgage industry.
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