Roostify in the News
How many fintechs can boast of having more external developers working on its platform than in-house talent? That’s the happy situation Roostify finds itself in.
Roostify, a provider of automated lending technology, has passed a significant technical and business milestone, with the number of external developers working on the platform through the API now outnumbering the company’s in-house engineers.
If you can manage numerous accounts online without ever having to sit down for a face-to-face conversation with another human, why is the process of getting a mortgage so different?
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Corporate One FCU has partnered with Roostify in an attempt to provide credit unions and credit union service organizations with a streamlined, digital mortgage platform.
Resource Financial Services, an independently owned full-service mortgage company serving the southeast, launched a new online mortgage experience with help from Roostify.
One area that until recently had received little attention was the mortgage application process, but Roostify is changing that, cofounder and CEO Rajesh Bhat said. The average home loan takes more than 40 days to close and can cost banks as much as $8,000 because most of the process is offline, leading to multiple phone calls, meetings, faxes and letters.
Roostify has its roots in the frustrating process of buying a home. CEO and co-founder Rajesh Bhat moved to the Bay Area with his wife and was shocked by the complexity that surrounded the mortgage and lending process
As banks consider how to deliver a mortgage product via mobile devices, they are seeing it as an opportunity to build a whole new experience, rather than just recreating what they already offer online.
Although mortgage lending has been trending toward non-bank lenders as of late, according to Fitch Ratings, that period could be coming to an end. In the long term, the ratings agency reported, it will likely be large banks that have the upper hand.
JPMorgan CEO Jamie Dimon said the bank spent $9.5 billion on technology in 2016 and has plans this year to introduce products for digital banking, online investment advice and electronic trading.
JPMorgan Chase has partnered with fintech firm Roostify to build a digital self-service mortgage platform that will allow consumers to upload and electronically sign mortgage documents.
Chase announced on Thursday it’s launching a digital mortgage platform, allowing customers to track a loan application through closing entirely online or from any mobile device.
JPMorgan Chase announced a new digital mortgage mortgage platform for their customers to apply for and track mortgages online, in collaboration with Roostify.
Want to improve the customer experience? Start by making the employees' tools better.
Improving the employee experience — which is still saddled with many manual processes — is "just as important" as making the user experience better, John Harrell, vice president of product management with USAA, said at SourceMedia's Digital Mortgage Conference on Thursday.
Many lenders have already started the process of going digital. Why? As Roostify CEO Rajesh Bhat put it in a message to HousingWire, “It’s what customers want.”
On Monday, at the Mortgage Bankers Association annual conference in Boston, several panelists spoke on the topic at a session titled Overcoming the Final Hurdles to Digital Mortgage.
To help lenders achieve shorter closing times, higher loan volume, higher-quality loans and increased customer satisfaction, Optimal Blue‘s loan pricing engine is now integrated with Roostify‘s application and loan processing platform.
“When I went through my home purchase experience I was frustrated by how offline, opaque and inefficient that experience was,” recalled Rajesh Bhat, cofounder and CEO of Roostify, a white label solution that allows mortgage originators to create digital experiences for their customers.
As the mortgage industry continues to come online, digital verification is all the rage. Application information pulled directly from the consumer's financial data source promises higher-quality loans, and offers lenders an opportunity to automate time consuming manual aspects of their processing flow.
At first glance, there has never been an easier time to get a loan. Financial institutions and lenders saturate the market with offers of low-cost credit – all promising quick approval.
Genworth Mortgage Insurance is focused on the big picture: getting people in homes and keeping them there. The MI company works with lenders to help buyers responsibly achieve the dream of homeownership by ensuring the broad availability of affordable low down payment loans.
MortgageOrb recently interviewed Stein to learn more about how Roostify’s software is streamlining the mortgage process and helping boost customer satisfaction for mortgage lenders.
For the second year in a row, we are pleased to have been named to the HWTECH 100 from HousingWire magazine, which recognizes the 100 most innovative technology companies serving the U.S. mortgage finance and real estate industries.
Giving real estate agents the opportunity to collaborate with lenders and clients in real time, zipLogix, a software provider for real estate agents, and Roostify, a software provider for lenders, are working to integrate their services.