Mortgage Lender Utilizes Roostify to Ease Mortgage Applications, Processing
San Francisco, Calif. (October 8, 2014) - Roostify (www.roostify.com), a provider of automated mortgage transaction technology, today announced that the National Bank of Kansas City (NBKC), a full service mortgage lender, has implemented Roostify to ease the lending application process for its customers. The bank, which process 5,000 loans each year and is one of the leading home mortgage companies on LendingTree and Zillow, utilizes Roostify to help borrowers accelerate and simplify their mortgage experience.
The Roostify platform allows National Bank of Kansas City to:
- Generate customized reports showing the number of applications that have been started and completed, and visibility into progress, providing increased transparency as well as an opportunity to reach out to borrowers regarding their incomplete application.
- Customize the requested documents from loan officers needed from borrowers for each application, alleviating the need for loan officers to request each individual document independently and ultimately saving time and frustration for the borrower and officer alike.
- Integrate data from online sources such as LinkedIn and tax filing forms to assist in application processing, saving valuable time for the borrower and resulting in a higher degree of integrity for NBKC.
“The mortgage application is frustrating and long for prospective borrowers. Since implementing Roostify’s platform, we are able to provide a superior user experience and process loan applications quicker and more efficiently,” says Dan Stevens, VP of Mortgage Finance & Business Strategy for National Bank of Kansas City. “We are already seeing an increased amount of completed applications through our system and our loan officers are pleased with the simplicity it brings to processing those applications.”
Roostify’s platform offers highly secure, bank-level encryption to put its users at ease. Loan applicants are able to complete mortgage applications in half the time it would normally take, and loans are processed in days, rather than weeks. The Roostify platform provides complete visibility into the status of the loan application from start to finish without the need to request updates from a loan officer.
“The reporting capability Roostify provides gives us complete transparency into all of our pending applications and allows loan officers to process more loans, in less time, while also adding accountability to everyone involved in the process,” added Stevens.
Roostify was founded by three technologists frustrated with their individual home buying and re-financing experiences who believed there was a more efficient, open way to complete transactions. Drawing on the expertise of real estate and mortgage banking veterans, Roostify provides a new web and mobile service that benefits borrowers, lenders, and agents. Roostify is headquartered in San Francisco, California, and is backed by private investors.