Roostify Expands Management Team

Iyad Darcazallie named CFO and COO, Scott Stein new VP of Sales

San Francisco, Calif. (December 23, 2015) - Roostify (www.roostify.com), a provider of automated mortgage transaction technology, recently announced it has named Iyad Darcazallie as Chief Financial Officer and Chief Operating Officer and Scott Stein as Vice President of Sales. Roostify, which has experienced significant growth since its launch in 2014, closed a Series A financing round last October and was recently selected for the Wells Fargo Startup Accelerator

Mr. Darcazallie, an advisor since Roostify’s inception, joined Roostify in July from Derceto Inc. (acquired by a Suez Environnement) where he was Senior Vice President and General Manager of the venture-backed, enterprise software company’s North American business unit. Previously he held senior leadership positions in general management, operations, finance, strategy, corporate development, and corporate ventures at EPS Corp., HP, Ernst & Young ‘s Management Consulting & Corporate Finance groups, and Net-Strike Worldwide.

Mr. Stein joins Roostify from Mercury Network, where as Executive Vice President of Sales he was responsible for restructuring and expanding the sales team, resulting in significant revenue growth. Previously, he served as Chief Executive Officer for mortgage software company Xetus, where he tripled annual revenue from 2009 to 2013 for the XetusOne Loan Origination Platform. Mr. Stein has extensive experience in developing business relationships with leading banks, credit unions and strategic technology partners. He previously served in leadership roles at InTouch Corporation, CCC Information Services, Apptera, Virtual Hold Technology, Centerpost, and Optimal Networks Corporation.

“Iyad and Scott are great additions to Roostify, providing new skills and experience that complement our team exceptionally well,” said Rajesh Bhat, CEO of Roostify. “We believe we’ve created a compelling solution for the industry to streamline and simplify the home loan application and closing process. With Iyad and Scott on board, we are positioned to extend that solution to more customers and their clients across the country.”

Roostify simplifies what can be an exhausting process – purchasing a home – and benefits all parties by creating a seamless transaction. Because all stakeholders have access to a secure dashboard, there is 100% transparency, which promotes accountability and drives cost savings throughout the process. Lenders can approve and process more loans in less time and handle more loans simultaneously. Roostify eliminates anxiety for buyers as it gives them more control over the borrowing process. Since its launch in early 2014, Roostify has partnered with Fannie Mae, Yodlee, and others and has processed thousands of mortgage applications through its platform.