Technology solution recognized as game changer in the financial technology sector
San Francisco, Calif. (December 30, 2014) - Roostify (www.roostify.com), a provider of automated mortgage transaction technology, today announced that the company has been named a finalist in the annual FSTech Awards in the Most Disruptive Financial Sector Technology category. Now in its 15th year, the FStech Awards recognize excellence and innovation in the field of information technology within the financial services sector. Winners of the awards will be announced in a ceremony in London on March 26th.
“We are thrilled to have been named a finalist and recognized as a company providing a game changing technology to the mortgage industry,” says Rajesh Bhat, CEO of Roostify. “At Roostify, we are aiming to bring mortgage technology up to date with technological advances available in other industries – no more paper applications and weeks of information gathering. Our technology enables lenders to complete the process in a fraction of the time, with greater accuracy.”
The Most Disruptive Financial Sector Technology award will be given to the company whose technology has the potential to disrupt the way the FS sector operates, displacing an earlier technology. By bringing transparency to the home buying process, Roostify seeks to demystify the home loan and closing experience by making it easier and faster for both the borrower and the lender. Its platform facilitates communication between lenders, borrowers, and real estate professionals, enabling them to share and track information necessary for the mortgage and closing process.
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. They leveraged the expertise of real estate and mortgage banking experts to develop this new web and mobile service that benefits agents, lenders and homebuyers. Roostify is headquartered in San Francisco, California, and is backed by private investors.