Company leader chosen as individual who is moving the mortgage industry forward
San Francisco, Calif. (December 11, 2015) – Roostify (www.roostify.com), a provider of automated mortgage transaction technology, announced today that its CEO and Founder, Rajesh Bhat, has been selected for a HousingWire 2015 Vanguard Award, an honor bestowed to individuals who showcase leadership in their field. This program, which debuted in 2015, recognized 27 leaders that are chosen by HousingWire editorial staff based on tangible leadership within their companies and the industry at large.
“The HW Vanguard Award winners are some of the most powerful and influential leaders in our industry. They represent the cutting edge of management and strategy in the mortgage finance field, and the kind of leadership the housing industry needs to continue to drive the American economy forward,” said Jacob Gaffney, HousingWire editor-in-chief.
“It is an honor to be recognized by HousingWire in this manner – I am delighted and proud of the accomplishments of the Roostify team to date – what started as a frustrating experience buying a home has become an opportunity to change the way mortgages are completed,” said Rajesh Bhat, CEO of Roostify. “We aim to further lessen the complications associated with the mortgage application process, in turn giving home buyers an easy and efficient process.”
Roostify is a web and mobile service that makes the home-buying experience easier and quicker by simplifying the loan application and digitizing the application-to-closing process. Consumers can submit a full loan package in minutes and loan officers can conduct closing activities with their client, all electronically and in one place.
Roostify’s business model is attracting attention from leading banks and mortgage lenders, and also investors. The company recently closed its Series A funding, which included investments from USAA and Wells Fargo, and was also inducted into the Wells Fargo Accelerator program. Roostify’s partners include Fannie Mae, Ellie Mae and Yodlee.
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.
HousingWire is by far the nation's most influential source of news and information for U.S. mortgage markets, boasting a readership that spans lending, servicing, investments and real estate market participants as well as financial market professionals.
Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B-to-B Banking/Business/Finance, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors and Trade Association Business Publications International.