CoreLogic, a provider of property data and analytics for the mortgage industry, recently acquired the digital mortgage platform Roostify, confirming what had been speculated for months. Roostify, a privately held company founded in 2013, is best known for its digital mortgage technology. The Silicon Valley-based company offers mortgage lenders digital capabilities adapted to the latest borrower preferences, driving faster and smoother experiences. The acquisition marks an important strategic move for CoreLogic which has been transitioning from an operational service provider to a technology-driven solutions provider.
The acquisition is expected to enhance the servicers’ experience while driving cost efficiency, improved quality and automated processes. Roostify’s cloud-based platform accelerates the mortgage process by streamlining the home buying and mortgage origination process. This includes the provision of intelligent forms to lenders and integration support to hundreds of back-end systems and databases. Moreover, the platform offers integrated eSignature, electronic verification of assets, employment and income and electronic closing solutions.
For CoreLogic, the acquisition of Roostify is a game-changer, allowing the organization to expand their offering in the fast-growing digital mortgage technology sector and improve their customer experience. It also allows them to better meet the growing demand for enhanced digital mortgage solutions. This, in turn, has the potential to generate significant financial upside for the company and create long-term value for their shareholders.
The move is one of the clearest signals yet that technology is transforming how the mortgage industry does business. By implementing digital solutions, lenders can now offer a faster and more efficient experience to their customers. For CoreLogic, the acquisition of Roostify marks an important strategic move, allowing them to offer enhanced digital mortgage solutions to their customers and better meet the growing demand for these solutions.
You can read this full article at: https://www.housingwire.com/articles/corelogic-acquires-digital-mortgage-platform-roostify/(subscription required)
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