Property analytics firm CoreLogic acquires mortgage tech platform Roostify
Property information, analytics and services provider CoreLogic has acquired digital mortgage tech platform Roostify, for an undisclosed sum.
The acquisition will see CoreLogic integrate Roostify’s platform with its own data, analytics and workflow solutions, allowing users to glean “critical” information on borrowers and properties at the outset of the mortgage process.
CoreLogic president of mortgage solutions Jay Kingsley says: “We sit on an incredible amount of data, analytics and essential workflow solutions that when properly integrated to the loan lifecycle, can deliver a better mortgage experience for borrowers as well as lenders.”
CoreLogic says limitations on when and how lenders receive data about property and borrowers mean errors and loan conditions often aren’t exposed until processing and underwriting.
The firm has the data and workflow platforms to unearth this critical information about the borrower and collateral “much sooner”, at the point of sale.
This means errors can be identified straight away, CoreLogic says, resulting in improved customer experience, reduced processing and underwriting costs and the ability to apply the appropriate processing and underwriting resources to each loan.
Roostify CEO Rajesh Bhat explains: “Bringing together the power of CoreLogic’s data and analytics suite with the Roostify digital lending platform allows us to accelerate the journey towards a truly data driven digital origination experience in one single platform.”