Roostify

Roostify, developed by CoreLogic, is a digital mortgage platform that streamlines and simplifies the home loan process for lenders, borrowers, and real estate professionals. This platform caters to a wide range of businesses, including small to large mortgage lenders, banks, credit unions, and financial institutions. Professionals in the mortgage lending industry can benefit from Roostify's user-friendly interface and comprehensive features.

Key Features

User-friendly interface: Roostify offers a clear and intuitive layout, enabling borrowers, lenders, and real estate professionals to navigate and complete tasks efficiently. The platform consolidates all necessary information and tools, minimizing errors and reducing the need for manual data entry.

Automated document collection: Roostify automates the collection of required mortgage application documents. Borrowers can securely upload and submit financial documents directly through the platform, while lenders can set document requirements and receive notifications for efficient document review.

Loan status tracking: Roostify allows real-time tracking of loan application status for borrowers, lenders, and real estate professionals. Users can monitor the progress of their applications, including document submissions, underwriting, and closing stages, reducing the need for constant communication.

Collaboration and communication: Roostify facilitates secure collaboration and communication among borrowers, lenders, and real estate professionals. Users can exchange messages, share documents, and request additional information within the platform, ensuring effective communication throughout the mortgage process.

Integration with third-party systems: Roostify seamlessly integrates with credit bureaus, income verification services, and loan origination systems. This integration enables efficient data transfer, reduces manual data entry, and enhances accuracy.

Loan product customization: Roostify offers lenders the flexibility to customize loan products according to their specific requirements. Lenders can define loan programs, including eligibility criteria, interest rates, and fees, tailoring their offerings to meet the needs of borrowers.

Mobile accessibility: Roostify is accessible on mobile devices, allowing borrowers to manage their mortgage applications on the go. With mobile compatibility, borrowers can complete tasks, upload documents, and communicate with lenders conveniently using smartphones or tablets.

Data security and compliance: Roostify prioritizes data security and complies with industry regulations. The platform utilizes robust security measures to protect sensitive borrower information, ensuring the secure and confidential handling of personal and financial data.

Workflow automation: Roostify automates various workflow processes, including document verification, underwriting, and loan closing. By leveraging predefined rules and workflows, the platform reduces manual effort, improves efficiency, and delivers a faster and streamlined mortgage experience.

Reporting and analytics: Roostify provides reporting and analytics capabilities, enabling lenders to gain insights into their mortgage operations. Users can generate reports on application volumes, cycle times, conversion rates, and other key metrics, empowering lenders to optimize processes and make data-driven decisions for improved mortgage lending performance.