As a borrower who is in the middle of a 3-month process of closing on a house, the phrase faster closings speaks to me. Chase Bank must have had a similar realization when it inked a deal with Roostify today.
San Francisco-based Roostify is a SaaS-based, self-service mortgage application platform that places borrowers in control of their loan process, enabling them to track their application all the way through until close. Mike Weinbach, CEO of Chase Mortgage said that leveraging Roostify will allow the bank “to be where more of our customers are, which is online and on their phones, while still offering the option to work with us in person if they prefer.”
Aside from mobile and web accessibility, the Roostify integration connects borrowers, loan officers, and real estate agents. Combining this line of direct communication with eSign capabilities speeds up the documentation and paperwork process. This sounds like a dream compared to the process I’ve been through so far– I’ve hauled a 1980’s-era file full of documents to the bank branch three times during my mortgage application process.
Roostify presented at FinovateSpring 2016 where the company’s Nathaniel Sokoll-Ward, Head of Product, and Jonathan Kirst, CTO, showed off integrations with TurboTax, Equifax, as well as account aggregation capabilities for asset verification. Founded in 2012, the company debuted a number of new integrations last year, including one with Optimal Blue for mortgage pricing, PCLender for loan origination, and DocMagic for automated mortgage documentation.
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