CoreLogic president goes in-depth on Roostify deal
What does Roostify do?
Kingsley described the significance of the deal: “One is that it’s the power of the combination – combination of the point of sale process that Roostify has – the leading technology that Roostify has, with the leading data and analytics that CoreLogic brings to the table,” he said. “Two, that combination allows us to deliver those insights earlier in the process and shifting less in the manufacturing process of the mortgage. I think the third is that at CoreLogic we’re committed to driving innovation in the mortgage manufacturing process and bringing together the point of sale with the data and analytic content is really what makes this unique.”
At the end of the day, Kingsley said the transaction was made with client in mind: “For CoreLogic, our number one priority is keeping clients… and we think this acquisition of Roostify can really benefit our clients in streamlining the process and making it that much easier to benefit from the rich data and analytic assets that CoreLogic brings.”
Roostify co-founder & CEO, Rajesh Bhat echoed Kingsley’s comments in a prepared statement: “We believe that this is an important transaction for the industry,” he said. “From inception, Roostify’s mission has been to accelerate and streamline the home lending journey. 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.”
Kingsley added: “CoreLogic is committed to driving innovation throughout the mortgage manufacturing process. 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. The Roostify acquisition will unlock our ability to quickly execute on this mission.”