Roostify partners with ICE Mortgage Technology eClose to deliver a better digital close experience
Roostify partners with ICE Mortgage Technology to provide a complete digital fence solution, which will enhance Roostify’s two-way integration with Encompass. ICE Mortgage Technology’s eClose solution will be integrated with Roostify’s digital home loan platform, enabling seamless system-to-system delivery of preliminary and closing disclosures for real-time e-signature.
“Our eClose solution is unlike any other offering available, in that we provide equal value for both borrower and lender,” said Parvesh Sahi, Senior Vice President of Business and Client Development at ICE Mortgage Technology. “By partnering with Roostify and its efficient two-way portal, we’re delivering a much better and simpler experience for borrowers, while also enabling huge efficiencies for lenders through our unique workflow in Encompass. We let’s make it easier for lenders to adopt automation and start realizing the competitive advantages of our eClose solution.”
When the closing package is created in the Encompass loan origination system during the closing process, Roostify’s system will be notified, authenticate the task and send the requirements to the borrower. When the borrower logs into their lender’s instance on the Roostify portal, they can easily view and sign the required documentation directly from the platform – no additional login, password or platform required.
“This alliance furthers the mission of Roostify and ICE Mortgage Technology in delivering a simple mortgage lending experience that’s right for every customer,” said Roostify Co-Founder and CEO. Rajesh Bhat. “Roostify’s goal is to support and create a simpler, smoother, and more seamless home loan experience for lenders and borrowers, and our e-closing integration with ICE Mortgage Technology helps us further that mission. “
The partnership will enable lenders to provide the best lending experience to the borrower, through faster, more efficient and more accurate service – the downstream benefits of which will accrue to investors, managers and other parties as the industry is increasing the adoption of eClosing. With the Roostify and Encompass eClose integration, lenders will dramatically increase operational efficiency and accelerate closing time throughout the process in Encompass, resulting in a better borrower experience and satisfaction.
Situated at San Francisco, Roostify was founded in 2012 to modernize and simplify the manual and inefficient mortgage process and create a more enjoyable customer and lender experience. Today, Roostify helps lenders process more than $50 billion in loans each month, from large corporate banks to thriving independent brokerages. We empower lenders to speed up and simplify the lending process to help lenders and clients unlock more of life’s great moments.
For more information, please visit www.roostify.com
About ICE Mortgage Technology
ICE Mortgage Technology combines technology, data and expertise to help automate the mortgage process, from consumer engagement to loan registration, and every step and task in between. ICE Mortgage Technology is the leading provider of cloud-based loan origination platforms for the mortgage industry, with solutions that enable lenders to originate more loans, reduce origination costs and reduce time to close, all ensuring high levels of compliance, quality and efficiency. . Visit icemortgagetechnology.com or call (877) 355-4362 to learn more.
About intercontinental exchange
Intercontinental Exchange, Inc.(NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that provide our clients with access to critical workflow tools that increase transparency and operational efficiency. We operateTradesincluding theNew York Stock Exchangeandclearing housesthat help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income securitiesdata servicesand execution capabilities provide insights, analytics and platforms that help our clients take advantage of opportunities and operate more effectively. ATICE Mortgage Technology, we are transforming and digitizing the residential mortgage process in the United States, from consumer engagement to loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
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