“Roostify Beyond” Integrates Automated Document Processing into Home Loan Point of Sale to Create Faster, More Transparent Loan Process
SAN FRANCISCO, December 15, 2021 / PRNewswire / – Roostify, a leading provider of mortgage technology, has launched Roostify Beyond, the latest advancement in its Roostify Document Intelligence (RDI) Service, to create the greatest possible efficiency for lenders.
Powered by AI technology and delivered through an API, the Document Intelligence service provides document management and process automation capabilities that are easily configurable and can be integrated into any part of the mortgage process. Roostify used the Document Intelligence Service API on its own lending platform to create a more enhanced and premium offering: Roostify Beyond.
Roostify Beyond integrates RDI at the start of the home loan process. Its document classification feature provides applicants with instant feedback when they upload incorrect or unreadable documents without having to engage the loan team for manual intervention.
Through document data validation, Roostify Beyond not only verifies that the correct document was submitted, but also that all data fields meet the requirements of a given task. This dramatically minimizes the time spent on manual âlook and compareâ and eliminates the possibility of human error. Finally, Roostify Beyond’s data mining capabilities allow lenders to leverage document data to highlight data discrepancies, automatically create jobs, and publish document classification and validated information downstream from the LOS.
âRoostify Beyond reinforces our commitment to mortgage technology innovation. When we launched RDI a few months ago, we were excited to use the data to propel the industry forward. We are equally excited to leverage of RDI on our own platform to drive the highest amount of efficiency by finding and correcting errors in the application process as early as possible â, states Rajesh bhat, CEO and Co-Founder, Roostify. âData allows lenders to spend less time in systems and more time with clients, and we’re really happy to provide our clients with that experience. “
Mortgage Solutions Financial (MSF) is the first client of Roostify’s Beyond Early Adopter program to implement Roostify Beyond in their organization with the goal of making the mortgage process as easy and painless as possible for their clients. MSF’s mission is to serve all borrowers, including those who are underserved and otherwise neglected because their credit or overall profile is not perfect. By streamlining their mortgage process through data automation and artificial intelligence, MSF is able to strengthen its commitment to professionalism, expertise and customer service excellence and deliver positive and more accessible experiences. to underserved communities when they buy a home.
âTechnology can be both your best friend and your worst enemy. We use technology to make the process more efficient, because when you are dealing with more difficult loans, the process is already very manual. Because the most difficult cases require a lot of work, experienced underwriters and processors are essential for the success of the transaction â, states Rob clennan, President, Financial Mortgage Solutions. âWe are not deploying technology to downsize. Rather, we are using technology, especially Beyond, to create a more efficient workflow and reduce touchpoints. keep our highest paid resource focused on their primary purpose, which is to serve our borrowers! “
With Roostify Beyond, tasks that traditionally required multiple manual reviews, causing significant delays in the process, can be completed in real time. As a result, borrowers have a better experience along the loan journey, and mortgage experts have more time to nurture meaningful relationships with homebuyers. Data and automation improve the human experience, creating a simple and streamlined mortgage loan journey for lenders and borrowers.
Situated at San Francisco, Roostify was founded in 2012 to modernize and simplify the inefficient, manual mortgage process and create a more enjoyable experience for both client and lender. Today, Roostify helps lenders process more than $ 50 billion in loans every month, from large corporate banks to successful independent brokerage houses. 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 Financial Mortgage Solutions
Mortgage Solutions Colorado, LLC, dba Mortgage Solutions Financial and Mortgage Solutions Financial Agriculture, was established in 1995. It is a full-service wholesale and direct mortgage lender headquartered in Colorado springs. Mortgage Solutions Financial offers a full suite of services that help families across the country buy new homes, refinance existing mortgages, and lower monthly payments by providing loan products that are right for them.
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