Liquid Logic's Bullseye to Integrate With Roostify – NMP Skip to main content

Liquid Logic's Bullseye to Integrate With Roostify

NationalMortgageProfessional.com
Feb 06, 2014

Roostify has announced plans to partner with Liquid Logics in order to tightly integrate its own product with Bullseye, a loan origination and portfolio management system offered by Liquid Logics. Liquid Logics currently white labels Bullseye to a number of leading national mortgage banks. The integration of Roostify and Bullseye will enable these and other Liquid Logics customers to provide a smoother and quicker transaction experience for end-users through Roostify’s platform, which processes borrower application and qualification data, passes necessary information to loan officers, and automates closing activities between borrowers, lenders, and realtors. Developed by technology, real estate, and mortgage banking experts, Roostify’s secure interface allows borrowers to easily apply for a mortgage and lets all parties involved to share and track information, documents, and transactions seamlessly—leading to a faster, smoother mortgage closing. Roostify’s growth is strengthened by an initial round of seed funding, led by mortgage bank American Capital Corporation and including several angel investors. Roostify provides step-by-step guidance in the home and loan closing process, including loan application completion, qualification document submission, and tracking of the loan closing. Borrowers will always know where they stand in the process and what comes next, eliminating potential roadblocks along the way. Lenders get to settlement faster, and receive far fewer unnecessary phone calls and emails. Real estate agents get the benefit of a smoother, quicker process that streamlines the transaction, eliminates time and increases potential referrals from satisfied clients. “With home buyers more likely than ever to shop for mortgages online and fill out their applications electronically, lenders need a system—like Roostify—that can collect and process all of the information from various sources and then seamlessly pass the information back to them—all the while providing a positive experience to the consumer,” said Roostify CEO Rajesh Bhat. “With many large lenders already using Bullseye to manage their analysis and approvals, it makes a great deal of sense for an integration between Roostify to collect and organize the data and Bullseye to help lenders use the data to approve loans while improving the experience for their customers and partners. In the end, lenders will benefit from increased efficiency while consumers will benefit from the ability to track progress in all stages of the transaction, from application to closing, as well as the resulting level of transparency.” “Bullseye’s joint integration with Roostify will combine both organizations’ strengths and provide a rare and cost-effective opportunity to simplify the mortgage origination complex process, untangle it for the borrower to understand, and allow the mortgage bankers to transact efficiently with real cost savings in origination and speed of closing,” said Liquid Logics CEO Sam Kaddah.
Published
Feb 06, 2014
More from
Tech
FirstClose Receives $35M Investment From Lateral

Fintech says it will use the investment to expand its growing financial services footprint.

Industry News
May 18, 2022
Zillow Group Bids Fond Farewell To iBuying

Reports solid 1Q 2022 earnings in part from selling off all but 100 homes left from Zillow Offers unit.

Industry News
May 05, 2022
Offerpad Earnings Continue To Set Records

Digital home buyer and seller reported revenue soared 384% in 1Q 2022 as it sold a record number of houses.

Industry News
May 04, 2022
Xactus Appoints New Chief Financial Officer

Paul Ryan has over two decades of experience in financial roles

Tech
Apr 20, 2022
Sun West Introduces The Processor

Company says computer program can cut loan processing time to less than an hour.

Tech
Apr 05, 2022
MoCaFi, FinLocker, TransUnion partner to bridge homeownership gap

The three companies are hoping to help Black households improve their credit eligibility

Industry News
Apr 05, 2022