Roostify Engages Factual Data To Provide Access To Consumer Credit

Roostify has a new relationship with Factual Data as part of an expansion that will allow loan officers to run borrower credit and view findings within the Roostify platform. Loan officers will now be able to make credit and product decisions earlier in the loan lifecycle, even from a mobile device, so the loan process can continue without costly delays associated with switching between multiple software systems.

Credit integration is a key piece of Roostify’s platform capabilities. Credit integration allows loan officers to secure loan products for their clients with accurate, real-time decisioning. A loan officer’s ability to access detailed information from the credit report without needing to be on their desktop computer creates more flexibility and timely customer service to borrowers, in addition to helping borrowers make informed decisions about their loan pipeline. Ease and transparency in verifying borrower eligibility reduce cycle times, lowers origination costs, and increases customer satisfaction.

Simple administrator configuration options allow lenders to choose between credit inquiry types for single-bureau, joint, or tri-merge reports, which extends lenders’ ability to adapt the credit service to their unique business needs.

“Roostify and Factual Data have collaborated to create a seamless integration between technology and critical borrower credit data that is highly valuable in today’s lending climate,” said Factual Data President Jay Giesen. “Now more than ever, a practical digital experience is making an important difference for mortgage lenders.”

“Understanding a borrower’s credit history is an important step in the mortgage lending process,” said Travis Kniffen, Director of Platform Partnerships at Roostify. “By leveraging industry leader Factual Data for real-time insight within the Roostify platform, lenders can make informed decisions at the time of application and reduce time-to-close cycles.”