Roostify Partners With ICE Mortgage Technology eClose To Deliver Better Digital Closing Experience
Roostify has partnered with ICE Mortgage Technology, part of Intercontinental Exchange, Inc. (NYSE: ICE), a provider of data, technology and market infrastructure, to deliver a hybrid e-close experience within the Roostify platform for its Encompass users.
Roostify is partnering with ICE Mortgage Technology to deliver a comprehensive digital closing solution, which will enhance Roostify’s bi-directional integration with Encompass. ICE Mortgage Technology’s eClose solution will be integrated into Roostify’s digital home lending platform, enabling a seamless system-to-system delivery of preliminary and closing disclosures for e-sign in real time.
“Our eClose solution is unlike any other offering available, in that we provide equal value for the borrower and the lender,” said Parvesh Sahi, Senior Vice President of Business and Client Development at ICE Mortgage Technology. “By teaming up with Roostify and its efficient bi-directional portal, we’re providing a much better, simpler experience for borrowers, while also enabling huge efficiencies for lenders through our single workflow in Encompass. We are making it easy for lenders to adopt automation and start gaining the competitive advantages that come with 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 signs into their lender’s instance of the Roostify portal, they can easily review and sign the required documentation directly from the platform – no additional logins, passwords, or platforms required.
“This alliance furthers the mission of both Roostify and ICE Mortgage Technology by delivering a simple home lending experience that fits every client perfectly,” says Roostify Co-Founder and CEO Rajesh Bhat. “Roostify’s goal is to support and create a simpler home lending experience that’s both smooth and transparent for lenders and borrowers, and our e-close integration with ICE Mortgage Technology helps us further that mission.”
The partnership will empower lenders to provide the best lending experience to the borrower, through a faster, more efficient, and more precise service – something of which investors, servicers and other parties will experience the downstream benefits as the industry increases adoption of eClosing. With the Roostify and Encompass eClose integration, lenders will significantly increase operational efficiency and accelerate time to close throughout the process in Encompass, resulting in better borrower experience and satisfaction.
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