Roostify, a provider of automated mortgage transaction technology, today announced that it has signed an agreement with Black Knight, Inc. (NYSE:BKI) to integrate its platform with Black Knight’s LoanSphere Empower loan origination system (LOS).
The integration will enable Empower users to add further efficiency and transparency to the loan origination process – from application to closing.
“As consumers increasingly demand an online, self-serve loan process, lenders are seeking to meet that demand as efficiently as possible,” says Rich Gagliano, president of Black Knight’s Origination Software division. “Integrating with the Roostify platform offers our clients a solution to deliver a seamless mortgage experience within existing Empower-based workflows.”
Roostify’s platform benefits both consumers and lenders by enabling a faster transaction, with greater visibility for all parties involved. Besides an intuitive application, consumers can upload and review documents, correspond with their loan officer and real estate agent, and gain complete transparency into the loan process from beginning to end. Without the back and forth that often occurs with collecting documents and signatures, or coordinating efforts between loan participants, loan officers are able to close more loans in a shorter period of time. With the new integration, lenders using Empower as their LOS will be able to seamlessly transfer information between the two systems, further streamlining workflows.
“Black Knight aligns with our mission to deliver a world-class mortgage experience for our mutual clients,” said Rajesh Bhat, CEO and Co-Founder, Roostify. “The Roostify platform makes the whole process more efficient and provides a better experience for everyone involved. Today’s consumer requires a faster-paced, digital experience, and lenders are ready to give them the advanced technology to accomplish that.”