SOURCE: Optimal Blue LLC

Leading Mortgage Enterprise Lending Services

October 11, 2016 12:46 ET

Optimal Blue and Roostify Partner to Provide Seamless Online Experience for Borrowers

Lenders Benefit From Shorter Closing Times, Higher Loan Volume, Higher Quality Loans and Increased Customer Satisfaction

PLANO, TX--(Marketwired - October 11, 2016) - Optimal Blue, architect of the industry-leading enterprise product and pricing engine, announced entry into a technology partnership with San Francisco, CA.-based Roostify, a leading digital mortgage platform provider. Optimal Blue's robust enterprise mortgage pricing service, backed by an unbeatable 99.999+% accuracy rate, is now accessible to banks and mortgage originators nationwide that utilize Roostify's innovative technology to deliver a streamlined home lending experience to their borrowers and partners. This strategic alliance of two technology experts will further accelerate and demystify the home loan and closing experience.

Roostify enables loan officers and borrowers to seamlessly share and track critical information in the mortgage application and closing process through a secure interface that significantly improves client responsiveness and reduces cycles for loan officers. The combination of Optimal Blue's expertise in pricing, along with the transparency and step-by-step guidance in Roostify's loan application and closing processes, provides increased efficiency and profitability through accurate and precise tools.

"Our goal is always to enable lenders to offer the best possible loan application experience to consumers, and we're excited to further that goal through partnering with an industry leader like Optimal Blue," explained CEO of Roostify, Rajesh Bhat. "The integration with Optimal Blue is a win for our joint customers, who will be able to close loans faster and more seamlessly. It's also a win for their customers, who will benefit from a more transparent, streamlined application process and realize a far less stressful home-buying experience."

"Lenders have an insatiable appetite for innovative, market-leading solutions that drive ease, transparency and efficiency to the mortgage process," said Mark Coupland, Vice President of Business Development at Optimal Blue. "We're extremely excited to see Roostify connecting with the Optimal Blue platform in such a way that the tools driving pricing and product decisions, as well as workflow, will be interwoven into a unique experience within Roostify that provides tangible value for both the lender and consumer."

The Roostify platform -- accessible from anywhere, including mobile devices -- provides shorter loan processing times by allowing lenders to eliminate manual application origination tasks, documentation, and status communication, reducing the time required to close a loan. In addition, applicants can pull data into the application directly from their financial institutions, circumventing mistakes that can delay or derail a loan decision.

Gellert Dornay, President and CEO of Axia Home Loans explained, "Roostify is a key component in giving our clients the ability to quickly and confidentially submit financial information to begin the process of an entirely new mortgage experience, while Optimal Blue's automation tools significantly increase our efficiency and profitability. The integration of these services will further streamline and improve our clients' mortgage experience, addressing increasing customer demand for greater transparency, confidentiality and ability to expedite! This all fits perfectly into Axia Home Loans' strategy to improve the process for our clients to make educated decisions around sustainable homeownership."

About Roostify
Founded by three technologists frustrated with their home buying experiences, Roostify enables a more efficient, transparent mortgage process for lenders, agents and homebuyers. Roostify's software platform is trusted by prominent banks and mortgage brokers nationwide to deliver more loan volume, faster closes and happier customers. Roostify is backed by private investors, and headquartered in San Francisco. For more information, please visit www.roostify.com.

About Optimal Blue
Optimal Blue provides the mortgage industry's leading enterprise product and pricing engine, sophisticated secondary marketing workflow tools, a real-time hedging platform, and data analytics -- solutions that help lenders maximize efficiency and profitability while reducing risk. The company designs and operates the largest SaaS-based network for investors and lenders, and surrounds this network with solutions for best execution, loan quoting to 99.999+% accuracy, pricing distribution, profitability and compensation administration, pipeline risk management, and competitive analysis. Based in Plano, Texas, Optimal Blue technology connects hundreds of investors with more than 1,500 financial institutions and currently prices nearly 1 of every 4 mortgage loans originated nationally.

For more information, please visit www.optimalblue.com.

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