Colonial Partners With Roostify
Colonial National Mortgage, a division of Colonial Savings F.A, is now offering Roostify’s digital mortgage platform to its customers. Colonial customers will now be able to complete a mortgage application in as little as 10 minutes, to later provide all documentation through a secure online portal. They will then get real-time updates on the status of their application, with the option to loop in third parties such as their real estate agent.
“Our goal with Roostify is to provide a superior loan process that offers benefit to both our customers and our loan officers. Roostify allows us to deploy a single platform for our retail mortgage channels – and in time, our credit union division — further streamlining our internal processes and ensuring a uniformly excellent customer experience.” – President of Colonial and 2018 Chairman of the Mortgage Bankers Association, David Motley.
“The new Colonial online experience offers homebuyers a dramatically improved mortgage transaction experience, with greater transparency and lower anxiety for the consumer. We’re excited to be working with Colonial to offer consumers a smooth path through the biggest transaction of their lives.” – CEO of Roostify, Rajesh Bhat.
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Under this partnership, Roostify will integrate Google Cloud’s new Lending DocAI solution into its digital lending platform, leveraging capabilities in AI and ML to decrease the time it takes to process documents, increase accuracy, and reduce costs, helping lenders provide their clients with a better experience.