Leading Property Data & Analytics Company CoreLogic has acquired perchA digital mortgage technology provider.
In a statement on Wednesday, CoreLogic said, “By integrating Roostify’s digital mortgage technology platform with CoreLogic’s robust data, analytics and workflow solutions, customers will gain access to critical information about borrowers and properties early in the loan process, reducing down time.” And money will be saved for both.
Terms of the deal were not announced. Both companies are privately held.
In its statement, CoreLogic said that integrating Roostify’s mortgage platform into its network of data assets and workflow platforms will reduce errors and help streamline the mortgage process.
“Due to the limitations of when and how lenders receive data about assets and borrowers, errors and loan terms are not disclosed until much later in the process during processing and underwriting,” the company said. “CoreLogic has data assets and workflow platforms to quickly uncover critical information about borrowers and collateral at the point of sale. Errors and conditions can be identified quickly, resulting in a better customer experience, limited processing and underwriting costs and the ability to apply appropriate processing and underwriting resources to each loan.
Roostify, led by co-founder and CEO Rajesh Bhat, has raised $65 million in venture capital, according to data from Crunchbase. It landed a $32 million Series C funding round in 2021, which was led by Ten Coves Capitalwith return investors Kota Capital, Mauro Capital, Colchis Capital, Point72 Ventures, And JPMorgan Chase,
Roostify powers Joe’s digital mortgage platform TD Bank, guild hostage, hsbc bank usa What’s more, allows various lending parties to fetch data and information from online sources. It then tailors that data to the home buying process. The product is integrated with digital solutions ICE Mortgage Technology, black Knight, Equifax, formfree And lender value,
CoreLogic, owned by private equity firm Stone Point Capitalhas made a few acquisitions in recent years, most notably in 2021 when the firm acquired Next Gear Solutions,
