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Lending / The Ticker

Two mortgage firms join forces to quicken closings

Roostify and Liquid Logics hit Bullseye

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Mortgage technology firm Roostify, which automates closing activities between borrowers, lenders and real estate agents, will partner with Liquid Logics.

Liquid Logics' proprietary platform Bullseye is a loan origination and portfolio management system. Roostify services will be added to the platform.

Roostify offers a secure interface that allows borrowers to apply for a mortgage. All parties involved can then track the many steps that follow before closing.

Roostify also processes borrower application and qualification data and passes necessary information to loan officers.

Liquid Logics CEO Sam Kaddah said: "Bullseye's joint integration with Roostify will combine both organizations’ strengths and provide a rare and cost-effective opportunity to simplify the mortgage origination complex process, untangle it for the borrower to understand, and allow the mortgage bankers to transact efficiently with real cost savings in origination and speed of closing."

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