Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Awards

2019 HW Vanguard: Eric Drattell

Roostify General Council and Chief Compliance Officer

Over the past year, Eric Drattell has led the team at Roostify that is responsible for the certification of Roostify’s platform designed to ensure compliance with the Americans with Disabilities Act.

Under Drattell’s leadership, Roostify announced that the platform – both web-based and accessible on mobile devices – meets 100% of the applicable requirements and is fully accessible to borrowers with physical, visual and auditory disabilities. 

This was huge for Drattell, as his wife is hearing impaired. He personally saw to Roostify being certified to Web Content Accessibility Guidelines 2.1, Level AA, enabling lenders to offer an ADA-compliant loan experience to their applicants. The certification recognizes that the Roostify platform is accessible to all users, including people with limited or no vision, limited or no hearing, colorblindness and limited mobility.

As a lawyer himself, Drattell knows there is a cottage industry of plaintiffs lawyers who search out bank websites to see if they are ADA compliant, and when they find one that is not, they sue the banks on behalf of their clients. Drattell’s efforts proactively mitigate that hidden threat. Customers who use the digital mortgage platform Roostify provides its lending clients are making the biggest decision of their lives – buying a home. Drattell tirelessly works to ensure that the all borrowers, regardless of ability, can truly understand everything in the process.

As chief compliance officer, Drattell manages all aspects of the company’s legal matters and leads the team responsible for compliance with legal and regulatory requirements, ISO 27001 and SOC-2 certifications, and privacy and security.

What one habit has made a crucial difference in your success?

“Persistence. It’s not just about showing up, it’s about digging in, driving to a resolution and conclusion. As a former litigator, I have challenged clients and still had to mount the best case possible. Those lessons helped me succeed.”

Most Popular Articles

Better.com lays off LOs, secures $750M cash injection

Digital mortgage lender Better.com is laying off 9% of its workforce ahead of a $750 million cash injection from financial backer SoftBank Group.

Dec 01, 2021 By

Latest Articles

Who’s afraid of the PSPA?

Stakeholders are divided over whether, in light of proposed changes to its capital rule, the FHFA should retool its agreement with the U.S. Treasury and remove policies some say never belonged there in the first place.

Dec 06, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please