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4 | M R EP O RT MTECH Streamlining the Home Buying Journey CORELOGIC ANNOUNCES THE ACQUISITION OF ROOSTIFY I rvine, California-based CoreLogic—a provider of global property informa- tion, analytics, and data-enabled solutions—has acquired Roostify, a digital mortgage technology provider. "CoreLogic is committed to driving innovation throughout the mortgage manufacturing pro- cess," said Jay Kingsley, President, Mortgage Solutions at CoreLogic. "We sit on an incredible amount of data, analytics, and essential workflow solutions that, when properly integrated into the loan lifecycle, can deliver a better mortgage experience for bor- rowers as well as lenders. The Roostify acquisition will unlock our ability to quickly execute on this mission." By integrating Roostify's digital mortgage tech platform with CoreLogic's data, analytics, and workflow solutions, clients will gain critical information about borrowers and properties at the beginning of the loan process, saving both time and money. Due to limitations on when and how lenders receive data about prop- erty and borrowers, errors and loan conditions aren't exposed until much later in the process, during processing and under- writing. CoreLogic has the data assets and workflow platforms to expose critical information about the borrower and collateral much sooner, at the point of sale. Errors and conditions can be identified immediately, resulting in improved customer experience, limited processing and underwrit- ing costs, and the ability to apply the appropriate processing and underwriting resources to each loan. "We believe that this is an im- portant transaction for the indus- try," Roostify Co-Founder & CEO Rajesh Bhat said. "From inception, Roostify's mission has been to ac- celerate and streamline the home lending journey. Bringing together the power of CoreLogic's data and analytics suite with the Roostify digital lending platform allows us to accelerate the journey towards a truly data-driven digital origina- tion experience in one single platform." CoreLogic's combined data from public, contributory and proprietary sources includes more than 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk, and related performance information. CoreLogic serves the real estate and mortgage finance, insurance, capital markets, and the public sector. Pioneering New Tech Advances As the tech evolution continues, the following companies are embracing this wave of next generation programs and products as the industry steps closer to an all-digital mortgage process.