San Francsico-based Roostify this week officially launched a Web and mobile service designed to help speed homebuyers, real estate agents and lenders to the closing table by letting them share and track information, documents and transactions.
Roostify CEO Rajesh Bhat said that with more borrowers applying for mortgages and conducting closings online, lenders positioning themselves to exploit this trend stand to benefit. The company’s initial round of seed funding was led by mortgage bank American Capital Corp. and included several angel investors.
“This is the first company that we have seen successfully develop and deploy a solution that benefits all parties involved, including real estate agents, lenders and customers,” said Allen Cravello, president of American Capital Corp., in a statement. Source: businesswire.com.