Thursday, October 15, 2015

Roostify Finds Venture Funding For Mortgage Automation

San Francisco-based Roostify, which is automating the mortgage loan and transaction process, said today taht t has raised a series A funding round. Size of the funding was not disclosed. The funding was led by USAA, and also included Colchis Capital and two, un-named banks. Roostify says that it has partnered so far with Fannie Mae, Yodlee, and others and has processed thousands of mortgage applications through its platform since launching early last year. Roostify is led by Rajesh Bhat.