Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) And Roostify Complete Integration

The improved market conditions have prompted two leading mortgage service providers to come together and get benefitted from each others’ network. As per the reports, Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Roostify have completed an integration. Under this integration, customers of Roostify will be able to use automated underwriting system of Fannie Mae to streamline its applications into desktop.

Insights On Matter:

The integration decision seems to help both the companies in offering best in class services to their customers. Reports claim that this integration will result in the following advantages-

  • Roostify customers will be allowed to deliver the pristine mortgage application directly into DU for the pre-approval process.
  • It will also help the authorities to obtain for DU findings and conditions that can help in the origination process.
  • The integration between these two companies will reduce various steps and timeframe which are needed to carry out a loan application.

Management teams of both the companies look delighted to execute this integration process. According to Stephen Pawlowski, Senior Vice President, Business Technology and Strategic Innovation, this integration will help both the companies to advance further. Roostify is considered as one of the most innovative companies in today’s time, and Fannie Mae is excited to work along with it. The integration process will not only improve the integrity of the company, but the overall efficiency in mortgage operations as well.

The web package platform of Roostify makes it possible for consumers to come up with a verified loan package within minutes, which can further facilitate loan officers and help them collaborate with interested parties without any hassle. As a result of this system, consumers will be able to close the loan application faster than before. Rajesh Bhat, CEO, Roostify says that this integration will help the company in streamlining the loan process and coming up with an unparalleled borrowing experience for customers.

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