[May 01, 2018]

BOK Financial Implements Partnership With Roostify to Streamline Mortgage Process

BOK Financial, a top-25 regional financial services company, has implemented a partnership with Roostify, a digital lending platform that gives customers more control of their home buying process while allowing loan officers to utilize the latest technology to more easily process loans.

The new digital platform is a tool that offers functionality and efficiency to customers including:

• Customers can start an application, provide documentation and follow their loan's progress online.
• Applicants have a secure way to upload, send, and receive loan documents. Homebuyers can add other involved parties to transaction, such as the real estate agent.
• Users don't have to guess where they are in the process - they will receive timely loan status updates.

For BOK Financial's loan officers, this means less time spent processing paper documents or in repeat phone calls, and more time to work on actually moving loans forward. Loan officers like John Yancey are benefiting from the partnership.

"This is a big help in my day-to-day work," said Yancey. "With my buyers submitting their documents online, I am able to get the loan into processing much faster and keep it moving forward more easily, particularly if the buyer's information comes in electronically verified as accurate."

"The technology investment complements BOK Financial's increase in purchase loan production across the company's eight-state retail footprint as well as the consumer direct channel over the past year," said BOK Financial Mortgage President Glenn Brunker. "The bank is leveraging Roostify's dynamic technoloy to deliver a unique offering to both the employee and customer in the different markets and channels. This will affirm our commitment to the implementation of a streamlined digital experience for our customers."

"With Roostify, our loan officers have access to the best technology on the market to do their jobs more efficiently than ever, while offering a great experience to our customers," Brunker said.

BOK Financial joins several other prominent lenders in leading the transition to a digital-first home buying process, reflecting a larger industry trend towards Internet-based mortgage experiences.

"The home lending industry is evolving and embracing new technology that today's consumer demands - an online experience with complete transparency," said Rajesh Bhat, CEO and Co-Founder, Roostify. "This gives BOK Financial's loan officers the opportunity to better manage an already complicated task of juggling financial documents and progress notifications between multiple parties. Home buyers benefit from a better experience from application to closing."

About Roostify

Founded by consumers looking for a better way to find a home, Roostify provides the industry's leading digital platform for home lending. From enterprise banks to independent brokerages, dozens of lenders across the United States trust Roostify to speed up closings, reduce unnecessary work and give their customers a smooth, anxiety-free mortgage experience. Since 2014, Roostify has transacted over billions of dollars in mortgages and helped close hundreds of thousands of home loans nationwide.

Roostify is backed by several top banks and investment groups, and headquartered in San Francisco. For more information, please visit roostify.com.

About BOK Financial Corporation

BOK Financial Corporation is a $33 billion regional financial services company based in Tulsa, Oklahoma. Through its subsidiaries, the company provides commercial and consumer banking, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180501005480/en/

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