Content area
Full Text
In October, a subsidiary of USAA, SS the San Antonio, Texas-based provider of financial services for U.S. military and their families, led a Series A round of funding for a San Franciscobased provider of automated mortgage transaction technology. The Bay Area technology company on the receiving end of the funding is Roostify.
If that sounds surprising, it shouldn't. It seems USAA has been investing heavily in new technology to streamline and simplify the mortgage application process, and it is actively making headway. In the release announcing the investment in Roostify, Michael Smith, executive director of corporate development for USAA, said, "Roostify is innovating the home-buying process for consumers and lenders through a platform that brings simplicity and efficiency to something that sorely needs it."
Roostify allows all parties to a mortgage origination transaction to have...