![]() ![]() ![]() But as with every other mortgage company, submitted applications were given to a loan officer who then guided the applicant through the process. Yes, potential borrowers started the application process online. Not bad for an “online” broker.Įven with all of their success, the Quicken Loans application process has never been a fully online experience. That puts them right behind banking giants like Wells Fargo and Chase in the race to control mortgage market share. Its simple application process has helped it grow into one of the largest mortgage companies in the business, accounting for 6% of the mortgages in the United States. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below.įor years, Quicken Loans has prided itself on being the best online mortgage broker in town. ![]() We may, however, receive compensation from the issuers of some products mentioned in this article. The company generates loan production from web centers located in Detroit, Cleveland and Phoenix. Rocket Companies, Rocket Mortgage's parent company, ranked #7 on Fortune's list of the "100 Best Companies to Work For" in 2022 and has placed in the top third of the list for 19 consecutive years.įor more information and company news visit /PressRoom.You can trust the integrity of our balanced, independent financial advice. Rocket Mortgage moved its headquarters to downtown Detroit in 2010. Rocket Mortgage closed $351 billion dollars of mortgage volume across all 50 states in 2021. In late 2015, it introduced the first fully digital, completely online mortgage experience. Mortgage brokers can learn about the program at or they can talk to their account executive.ĭetroit-based Rocket Mortgage, the nation's largest home mortgage lender and part of Rocket Companies (NYSE: RKT), enables the American Dream of homeownership and financial freedom through its obsession with an industry-leading, digital-driven client experience. Homebuyers can go to to learn more and apply for a home loan. #Rocket mortgage proThe company is also extending the offer to mortgage brokers' clients through Rocket Pro TPO, with funding coming from the real estate agent or home seller. This lower payment will be automatically provided to any Rocket Mortgage clients who apply for a conventional, FHA or VA purchase loan. Rocket Mortgage is giving homebuyers more flexibility in their payment for the first year – a time when they are usually buying new furniture, décor, making improvements or customizing the home to fit their style. The homeowner in this illustration would save a total of $2,972.40 in the first year of their loan. With Rocket Mortgage's Inflation Buster lowering the client's payment by one percentage point for the first year, however, their payment would drop more than 10% to $2,086.59. Combined, these put buyers in the driver's seat with unmatched benefits."Īs an example, a homebuyer with a $400,000, 30-year fixed mortgage with 5.75% interest would traditionally pay $2,334.29 in principal and interest. "The Inflation Buster pairs perfectly with Rate Drop Advantage program which covers many of the costs to refinance when interest rates fall. "Rocket Mortgage is committed to creating solutions to combat today's high inflation, making home purchases more affordable," said Bob Walters, CEO of Rocket Mortgage. ![]()
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