Rocket Posts First Quarterly Loss Since Going Public
With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73 percent from a year ago, to $23.7 billion.
Source: inman.com
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Rocket Companies Announces Third Quarter Results
Generated Q3'22 net revenue of $1.3 billion and net income of $96 millionDelivered closed loan volume, net rate lock volume and gain on sale margi...
Source: businessinsider.com
Amrock Aims To Offer Smartphone Closings Everywhere They're Allowed
The Rocket Companies subsidiary will roll out mobile eClosings for purchase loans by the end of 2022, an indication the practice of attending a closing in person may be coming to a close.
Source: inman.com
Rocket's title unit Amrock allows for mobile eClosings
Rocket made waves in 2016 when it promoted its online streamlined application process during Super Bowl 50. This now takes the process to the other end.
Source: nationalmortgagenews.com
Amrock's new tech allows buyers to close loans from mobile devices
Borrowers can close on a mortgage by connecting with the closing agent or notary remotely through its website, dubbed Clear Sign.
Source: housingwire.com