Rocket Mortgage Groundbreaking ONE+ Program Offers a Remarkable 1% Down Payment Scheme

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In: New Home Mortgage News

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Rocket Mortgage, a retail home lender, has unveiled its newest offering called ONE+.  This innovative program enables homebuyers to contribute a mere 1% down payment towards the purchase price of a property, while Rocket Mortgage graciously covers the remaining 2%Continue Reading

Rocket Mortgage Launches Purchase Plus Program

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In: Mortgage News

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Rocket Mortgage, a Rocket Companies (NYSE: RKT) company, today launched Purchase Plus, a special purpose loan program designed to increase homeownership in underserved communities.  The new program offers first-time home buyers a loan of up to $7,500 to cover homeContinue Reading

UWM Originates 31 Percent Higher In Revenue Compared To Rocket

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In: Mortgage News

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United Wholesale Mortgage (UWM) is currently the largest mortgage lender in the United States, thanks to its low-interest strategy, which has put serious pressure on its competitors. UWM raised $33.5 billion in the third quarter, beating rival Rocket Mortgage’s $25.6Continue Reading

Rocket Mortgage Expands Manufactured Home Financing Options

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In: New Home Mortgage News

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Rocket Mortgage is now expanding home loan options in a rapidly shrinking industry by offering traditional loan options to buyers looking to purchase or refinance a manufactured home. Borrowers said Wednesday they could use the loan to finance a homeContinue Reading

New Toolkit For Corresponding Partners By Rocket Pro TPO

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In: Mortgage News

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Rocket Pro TPO, a division of Rocket Mortgage, launched a new toolkit this week for unaccredited correspondents. The program allows homebuyers to register, submit documents and sign electronically using Rocket Pro TPO’s digital customer portal.  Rocket then generates credit reports,Continue Reading

Rocket Mortgage Launches New Inflation Buster Mortgage Program

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In: Mortgage News

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Detroit-based Rocket Mortgage, the nation’s largest mortgage lender, today launched its Inflation Buster program. That deposit is secured by a special account created and closely monitored by Rocket Mortgage, the company said. Under this program, homeowners pay their mortgage downContinue Reading

Virtual Notarization Allowed In 43 States For Real Estate Closings

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In: Realtor News

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Real Estate closures can happen remotely in most states, a shift that has made most of life online easier during the pandemic. Mortgage lenders are pushing the rest of the states to join, though lawmakers have reservations. 43 states nowContinue Reading

Two Fight The Third Benefit is the story of UWM, Rocket Mortgage and Homepoint

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In: Mortgage News

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Last updated on April 23rd, 2021 at 05:43 pmEarlier this month Mat Ishbia CEO of United Wholesale mortgage issued an ultimatum to brokers to choose between working with Rocket Mortgage and Fairway Independent or working with United Wholesale Mortgage.  UWMContinue Reading

Introduction Of New Jumbo Loan That Goes Up To $2M For Brokers By Rocket Mortgage

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In: New Home Mortgage News

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An opportunity for self-employed borrowers who are frustrated by the lack of mortgage options and could not take advantage of the low rates because of numerous red tape, and limited jumbo products, a new jumbo mortgage is offered by RocketContinue Reading

Rocket Mortgage Enabling Consumers To Find A Broker Easily With Broker Directory

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In: Mortgage News

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Last updated on June 24th, 2021 at 04:30 pmAmerica’s largest mortgage lender Rocket Mortgage and a part of Rocket Companies has launched a national mortgage broker directory today.  Homebuyers and those looking to refinance can easily start the mortgage processContinue Reading