They expect technology to service their demands and simplify their lives, whether it’s shopping, dating, arranging an Uber, trading their sneakers, or even a complex infrequent transaction, such as a home loan. “Many consumers can’t, or simply won’t, navigate the mortgage process solely within the limited timeframe of traditional business hours. “While millennials are more likely to use Rocket Mortgage, we see strong adoption across all demographics,” says Regis Hadiaris, senior product manager of Rocket Mortgage.
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Rocket Mortgage has become a significant part of our business and will continue to be a central driver of our growth.”
“The product has been a success in so many ways, including its strong appeal to first-time homebuyers and ability to remove the intimidating and cumbersome aspects of the traditional mortgage process. Users of Quicken 2017 and older: If you want to have full control over both the loan account register and the payment transactions you need to set up your loan account as a 'manual loan account' and use the Scheduled Reminder created by the setup process to record your payment transaction on or before the due date. “Rocket Mortgage has forever changed the way people think about getting a mortgage,” says Jay Farner, CEO of Quicken Loans. Two-thirds of Rocket Mortgage clients in 2016 used the product to finance a home purchase, with 80 percent being first-time homebuyers. Rocket Mortgage’s closed volume alone, according to the company, would rank it a top 30 national mortgage lender in the U.S. Rocket Mortgage boosted Quicken Loans to a record-breaking year in 2016, funding $7 billion of a record $96 billion in total closed loan volume, the company recently announced.
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