For decades, Quicken Loans has prided it self as the most useful on line mortgage broker in city. Its simple application procedure has aided it develop into among the mortgage companies that are largest in the commercial, accounting for 6% associated with the mortgages in america.
That puts them directly behind banking leaders like Wells Fargo and Chase within the competition to regulate home loan share of the market. So good for the вЂњonlineвЂќ broker.
Despite having all their success, the Quicken Loans application process has not been a fully online experience. Yes, potential borrowers began the applying process online. But much like every single other home loan company, presented applications had been directed at that loan officer whom then guided the applicant through the method. ThatвЂ™s exactly how it’s constantly workedвЂ¦until now.
Enter Rocket Mortgage, Quicken Loans reply to the demand that is modern completely online transactions.