Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
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Rocket Companies CEO Jay Farner has said that the mortgage lender’s record third-quarter loan volume is thanks to investments it made in technology. So reports CNBC.
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The Quicken Loans parent company spent around $500 million on its tech platform over the last year, Farner said in an interview with Mad Money host Jim Cramer.
Rocket posted $89 billion closed loan volume in the three months that ended in September, a 122% increase from 2019.
