Rocket Mortgage is a legitimate and well-established online mortgage lending platform that has gained recognition and trust in the financial industry. It is a subsidiary of Rocket Companies, Inc., a publicly traded company (NYSE: RKT) that specializes in various aspects of the mortgage and real estate sector. Here’s a breakdown of what Rocket Mortgage is, its legitimacy, and its ownership:
What is Rocket Mortgage?
Rocket Mortgage is an online mortgage lender and platform that simplifies the mortgage application and approval process for consumers. It was developed by Quicken Loans, a prominent mortgage lender founded in 1985. Rocket Mortgage was introduced in 2015 as a digital and user-friendly solution to streamline the mortgage application process.
Rocket Mortgage offers a range of mortgage products, including conventional loans, FHA loans, VA loans, jumbo loans, and refinancing options. It is known for its quick and convenient application process, allowing borrowers to apply for mortgages and receive loan approvals online.
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Is Rocket Mortgage Legit?
Yes, Rocket Mortgage is a legit and reputable mortgage lender. It is backed by Quicken Loans, which has a long history of providing mortgages and has consistently received high ratings for customer satisfaction and service. Rocket Mortgage operates in compliance with all relevant regulations and is known for its commitment to transparency and customer-centric services.
As part of its commitment to legitimacy and compliance, Rocket Mortgage adheres to industry standards and best practices, ensuring that borrowers receive fair and ethical treatment throughout the mortgage process. It also provides detailed loan disclosures to borrowers, allowing them to make informed decisions.
Who Owns Rocket Mortgage?
Rocket Mortgage is owned by Rocket Companies, Inc., a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol RKT. Rocket Companies, Inc. is the parent company of various subsidiaries, including Rocket Mortgage, Rocket Homes, and Rocket Auto.
The company was founded by Dan Gilbert, who is a prominent entrepreneur and owner of the Cleveland Cavaliers basketball team. While Dan Gilbert played a significant role in the company’s growth, Rocket Companies, Inc. is now a publicly traded entity with a diverse group of shareholders.
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In summary, Rocket Mortgage is a legitimate online mortgage lender that operates under the umbrella of Rocket Companies, Inc. It is known for its user-friendly digital platform and commitment to providing quality mortgage services to consumers. Rocket Mortgage has gained trust in the industry and is considered a reputable option for those seeking mortgage financing.