By KIMBERLEY HAAS Rocket Mortgage has launched new 15- and 30-year home equity loan options and the executive vice president at Rocket Pro TPO says brokers can use them to help clients who need cash. The new terms complement Rocket’s existing 10- and 20-year options and Mike Fawaz said in an interview with The Mortgage…
Bilt Rewards partnered with eXp Realty to open its points-for-rent program to include home purchases. The company, a rewards program for renters who pay with a Bilt credit card, will now award one point for every $2 of a home’s purchase price. Bilt Points are redeemable for a variety of luxuries, such as travel and…
AnnieMac Home Mortgage expanded its Cash2Keys Cash Offer platform to include FHA loans. The move gives the power of a cash offer to more Americans, including first-time and non-conventional borrowers. The platform gives borrowers an edge over their competition with a strong, upfront cash offer that can now be paired with FHA financing. “At AnnieMac,…
A new tool from Zillow will attempt to predict whether users will qualify for a loan when shopping with a budget. BuyAbility is an affordability tool from Zillow Home Loans that gives buyers a personalized estimate of the home price and monthly payment they can afford, as well as the likelihood of qualifying for a…
Linda Davidson has been named Fairway’s new President of National Branch Optimization– Operations. Davidson joined Fairway Independent Mortgage Corporation six years ago, contributing to a nearly thirty-year career in the mortgage industry. “Fairway’s commitment to operational excellence and our core value of ‘Speed to Respond’ is unparalleled in the industry,” Davidson said. “I am excited…
Zillow’s president, Susan Daimler, is leaving the company, along with her husband and senior VP of product, Matt Daimler. The Daimlers joined Zillow in 2012 when it acquired Buyfolio, Susan’s startup. She went on to head its New York operations and manage StreetEasy, then moved to the company’s Premier Agent business before becoming president. “When…
Rocket Companies has secured the domain name Rocket.com, setting the stage for a brand revamp next year. Elliot Silver at DomainInvesting.com reported that Rocket.com had been sold back in September. Now, reports suggest Rocket spent $14 million on the domain, buying it from defense contractor L3Harris Technologies. The transaction was referenced in a recent filing…
Rate Insurance unveiled new AI-driven features within its sales and service platform, powered by Rate Intelligence. These additions to the platform enhance customer experience and help agents maximize their efficiency. It’s another step towards a comprehensive AI strategy across all Rate brands, the company says. “Our goal at Rate Insurance is to continue to invest…
Leaders at Rocket Companies are optimistic about the future, saying they had a strong third quarter. Rocket reported its Q3 2024 earnings on Tuesday, with total revenue of $647 million and adjusted revenue of $1.323 billion. “We delivered strong third-quarter results, expanding purchase and refinance market share, and increasing adjusted revenue by 32% year-over-year. Our…
Better.com has introduced a new loan product to boost affordability for veterans and active service members. The VA Interest Rate Reduction Refinance Loan (VA IRRRL) is a streamlined refinancing solution for eligible veterans, active-duty service members, and surviving spouses. “At Better.com, we are committed to honoring veterans for their service. The addition of VA IRRRL…
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