Leaders at Rocket Companies have announced an expansion of Rocket Mortgage Canada.
The digital mortgage broker has become a mortgage lender. Using a tech-driven experience, clients can close faster than if they use the traditional paper-heavy process. Programs include a 5% down option.
Rocket Mortgage Canada, founded in 2020, is currently offering mortgage products in Ontario, where the company is headquartered. Company leaders plan to expand to additional provinces.
“The Rocket Mortgage brand is synonymous with innovation. For too long Canadian homebuyers have endured an inefficient and old way of financing a home that we are eager to transform,” said Hash Aboulhosn, President of Rocket Mortgage Canada. “As a lender, we are now able to impact every part of the home loan experience – from working with a mortgage agent to find the right mortgage for you, to easily submitting the application, through approval and closing. Because of this, our clients will have the best journey possible and get the keys to their new home quickly.”
Homebuyers and homeowners using Rocket Mortgage Canada will have the ability to see the progress of a loan and the next action to be taken in real time. Clients will be able to view updates at every step of the process through a digital portal.
In addition to providing a home loan, the company can match clients with a real estate agent, an insurance provider, a lawyer, and more.
Rocket Mortgage Canada will remain a broker and will continue offering options from its other lender partners, company leaders said.
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