The largest mortgage lender in the U.S. has confidentially filed for an IPO according to CNBC; the report indicates the...
"Rocket Mortgage has forever changed the way people think about getting a mortgage," said Jay Farner, CEO of Quicken Loans; for 2016 Quicken Loans has reported record originations of $96 billion with $7 billion contributed by Rocket Mortgage which has been originating loans for 11 months; consumers have reported high demand for the Rocket Mortgage product which provides a much simpler process for homeowners by digitally verifying income, credit, assets and property valuations. Source
The Financial Times digs into a regulatory filing released yesterday that shows how voting control will be organized after Quicken...