"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
Many consumers today believe their financial lives are complex and it’s easy to get caught up in finance topics which...
Ron Suber discussed the challenges that online fraud can present to marketplace lenders in his keynote speech at the Fintech Fraud Summit last week in San Francisco; to mitigate fraud, companies must have a comprehensive risk and compliance system that protects it from attacks and fraudulent loans; Ron Suber outlined Prosper's risk and compliance approach in his presentation providing an example for marketplace lenders seeking solutions for mitigating and managing fraud. Source
Digital real estate startup Roofstock has secured a $50mn series D round led by SVB Capital with participation from Citi...
Roofstock provides a marketplace for buyers and sellers of rental properties; the company is up to 35 employees and has now raised their Series C led by Canvas Ventures; TechCrunch published a short Q&A with their CEO Gary Beasley; while the company doesn’t disclose actual number of properties, they have facilitated “hundreds of millions of dollars in value this year alone” and now operate in 15 markets across the US. Source
Automated mortgage transaction technology firm Roostify has announced Frank Gelbart as its new chief revenue officer; Frank Gelbart has over 20 years of experience with technology companies and was previously president, CEO and co-founder of Appfluent Technology; Roostify is a fast growing startup and is currently partnering with JPMorgan for mortgage lending technology innovation. Source
HSBC Bank USA has partnered with Roostify in order to offer a digital mortgage experience; the result is a more...
Roostify CEO Rajesh Bhat sat down with TearSheet to discuss the online mortgage market and stated we are still in the first quarter of the game; Roostify is an enterprise mortgage origination platform and has secured deals with JPMorgan Chase and Guild Mortgage; topics discussed include why mortgages are so hard to digitize, how banks have addressed the move to digital mortgages and how did Roostify come to be. Source.
Yesterday round two of the PPP loan program kicked off after Congress allocated an additional $310 billion to the program;...