Rocket Mortgage, facing a rise in mortgage rates and decreasing demand, has introduced a new product called 24 Takeoff through its third party origination (TPO) division. This move is seen as a strategic play to increase volume and engage mortgage broker partners.
Key points:
– Rocket Mortgage has seen mortgage rates climb back into the 7% range
– Demand for mortgages has been decreasing in recent weeks
– The TPO division of Rocket Mortgage has launched a new product, 24 Takeoff
– 24 Takeoff allows mortgage broker partners to receive a 24-hour approval on loans
You can read this full article at: https://www.housingwire.com/articles/in-a-sluggish-market-rocket-mortgage-courts-brokers-with-pricing-incentive/(subscription required)
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