True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

UWM has a plan to win a war of mortgage attrition

UWM's margins will fall all the way down to 75 to 110 bps. Mat Ishbia says it's the perfect environment to prove that his mortgage firm is truly elite.

Don’t sleep on non-QM products

Now is the perfect time for originators to consider expanding to non-QM products – to grow business, diversify their offerings and to ensure an opportunity to better serve their customers.

Mortgage

Quicken Loans’ Rocket Mortgage finally a fully digital mortgage thanks to Pavaso partnership

Move also in conjunction with Title Source

The impact of when Quicken Loans unveiled the first-ever digital mortgage nearly two years ago went far beyond being just a new product for the Detroit-based lender. 

Quicken Loans’ Rocket Mortgage pushed the technology innovation conversation to another level and forced companies to start doing something on the digital side.

At the time, Quicken Loans boasted that it offered a fully online mortgage through its new end-to-end online product Rocket Mortgage.

However, the industry was quick to point out that there was one key part of the “fully online digital mortgage” that was not living up to the digital standard: the closing process.

But now two years later, the industry has made huge strides in this area, as it worked to digitalize the final step in the mortgage process.

Moving in this direction too, Quicken Loans announced a new partnership to digitalize Rocket Mortgage’s closing process.

“Quicken Loans’ number one priority is simplifying the mortgage process for our clients,” said Jay Farner, Quicken Loans CEO. “Rocket Mortgage made our industry stand up and take notice, and our company continues taking the lead in revolutionizing the mortgage experience with eClosing.”

Quicken Loans’ sister company, Title Source, an independent provider of title insurance, valuations and closing services, announced it partnered with the eClosing platform company Pavaso. Title Source’s partnership with Pavaso now allows Quicken Loans’ clients to finish the mortgage process online.

“Our goal is to provide a closing experience that is fast and easy, both for the closing agent and the client they are helping,” said Title Source Chief Operating Officer Brian Hughes. “Rather than dealing with a mountain of paperwork, a digital closing allows clients to scroll through every page of their closing package, eSigning each document as needed.”

Most Popular Articles

How appraisers value homes in a hot housing market

How do appraisers value a home in a market where prices are escalating rapidly – and where nearly two-thirds of listed homes faced bidding wars in March? HW+ Premium Content

May 13, 2021 By

Latest Articles

Foreclosures down in April as moratorium continues

RealtyTrac and ATTOM Data Solutions found the number of properties with foreclosure filings in April are down 1% month over month and 17% year over year.

May 14, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please