Competition between top mortgage lenders for homebuyers heats up

Rocket Mortgage rolls out “Inflation Buster” mortgage, which provides a lower rate for one year, as it battles rival United Wholesale Mortgage for homebuyer market share. Continue reading

Credit unions, banks flock to Black Knight’s Empower mortgage LOS

IThink Financial, the eighth credit union to sign up for Empower since December, will use the mortgage loan origination system to provide home loans to more than 100,000 members. Continue reading

More MSU athletes to plug UWM on social media

The Michigan-based lender’s “name, image and likeness” deal with men’s football and basketball teams has expanded to encompass women’s basketball and volleyball. Continue reading

Big lenders get a head start, adopt $715,000 conforming loan limit

Moves by Rocket and United Wholesale Mortgage could help borrowers get better rates and make smaller down payments when taking out loans that were previously classified as jumbo. Continue reading

United Wholesale Mortgage is gunning for retail rivals’ customers

United Wholesale Mortgage, the nation’s biggest wholesale mortgage lender, is slashing rates and urging retail loan officers to defect to independent mortgage brokerages. Continue reading

Mortgage lenders use tech and local ties to grow national footprints

Atlanta-based direct mortgage lender Silverton Mortgage, a Snapdocs client, has added new branches in the Carolinas, Arkansas and Missouri over the past year. Continue reading

Rocket scores another deal to provide home loans through banks

Lenders can integrate Rocket Mortgage’s digital mortgage application into an online banking platform developed by Q2 Holdings Inc. Continue reading

Santander Bank sends homebuyers to Rocket Mortgage for loans

The bank’s website is set up to funnel homebuyers to RocketMortgage.com, where Santander customers are informed they’re eligible for special loan pricing and a savings of $500 at closing. Continue reading

Rocket stays profitable by a hair in Q2 after cutting $300M in expenses

In addition to shedding workers, the parent company of the nation’s biggest lender trimmed marketing, production and other vendor-related costs to beat cost-cutting goal, according to an earnings report Thursday. Continue reading