Buying a house or an apartment is a lot of work. Applying for a mortgage to complete the purchase typically means multiple trips to the broker/bank/realtor etc. Reams of documentation, questions and forms. Fintech startups have been addressing many of the analog challenges by providing digital solutions to streamline processes and provide consumers with a far better experience. Quicken Loans, not exactly startups, is showing its software engineering cred by launching “Rocket Mortgage”.
Dan Gilbert, saviour of Detroit and owner of the Cleveland Cavaliers, chatted about the new service to CNBC during the Detroit Auto Show last week. Gilbert explained that it took in-house engineers about 3 years to craft their application – but now it is ready to go. And how did Quicken Loans accomplish this rather daunting task? They interfaced with banks, appraisers, credit data etc. Pump in your data and they check it all out.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Gilbert built Quicken Loans from the ground up – so he knows a thing or two about entrepreneurship, innovation and risk. Perhaps some of the big banks could take a lesson, or two, from Gilbert.
This article was first published at Crowdfund Insider, by
READ MORE: Dan Gilbert
Dan Gilbert
Cleveland Cavaliers owner Dan Gilbert has stated numerous times that spending money to put a championship-caliber team in place won’t be a problem. He backed up those words this off-season, allowing general More…
Dan Gilbert, founding partner of Bedrock Real Estate Services on Monday announced the sale of the ‘s Capitol Park to Lear Corporation. Detroit Mayor Mike Duggan said Monday that while there was a time More…
Quicken Loans founder and chairman Dan Gilbert speaks with Detroit Mayor Mike Duggan earlier than a press convention at One Detroit Middle in downtown Detroit on Tuesday March 31, 2015 whereas saying the acquisition More…
Five years after Dan Gilbert uprooted his online mortgage company from the Detroit suburbs to the troubled city, one of the most prominent players in redeveloping downtown says the deals and dirt-digging More…
Dan Gilbert, founder of the largest online mortgage lender in the U.S., has rejected allegations that his company cost the American government millions of dollars through faulty lending practices in recent More…
Despite the fact that Quicken Loans’ founder Dan Gilbert’s development projects in Detroit have been prodigious, he said the Detroit restructuring is “still in its infancy, ” according to More…
