Benzinga does not provide investment advice. Chaffetz Says Americans Should Buy Healthcare Rather Than iPhones We Compared The Costs Had it not been for the Discontinuation Policy, I would have passed on this version and waited for Quicken 2016. How Much Is The Trump Organization Costing Taxpayers? When Quicken 2015 was introduced last fall, there were the usual improvements to the Windows version, while the user reviews on Amazon seemed, on the whole, similar to the previous years. RadioShack To Kodak These Companies Fell From Grace The Hardest Related Link: A Few Changes At The Top Of Quicken Loans Related Link: Dan Gilbert Has A Huge Vision For Detroit's Old Hudson's Site: The City's Tallest Building In addition, Quicken reports that mortgage loans close 12 days faster than the industry average.Īfter Quicken's record-breaking 2016, the company has now closed more than $300 billion of mortgage volume since 2013. The digital verification process allows many Quicken borrowers to eliminate the paperwork from the process altogether. To determine whether customers qualify for a Rocket Mortgage, Quicken uses a digital verification service that includes assessment of the borrower's income, credit, assets and property valuations. Many of these Rocket Mortgage borrowers were millennials, who preferred Quicken's highly-automated and transparent lending process. Quicken reports 80 percent of its Rocket Mortgage customers who used the loans to finance a home purchase were first-time buyers.
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