It originated nearly $96 billion in mortgages in 2016.Īn online mortgage lender goes even more virtual It’s not only the biggest online mortgage lender in the U.S., it’s also the second-largest retail mortgage lender - online or otherwise - behind Wells Fargo, according to trade publication Inside Mortgage Finance. Quicken/Rocket provides just about all the services your neighborhood lender does: fixed- and adjustable-rate home loans, mortgage refinancing, FHA and VA loans and “jumbo” loans. Here’s how Quicken Loans and Rocket Mortgage stack up. With the same underwriting standards as Quicken Loans, Rocket gives users high-tech access to leading loan programs. Through the Rocket Mortgage website or mobile app, users can easily upload financial details and get a loan decision in minutes. Rocket Mortgage is Quicken’s online-only interface. This combination, along with the wide variety of loan products offered, helped Quicken become a leading national mortgage lender and the largest lender of Federal Housing Administration loans in the country. Quicken Loans couples a fully online application with available mortgage advisors for those who want a human touch. In fact, it famously describes the application process on its Rocket Mortgage interface as, “Push button. Quicken Loans is built for the “click here” generation, people who think doing business face-to-face is overrated. Quicken/Rocket provides just about all the services your neighborhood lender does: fixed- and adjustable-rate home loans, mortgage refinancing, FHA and VA loans and “jumbo” loans. - By, Hal M.

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