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Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform. Rocket plans to acquire more mortgage servicing rights (MSRs) to open up a new channel for acquiring clients.
After the deal was announced, CEO Varun Krishna told investors that he expects a lift in purchase mortgage growth after the deal closes. When these clients are then connected with the best agents and the best loan officers, it creates a virtuous cycle. Essentially, it’s the holy grail of mortgage and real estate tech.
Essentially, through the so-called Bacon Protocol — a set of smart contracts and programming that exists on the Ethereum blockchain platform — investors can purchase stable coins, which are a form of “stable” cryptocurrency pegged to the value of the U.S. trillion and is projected to exceed $32 trillion in value by 2027.
Respectfully, while I agree with the need for improvement in these areas, this strategy is akin to swallowing an aspirin in 2027 for a migraine you have today. Some stats: As recently as 2023, it is estimated that investors accounted for 27% of all single-family home purchases, up from the high teens in 2019.
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