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Rocket will match homebuyers with the best real estate agents and the best loanofficers across the combined companies. Drive purchase mortgage growth: The transaction will generate significant revenue synergies across search, real estate brokerage, mortgage origination, title and servicing.
When these clients are then connected with the best agents and the best loanofficers, it creates a virtuous cycle. Now, by joining forces with Rockets 3,000 loanofficers and expansive mortgage broker network, were building a highly efficient funnel that matches motivated buyers with top professionals.
Another $700 million is expected to be invested in mortgage lending, with a focus on rural areas, the development of community mortgage loanofficers, small-dollar mortgages and home improvement loans, among other products for LMI borrowers.
Most loanofficers lose 70% of their past customers because they don’t have the process or tools to manage the relationship forward. By 2027, the mortgage industry is going to look completely different. There’s never been more at stake for a loanofficer or a real estate agent than there is today.
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