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Rocket Companies has announced that it has entered into an agreement to purchase digital realestate brokerage Redfin in an all-stock transaction for a value $1.75 Drive purchase mortgage growth: The transaction will generate significant revenue synergies across search, realestate brokerage, mortgage origination, title and servicing.
It seems that everyone in mortgage and realestate has an opinion about Rocket Mortgage ‘s pending $1.75 ” “Realestate is still a physical, relationship-driven business,” said another. ” “Realestate is still a physical, relationship-driven business,” said another.
Mortgage lenders and realestate agents who do not provide customers with a digital experience are being left behind. As mortgage and realestate professionals, we need to think about how we are meeting consumer expectations, while also taking it a step further to offer additional value beyond the transaction.
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.
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