Is Rocket Pro part of Quicken Loans?
Quicken Loans Mortgage Services, known commonly as QLMS, announced a complete rebrand coming soon, and with it will come what the company deems “a massive step forward” in the technologies and services it offers partners.
Is Rocket pro the same as Rocket Mortgage?
Rocket Pro TPO, is a division of Rocket Mortgage, and a part of Rocket Companies, Inc. (NYSE: RKT). It works exclusively with mortgage brokers, community banks and credit unions.
Who is rocket pro?
Rocket Pro℠ Originate is a powerful yet easy-to-use technology that enables insurance agents and other financial professionals to originate mortgages through Rocket Mortgage®.
What is a TPO broker?
This includes mortgage brokers and correspondents, which are known as third-party originators (TPOs). A seller's TPO business is also known as a wholesale channel. Sellers remain fully responsible to Fannie Mae for functions that are outsourced to third parties.
What is TPO in mortgage?
A third-party mortgage originator is a person or company that works with a lender to originate a mortgage loan. The mortgage origination process involves many steps, such as gathering information from the borrower for the loan application and assisting in the underwriting, closing, and funding of the loan.