Detroit-based Rocket Companies continues to expand its mortgage business after going public in 2020.
What Happened: Rocket Companies RKT announced Monday the launch of “Rocket Pro Insight,” a technology platform that provides real-time updates on mortgage status for real estate agents.
“Our team is constantly leveraging the power of technology to streamline and simplify the mortgage process. Rocket Pro Insights is the latest innovation in a long line of FinTech tools we have created to improve the experience and give added confidence to our clients and their partners,” Rocket Companies CEO Jay Farner said in a statement.
Related Link: Rocket Companies First Quarterly Earnings Repot Shows Closed Loan Volume Up 126% at $72B
Why It’s Important: Rocket Pro Insight is the result of research and asking agents what they needed to make the process easier, according to the company.
Rocket Companies recently signed a partnership with Realtor.com and continues to push further into providing tools for partners to use throughout the mortgage process.
RKT Price Action: Shares of Rocket Companies were trading 0.78% higher at $23.33 at last check Tuesday.
The shares are up 29% from their $18 IPO price.
Photo courtesy of Rocket Companies.
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