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Mortgage News, Technology

The Digital Mortgage Revolution

- Wednesday December 14, 2016

 
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"The Digital Mortgage Revolution"

  1. tobias says:
    February 27, 2017 at 10:11 am

    The SuperBowl was February 1. If Rocket Mortgage is getting 1 application every 9 minutes then that is (24 * 60) / 9 = 160 applications per day. Times 27 days is about 4,160 total applications since the Super Bowl. And they closed $5 billion in loans!? Anybody bother to to the math? Even if all those applications were approved then the average loan amount would be $5 billion / 4,160 applications = $1.2+- million average loan. I don’t think so.

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