Rocket Companies launched Rocket Pro Insight, a technology platform that gives real estate agents real-time updates on the status of their clients' mortgages. According to a press release, these updates are sent through a website and mobile app, giving real estate agents added transparency in the loan experience. Real estate agents can now see what process each loan is in, the terms of the clients' loans, whether or not any additional documentation is required and when the loan will close.
"There is no doubt real estate agents are crucial in the home purchase process," said Jay Farner, CEO of Rocket Companies. "They are the homebuyer’s ally and partner from beginning to end. For that reason, we created Rocket Pro Insight – to arm these professionals with the tools they need to get more clients to the closing table with ease."
To create its latest technology, the Rocket Mortgage team asked real estate agents what tools they needed to improve the homebuying experience for their clients. Real estate agents simply wanted more insight and with Rocket Pro Insight, they are able to gain the information they need in a simple process, according to the release.
Real estate agents will also have the power to adjust their client's approval letters within the client's approved range. This will help when it comes time to negotiate offers. Additionally, they have the ability to upload key documents that may be missing for their clients.
"Rocket Mortgage also recently formed a relationship with Realtor.com – bringing together two of the biggest, and most prestigious, brands in real estate. The initiative helps homebuyers on Realtor.com easily connect with the simplest and most convenient way to get approved for a mortgage," according to the press release.
"Additionally, agents who partner with Realtor.com can work with financially-ready buyers who – with a Verified Approval Letter from Rocket Mortgage – are nearly twice as likely to close on their mortgage."
