CEO Varun Krishna says lender has already seen a surge in leads and higher conversion rates from the Redfin deal, thanks to 'cross pollination' of leads, agent referrals and mortgage applications
With closure of merger, homebuyers get temporary rate buydown or up to $6K in lender credits from Rocket Mortgage when the buyer or seller is represented by a Redfin agent
By handling every aspect of homebuying and selling, from search to financing to title and closing, Rocket aims to cut transaction costs on the median priced home in half, from $40k to $20k
Rocket executives say unifying home search, buying, selling, mortgage, title and servicing could net $20K in savings — which might allay antitrust concerns and keep RESPA regulators at bay
Opendoor drew $1.2B in revenue between January and March, according to first-quarter earnings released Thursday. The new numbers reflect a tough market, but also some hope for the iBuyer
Rising home prices and lender costs helped drive up homebuyers' closing costs by 13.4% in 2021, to an average of $6,905. Loan production expenses hit an all-time high during Q4 2021