SAN DIEGO and DETROIT, Oct. 14,
2020 /PRNewswire/ -- Today, financial empowerment app Mint
by Intuit Inc. (Nasdaq: INTU), and Rocket Companies (NYSE: RKT),
announced a first-of-its kind partnership in which Rocket Mortgage
– the first fully digital mortgage experience – is now integrated
into the Mint app via API to create a fast, simplified refinance
experience for homeowners.
As part of this integration, Mint users are able to pre-fill
information such as current mortgage information that they've added
to their Mint profile. They are then able to seamlessly search for,
apply and lock-in mortgage refinance rates with Rocket Mortgage in
as few as eight minutes, instead of days or weeks – all powered by
the Rocket Mortgage API. This is the first time the Rocket Mortgage
experience has been directly integrated into a personal finance
platform.
"Across the country, Americans are struggling with their
finances as many face difficult economic times. As interest rates
are near an all-time low, now is an ideal time for many to consider
refinancing their mortgages and save thousands," said Varun Krishna, SVP & Head of Consumer
Finance at Intuit. "For too long, the refinance process has been an
annoyingly tedious and overwhelming experience for all of us to
find the right lender and loan for our situation. We're excited to
help simplify the process for Mint users with this integration of
Rocket Mortgage and give our customers some peace of mind during
this already stressful time."
With the integration of Rocket Mortgage's digital refinance
application, Mint users can now seamlessly find the best options
for lowering their rate through the easy-to-navigate Mint interface
combined with the powerful Rocket Mortgage API. This new feature
allows users to pre-fill data from Mint, skipping through
additional account creation and data entry, greatly reducing the
time it takes for a homeowner to easily apply for a refinance.
Thanks to Rocket Mortgage's streamlined process, and the connection
to user information in Mint, homeowners can be approved and lock-in
mortgage rates in as few as eight minutes instead of days or
weeks.
"Mint users are financially savvy and keenly aware of their
finances – with many using the app to make smart decisions for
themselves and their families. These are the consumers who will
realize they could free up much needed monthly cash flow with a
refinance to today's low mortgage rates," said Tim Birkmeier,
Chief Revenue Officer of Rocket Mortgage. "Partnering with Intuit
to offer the Rocket Mortgage experience right inside the Mint app
is a monumental step for our Rocket Mortgage-as-a-service
technology and, more importantly, a great opportunity to vastly
improve users' finances."
This new feature is currently available exclusively to Mint
users who are seeking to refinance their mortgage. A purchase
mortgage experience is expected in the near future. To learn more
or get started with Mint, please visit www.mint.com.
About Intuit:
Intuit's mission is to power prosperity around the world. We are
a mission-driven, global financial platform company with products
including TurboTax, QuickBooks, Mint and Turbo,
designed to empower consumers, self-employed and small businesses
to improve their financial lives. Our platform and products help
customers get more money with the least amount of work, while
giving them complete confidence in their actions and decisions. Our
innovative ecosystem of financial management solutions serves more
than 50 million customers worldwide. Please visit us for the latest
news and in-depth information about Intuit and its brands and
find us on social.
About Quicken Loans / Rocket Mortgage
Detroit-based Quicken Loans,
the nation's largest home mortgage lender, enables the American
Dream of homeownership and financial freedom through its obsession
with an industry-leading, digital-driven client experience. The
company closed $145 billion dollars
of mortgage volume across all 50 states in 2019. In late 2015,
Quicken Loans introduced Rocket Mortgage, the first fully digital
mortgage experience. Currently, 98% of all home loans originated by
Quicken Loans utilize Rocket Mortgage Technology.
Quicken Loans moved its headquarters to downtown Detroit in 2010. Today, Quicken Loans and the
Rock Family of Companies employs more than 19,000 full-time team
members in Detroit's urban core.
The company generates loan production from web centers located in
Detroit, Cleveland and Phoenix and operates a centralized loan
processing facility in Detroit.
Quicken Loans ranked highest in the country for customer
satisfaction for primary mortgage origination by J.D. Power for the
past 10 consecutive years, 2010 – 2019, and also ranked highest in
the country for customer satisfaction among all mortgage servicers
the past seven consecutive years, 2014 – 2020.
Quicken Loans was once again named to FORTUNE magazine's "100
Best Companies to Work For" list in 2020 and has been included in
the magazine's top 1/3rd of companies named to the list for the
past 18 consecutive years. In addition, Essence Magazine named
Quicken Loans "#1 Place to Work in the Country for African
Americans."
For more information and company news
visit QuickenLoans.com/press-room.
About Rocket Companies
Rocket Companies (NYSE: RKT) is a Detroit-based holding company consisting of
personal finance and consumer service brands including Rocket
Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central,
Amrock, Core Digital Media, Rock Connections, Lendesk and Edison
Financial. Since 1985, Rocket Companies has been obsessed with
helping its clients achieve the American dream of home ownership
and financial freedom. Rocket Companies offers an industry-leading
client experience powered by our simple, fast, and trusted digital
solutions. Rocket Companies has 20,000 team members across
the United States. Its flagship
company, Rocket Mortgage, has been named to Fortune magazine's list
of "100 Best Companies to Work For" for 17 consecutive years.
View original
content:http://www.prnewswire.com/news-releases/mint-and-rocket-mortgage-reveal-new-technology-to-foster-the-next-generation-of-financial-empowerment-301152243.html
SOURCE Rocket Mortgage
