Competitors such as Quicken Loans expand market share by leveraging technology and big-ticket advertising.
In a Q&A, Rocket Mortgage’s product lead offers insight into the credit union competitor’s strategy.
Growth in nonbank mortgages in California outpaces the nation.
As large banks exit the mortgage business, credit unions have an opportunity to fill the void.
Quicken Loans, the nation's second largest home mortgage lender, reported the week of Nov. 10 that home values in most of the nation's major metropolitan areas continued to increase in October, rising an average of more than 2% from September to October of this year.
Having innovative products and services is one key way to stay ahead of the competition.
After roughly a year in partnering with financial institutions to offer mortgages, Quicken Loans reports that a significant number of CUs have opted to use its mortgage platform for their mortgage lending needs.
Company reports that credit unions are among its biggest producers.