Rocket Mortgage Canada, a digital mortgage broker and part of Rocket Companies (NYSE: RKT), has expanded its operations to become a mortgage lender.
The company is currently offering its own mortgage products in Ontario, where it is headquartered, and plans to expand to the other provinces in the coming weeks. In addition to providing a home loan, the company will match clients with a real estate agent, an insurance provider, a lawyer and other vendors in the home buying process. It will also continue to operate as a mortgage broker and will offer options from other lender partners.
“The Rocket Mortgage brand is synonymous with innovation. For too long Canadian homebuyers have endured an inefficient and old way of financing a home that we are eager to transform,” said Hash Aboulhosn, president of Rocket Mortgage Canada. “As a lender, we are now able to impact every part of the home loan experience – from working with a mortgage agent to find the right mortgage for you, to easily submitting the application, through approval and closing. Because of this, our clients will have the best journey possible and get the keys to their new home quickly.”
