Rocket Mortgage and Quicken Loans are, in fact, the same company. Rocket Mortgage is the current, official brand name for the mortgage lending services previously offered by Quicken Loans. Therefore, the question isn't about which of two separate entities is better, but rather about the strengths of the single, rebranded entity known as Rocket Mortgage.
Understanding the Relationship
Quicken Loans, a prominent name in the mortgage industry for many years, rebranded its mortgage origination business to Rocket Mortgage. This change unified their digital-first approach and services under a single, well-recognized brand. When you're looking for mortgage services today, you'll be interacting with Rocket Mortgage, which continues the legacy of Quicken Loans' operations.
Why Rocket Mortgage Stands Out
Rocket Mortgage has established itself as a leading mortgage lender, particularly for its streamlined online process and strong customer service.
A Top-Tier Lender
Rocket Mortgage is widely recognized as a robust lender in the general mortgage market. It is often highlighted as a top choice, even considered a "best overall" pick for those seeking mortgage refinance lenders. This reputation stems from its comprehensive offerings and efficient service.
Ideal for Digital-Savvy Borrowers
If you prefer managing your finances and applications online, Rocket Mortgage is an excellent fit. Its platform is designed for a comfortable and intuitive digital application experience, making the process accessible from anywhere.
Credit Score Considerations
For individuals with a good credit score, Rocket Mortgage presents a strong option. Lenders typically favor applicants with solid credit profiles, and Rocket Mortgage is well-suited to serve these borrowers with competitive offerings.
Name Evolution
To clarify the relationship, consider the following:
| Former Name | Current Name |
|---|---|
| Quicken Loans | Rocket Mortgage |
In essence, when you're considering Rocket Mortgage, you are evaluating the modern iteration of what was formerly known as Quicken Loans, a strong and digitally-focused lender.
