RocketLoans
 | |
| Private | |
| Industry | Personal Finance |
| Headquarters | Detroit, Michigan |
Key people |
Todd Lunsford, CEO Mark Acchione, Chief Investment Officer, EVP Bill Parker, Chief Technology Officer, EVP Colin Darke, Chief Compliance Officer, EVP Alexis Alan, VP of Operations |
| Products | Personal Loans |
| Website | https://www.rocketloans.com/ |
RocketLoans is an American personal loan company. Borrowers request loans, and if they qualify can receive anywhere from $2,000-$35,000. RocketLoan's unsecured personal loans are fully amortized over a period of three to five years, with no pre-payment penalties. RocketLoans generates revenue by collecting a one-time fee on funded loans from borrowers and assessing an annual loan servicing fee to investors.
Founded in 2015 and headquartered in Detroit, Michigan, the company is part of Rock Ventures "family" of companies that include the Cleveland Cavaliers, Quicken Loans, Fathead and Genius.
References
- Tribune, Chicago. "Online mortgage lender Quicken expanding into personal loans with RocketLoans".
- Hall, Phil (2 February 2016). "Quicken Loans Offshoot Enters Consumer Lending Market".
- "Is Quicken Loans branching into personal loans?".
- "Quicken Loans getting into personal loans".
This article is issued from Wikipedia - version of the 10/9/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.