Just got this notification today that Amrock is rebranding itself.
"Hello Signing Agents!
We’re thrilled to share some exciting news with you. As part of our commitment to growing and evolving within Rocket Companies®, Amrock will rebrand to Rocket Close in Spring 2025."
I wonder if this is due to the negative publicity and legal problems Rocket Mortgage is currently dealing with recently. " CFPB Files Lawsuit to Stop Illegal Kickback Scheme to Steer Borrowers to Rocket Mortgage" and " Justice Department Sues Rocket Mortgage, Appraisal Management Company and Appraiser for Race Discrimination in Mortgage Refinance Application".
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Another leopard trying to change its spots?
I was recently advised by Amrock they have too many mobile notaries in my region and because I don’t do RON I’m not ranked high as a prospective.
Yes I think it is, I was closing for them when they changed to rocket mortgage prior was quicken… a re-brand after the huge misappropriation of loans.amazing what CEO’s get away with… I knew when a few months back all of a sudden Amrock was slow, then I started seeing their closings on other platforms.
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Aren’t their origination fees very high? I’ve had signers say before they weren’t going with them because it was too expensive. I missed my chance to be on board with them when I was too busy to fill out the application. Ever since then they advise me they are saturated in my area. One very good company used to specialize in their loans but rarely paid over $75 per signing. During Covid they were forced to up their fees and they went out of business, or stopped being a contender in 2021. I was sorry to see them go.
Rocket Mortgage isn’t going anywhere, just rebranding their name.
