Instabase Helps Rocket Mortgage Enhance Loan Approvals and Client Experience Through Artificial Intelligence [Yahoo! Finance]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Yahoo! Finance
a partnership with Rocket Mortgage , America's largest retail mortgage lender and a part of Rocket Companies (NYSE:RKT). The partnership helps Rocket Mortgage facilitate data extraction and automation from the 1.5 million documents the lender receives each month. "We're thrilled to partner with Rocket Mortgage that is constantly challenging the status quo for something as important as homeownership," said Clemens Mewald, Head of Product for Instabase. "We are proud to offer cutting-edge AI solutions to our partners that can be applied to improve efficiencies, like extracting data to save hours of time for mortgage loan officers and underwriters." The mortgage process is historically lengthy, complex and not conducive to automation. Traditional automation tools could not solve these problems because they struggle to maintain high variability and accuracy, especially when deciphering unstructured data trapped in complicated documents – a common occurrence in the mortgage industry. R
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News
- Mortgage Interest Rates Today, June 28, 2024 | Rates Are the Lowest They've Been Since April [Business Insider]Business Insider
- Mortgage Interest Rates Today, June 27, 2024 | Rates Hold Relatively Steady [Business Insider]Business Insider
- Instabase Helps Rocket Mortgage Enhance Loan Approvals and Client Experience Through Artificial IntelligenceBusiness Wire
- The Jeep® Wagoneer S Launch Edition Makes First Public Appearance at the Rocket Mortgage Classic in Detroit from June 25 - June 30 [Yahoo! Finance]Yahoo! Finance
- Mortgage Interest Rates Today, June 23, 2024 | Rates Remain Under 7% [Business Insider]Business Insider
RKT
Earnings
- 5/2/24 - Beat
RKT
Sec Filings
- 6/28/24 - Form 4
- 6/26/24 - Form 4
- 6/26/24 - Form 8-K
- RKT's page on the SEC website