Rocket Mortgage - 114 Competitors and alternatives in Aug 2024 - Tracxn (2024)

Loan Depot is a direct lender for consumer loans including personal loans, home loans and home equity loans. It offers unsecured personal loans of up to $35,000 with interest rate starting at 6.2%. It also extends home acquisition and refinancing loans such as ARM Loans, FHA Loans, HARP Loans, Jumbo loans, VA Loans and fixed mortgages. The company also plans to start home equity offering between $25,000 and $250,000 for a fixed term of up to 30 years.

App-based platform for residential mortgage loans. It enables consumers to obtain loans for purchasing residential properties with customized terms, amounts, and repayment options. It offers multiple loan types including conventional loans, fixed and adjustable-rate mortgages, FHA loans, VA loans, and more. It features AI-based insights and recommendations on debt repayment, lowered mortgage payments, and more. The application is available on Android and iOS platforms.

Loan origination solutions for mortgage lenders. It features customer engagement, digital lending, insights into the information of borrowers, the configuration of workflows, and more.

Provider of an online lending platform for mortgage loans. It enables users to build and modify their mortgage loans. Loan programs and availability of cash proceeds are subject to credit, underwriting, and property approval. Loan amount is transferred to the user's registered bank account. It also provides mortgage refinance loans.

Online lending platform for residential mortgage loans. Users need to apply for cash via its online application portal, and upon credit assessment, it offers borrowers home loan options with multiple price ranges. It also allows buyers' agents to close multiple mortgage deals by buying cash on behalf of borrowers and upon confirmation, the agents are able to close multiple loan deals. It also allows home sellers to post residential real estate offers on the platform to provide home financing solutions to borrowers.

Eave is a direct lender offering mortgages to home buyers in Colorado. Compared to traditional lenders, the application process is shorter. The online application takes 30 minutes, and the applicants receive an Eave pre-approval within 30 days. The pre-approval comes with certainty, and lets buyers shop with confidence. Once deal is finalized, the loans are funded within 21 days. There is no need for an office visit in the pre-approval process as the platform digitially verifies the assets through its network.

Lenda (formerly GoRefi) is an alternate lending platform that gives home owners the option to refinance their mortgage. Home-owners needs to enter a few details along with their zipcode to attain a valuation of their homes. Lenda then uses its proprietary algorithm to recommend the optimal refinancing option for the case. The platform claims to have expedited the process of refinancing a mortgage and also reduce the cost involved.