New Amrock Technology Enables Consumers to Close Mortgages from Mobile Devices

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Amrock, a title insurance, property valuations and settlement services provider and a part of Rocket Companies, has introduced a proprietary technology to electronically close mortgage transactions entirely from a mobile device. This new product represents the final step in Rocket Companies’ creation of a seamless, end-to-end real estate experience clients can use to go from application to closing on the iPhone or Android phone they use every day.

Rocket Companies, through its Rocket Mortgage brand, offers a completely digital home loan experience for consumers, including the ability to apply, receive approval and lock their rate for a mortgage – all from their smart phone. Now, through Amrock’s technology, clients can close on a mortgage by connecting with the closing agent or notary from a mobile device.

“Our company has always been focused on meeting our clients wherever they may be, but we were limited by the industry’s standards for closing mortgages,” says Nicole Beattie, CEO of Amrock. “That was the driving force behind Amrock creating this technology, providing the ability to close mortgages for a spouse traveling for work, a military member serving away from home or countless other real-world scenarios. Rocket Mortgage pioneered getting a mortgage online from a smart phone – now, Amrock is providing the final piece of the puzzle for a complete mobile mortgage experience.”

Amrock’s mobile closing capability is part of the Rocket Platform through which clients can search for a home with Rocket Homes, get a home loan from Rocket Mortgage, eClose on their mortgage through Amrock via Remote Online Notarization (RON), In-Person Electronic Notarization (IPEN) or a Hybrid eClosing, and now, can close on their mortgage completely from a smart phone. Clients that prefer to keep some elements of their home loan journey non-electronic can still choose to do so.

“Our mission at Rocket Companies is to simplify life’s most complex moments so our clients can live their dream, and we’ve delivered yet again on our vision to create a seamless real estate experience by being the first-ever to revolutionize the closing process,” comments Jay Farner, CEO of Rocket Companies. “In addition to new mobile capabilities, clients can now move from mortgage processing with Rocket Mortgage to closing with Amrock through a single sign-on feature – a seemingly small, yet significant example of how the Rocket Platform removes friction every step of the way for consumers.”

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