Mortgage Loan Specialists history

From 1933 to the end of the ‘80s, the government worked within the mortgage industry to create a sustainable, secure way for Americans to obtain mortgages:

1938: Fannie Mae was created.

In 1968, the Government National Mortgage Association (Ginnie Mae) was founded as a part of the United States Department of Housing and Urban Development (HUD). Its purpose was to promote affordable homeownership by guaranteeing mortgages for single or multi-family homes.

1970: Freddie Mac was created.

1980: Adjustable Rate Mortgages (ARMs) were created.

June 1985 – Dan Gilbert founded Rock Financial, which would become known as Rocket Mortgage, in 1985.

Before 2007, this form was not always required.

The company significantly entered the mortgage servicing business, announcing it had built an $80 billion – and growing – servicing portfolio as of the end of calendar year 2012.

The company became the nation’s largest mortgage lender in the 4th quarter of 2017 – a title it still holds.

In 2020, the tournament introduced the Changing the Course initiative to bridge the digital divide in the city and bring access to the internet and devices to all Detroiters.

As of April 2021, the company has ranked in the top one-third of the list for 18 consecutive years.