Shares in Rocket up after hours as investors roll with $233M Q4 loss
Mortgage giant reports positive adjusted earnings for the third consecutive quarter, 'despite some of the most difficult industry conditions in three decades,' CEO Varun Krishna says 
by Matt Carter Feb 22
Fully digitized closings can save lenders more than $400 per loan
New Snapdocs research taps data from 25 lenders employing 3 levels of digitization and finds often overlooked secondary market efficiencies account for about 80% of savings
by Matt Carter Mar 28
Amrock aims to offer smartphone closings everywhere they're allowed
The Rocket Companies subsidiary will roll out mobile eClosings for purchase loans by the end of 2022, an indication the practice of attending a closing in person may soon be coming to a close
by Matt Carter Sep 19
Rocket says it's preparing for further declines in mortgage profits
Buyout offers to approximately 2,000 workers are expected to save nation's biggest mortgage lender roughly $180M per year, according to a Q1 earnings call on Tuesday
by Matt Carter May 11
Rocket and Wells Fargo eye buyouts and layoffs in face of rising rates
Rocket Mortgage and Amrock, Rocket’s title and settlement company, are offering buyouts to 8% of its workforce while Wells Fargo confirmed with Inman that it laid off employees last week
by Matt Carter Apr 28
Rocket shuffles leadership and repositions as a fintech platform
As interest rates rise, the largest US mortgage lender bills itself as more than home loan provider
by Matt Carter Jan 12
Rocket acquires personal finance app Truebill in $1.27B deal
The acquisition gives Rocket an inside track to market real estate services, mortgages and other loans to Truebill's 2.5M members
by Matt Carter Dec 20
Rocket Mortgage's profits slip in Q3 as it pivots to lending to homebuyers
Nation's biggest mortgage lender growing partnerships with real estate agents, mortgage brokers, banks, and credit unions
by Matt Carter Nov 5
United Wholesale Mortgage to launch in-house appraisal capability
The service, UWM Appraisal Direct, will be optional and mortgage brokers will still have the option to choose from about 100 UWM-approved appraisal management companies
by Matt Carter Sep 15
Partners help Rocket Mortgage break purchase loan record in Q2
Rocket Mortgage posted its best quarter ever for purchase loan originations during the 3 months ending June 30, according to second-quarter earnings figures released Thursday
by Matt Carter Aug 13
HouseCanary is now suing Quicken Loans directly for theft of trade secrets
After winning $706M in a related case, the appraisal tech startup is going after a bigger target
HouseCanary wins $706M after getting sued by Quicken Loans affiliate
Jury sides with real estate appraisal software startup in lawsuit over trade secrets and fraud
by Emma Hinchliffe Mar 15