Canadian mortgage strategist blames the country's securitization market, which allows the country's 6 biggest banks to sell mortgages to investors but is closed to smaller lenders
In a difficult year for real estate, Rocket Mortgage grew closed loan volume by 29%, to $101.2B. Higher profit margins on those loans helped boost net revenue by 34%, to $5.1B
Announced Wednesday, Rocket's new domain targets high-intent homebuyers by utilizing AI to provide around-the-clock support, answer questions and keep clients and agents informed
In addition to subtle tweaks to the company's logo and other details, brand revamp is aimed at positioning Rocket as a fintech platform supporting an 'end-to-end homeownership experience'
Ahead of his Connect NYC appearance, CEO Varun Krishna details the mortgage giant's ambitious goals to grow its purchase loan business in 2025 by building closer ties to real estate agents
The Consumer Financial Protection Bureau claims Rocket gave real estate agents incentives to steer consumers away from other companies. Rocket calls the allegations a 'lie' and political ploy
The awards recognize over 150 individuals and their companies for their innovation and impact in the mortgage and financial services spaces
Qualcomm and Intel veteran Shawn Malhotra comes to Rocket from Thomson Reuters where, as head of engineering, he helped develop a cloud-based, API-driven generative AI platform
On its quest to reclaim the title of nation's biggest mortgage lender, Rocket didn't sacrifice profits, generating $291M in net income as revenue grew 107% from a year ago, to $1.38B
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
Detroit-based mortgage giant returned to profitability during the spring homebuying season by slashing costs and boosting its market share in the face of severe inventory shortages
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
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
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
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