Rocket, UWM cut a combined 9,500 positions in 2022, new filings show
Companies say that instead of laying off workers, they're trimming their payrolls through attrition or by offering voluntary buyouts
by Matt Carter Mar 3
Rocket CEO Jay Farner, who led company's 2020 IPO, retiring June 1
Former Rocket Mortgage CEO Bill Emerson will serve as the company's interim CEO and fill the board vacancy while its board of directors conducts a search for a permanent leader
by Matt Carter Feb 14
Rocket promotes from within, names new CFO and general counsel
Brian Brown and Tina John are tapped to fill openings created by the retirement of two top executives, Julie Booth and Angelo Vitale
by Matt Carter Oct 4
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 Mortgage customers offered free premium Truebill accounts
Rebranding and tighter integration of Truebill into Rocket platform is part of a broader effort to transform the company's stable of more than a dozen brands into a fintech platform
by Matt Carter Jul 20
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