Both companies have invested heavily in AI. But while Rocket consistently earns high marks for loan servicing, Mr. Cooper's J.D. Power rankings have been subpar for more than a decade
After turning a $198M Q2 profit, CEO Jay Bray says the loan servicing giant intends to 'hit the ground running' with integrated platform when it merges with Rocket Companies later this year
Nation's largest loan servicer turned an $88M Q1 profit and remains on track to be acquired by Rocket in Q4, a deal that's prompted United Wholesale Mortgage to cut ties to Mr. Cooper
Deal to acquire Flagstar’s mortgage servicing business later this year is projected to grow Mr. Cooper's customer base to nearly 7M and servicing portfolio to $1.59T
Sridhar Sharma, credited with developing Mr. Cooper's patented AI, has been promoted to a new role, and 3 new technology leaders are coming on board from other companies
The bank's new marketing campaign creates boards of potential renovations and then offers financing options