'The reason that we are so obsessed with this technology is because it helps us with every single aspect of our business,' Rocket CEO Varun Krishna says in detailing how AI will power growth
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
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
Papanii Okai will help the mortgage giant harness artificial intelligence and build out the fintech platform that connects its real estate, credit card and personal finance subsidiaries
With Q2 2024 net income up 28% to $178M, CEO Varun Krishna says Rocket is making 'significant investments in data leadership and infrastructure' and partnering 'with the best in the industry'
Creating leverage through technology has never been easier, Jimmy Burgess writes. He give a list of apps that are so hot, you have to have them for your business
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
The mortgage lending giant's board of directors has been expanded from 7 members to 8 to accommodate the move. Krishna's term will expire at the company's 2026 annual meeting
In a bold move demonstrating mortgage is just 1 component of a larger fintech strategy, Rocket names former Intuit, PayPal and Microsoft exec to succeed interim CEO Bill Emerson on Sept. 5
In addition to paying high rates on any balances they carry, customers will find that their rewards points are worth much less if they don't choose Rocket Mortgage to finance their home
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