Rocket: Redfin acquisition will cut consumer transaction costs by half
Rocket executives say unifying home search, buying, selling, mortgage, title and servicing could net $20K in savings — which might allay antitrust concerns and keep RESPA regulators at bay
by Matt Carter Mar 11
Krishna, Kelman dish on the future of 'the Rocket-Redfin experience’
Rocket CEO Varun Krishna and Redfin CEO Glenn Kelman share why they've agreed to merge as part of a $1.75B acquisition. AI, data and a complete consumer experience were at the center
by Taylor Anderson Mar 11
Rocket Companies to purchase Redfin in $1.75B all-stock deal
This acquisition will integrate Redfin's home search platform, which features over 1M listings and a network of 2,200 agents, with Rocket Companies' mortgage origination and servicing
by Richelle Hammiel Mar 10
US home lending giant Rocket Mortgage bidding Canada adieu
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
by Matt Carter Mar 7
Rocket's $649M Q4 profit puts the company in the black for 2024
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
by Matt Carter Feb 28
Rocket consolidates home search, mortgage with Rocket.com launch
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
by Matt Carter Jan 22
The CEOs in the spotlight at Inman Connect New York
At ICNY, they’ll share their journeys to the top, their secrets to success, and what’s next for their companies — and the wider landscape — as we chart the course forward in an evolving industry
by Inman Jan 17
Rocket lays groundwork for Super Bowl ads with 'brand restage'
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'
by Matt Carter Jan 14
Rocket is deploying scalable AI across an entire fintech platform
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
by Matt Carter Dec 26
Inman Connect New York Power Players: Spotlight on the C-Suite 
At Inman Connect New York this January, we'll bring together an unprecedented number of C-suite heavyweights for a meeting of the minds as leaders, innovators, industry disruptors converge
by Inman Dec 23
Rocket boosts market share, posts $481M Q3 loss on writedowns
Looking beyond paper writedowns in the fair value of its mortgage servicing rights, CEO Varun Krishna is pleased as Q3 mortgage originations climb 28% from a year ago
by Matt Carter Nov 12
Rocket hires Venmo, PayPal vet to lead product engineering teams
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
by Matt Carter Oct 7
Dan Sogorka tapped to grow Rocket's wholesale channel
In a newly created role at Rocket Pro TPO, the former Sagent CEO is tasked with winning more business from mortgage brokers by leveraging Rocket's data, technology and AI capabilities
by Matt Carter Sep 3
Gains and losses amid market shifts: Q2 2024 earnings
The Q2 earnings are in: From Zillow’s revenue boost to RE/MAX’s struggles, here's the breakdown of who's up and who's down
by Jessi Healey Aug 15
Rocket says AI helping it grow capacity and keep expenses flat
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'
by Matt Carter Aug 1