The mortgage lending giant’s board of directors has been expanded from seven members to eight to accommodate the move. Krishna’s term will expire at the company’s 2026 annual meeting. Continue reading
Changing of the guard demonstrates mortgage is just one component of a larger fintech strategy, with former Intuit, PayPal exec set to succeed interim CEO Bill Emerson on Sept. 5. Continue reading
CEO Jay Farner says purchase pipeline has been growing, but constrained housing inventory and affordability present ongoing challenges. Continue reading
Rocket reported a $493 million fourth-quarter net loss even after slashing expenses by $202 million from the third quarter as revenue fell 81 percent from a year ago to $481 million. Rocket executives say they’re focused on growing the company’s share … Continue reading
Former Rocket Mortgage CEO Bill Emerson will serve as the company’s interim CEO while its board of directors conducts a search for a permanent leader. Continue reading
With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73 percent from a year ago, to $23.7 billion. Continue reading
After initial focus on mortgages, Rocket Rewards will be expanded to provide discounts on other “ecosystem” offerings including personal loans and solar panels. Continue reading
Brian Brown and Tina John are tapped to fill openings created by the retirement of two top executives, Julie Booth and Angelo Vitale. Continue reading
Lenders can integrate Rocket Mortgage’s digital mortgage application into an online banking platform developed by Q2 Holdings Inc. Continue reading
In addition to shedding workers, the parent company of the nation’s biggest lender trimmed marketing, production and other vendor-related costs to beat cost-cutting goal, according to an earnings report Thursday. Continue reading