Rocket hires first group CTO to accelerate AI development

Qualcomm and Intel veteran Shawn Malhotra comes to Rocket from Thomson Reuters where, as head of engineering, he helped the global media giant develop a cloud-based, API-driven generative AI platform. Continue reading

Rocket hires first group CTO to accelerate AI development

Qualcomm and Intel veteran Shawn Malhotra comes to Rocket from Thomson Reuters where, as head of engineering, he helped the global media giant develop a cloud-based, API-driven generative AI platform. Continue reading

Rocket’s new loyalty program furthers lender’s fintech strategy

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

Rocket Mortgage customers offered free premium Truebill accounts

The rebranding and tighter integration of Truebill into the Rocket platform is part of a broader effort to transform the company’s brands into a fintech platform. Continue reading

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 $180 million per year, according to a Q1 earnings call on Tuesday. Continue reading

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 percent of its workforce while Wells Fargo confirmed with Inman that it laid off employees last week. Continue reading