Tag Archives: Rocket Cos.

Rocket CEO Jay Farner, who led company’s 2020 IPO, retiring June 1

By | | Uncategorized
Comments Off on Rocket CEO Jay Farner, who led company’s 2020 IPO, retiring June 1

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 →

Rocket’s profits down 93% as mortgage originations fall

By | | Uncategorized
Comments Off on Rocket’s profits down 93% as mortgage originations fall

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 →

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

By | | Uncategorized
Comments Off on 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 and Wells Fargo eye buyouts and layoffs in face of rising rates

By | | Uncategorized
Comments Off on 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 →

Rocket acquires personal finance app Truebill in $1.275B deal

By | | Uncategorized
Comments Off on Rocket acquires personal finance app Truebill in $1.275B deal

The acquisition could not only help Rocket boost its purchase loan business, but provide a steady source of revenue that’s not tied to the cyclical ups and downs of real estate. Continue reading →

Why Lower.com is about much more than mortgage rates

By | | Uncategorized
Comments Off on Why Lower.com is about much more than mortgage rates

There’s a backstory to Lower that explains why the company believes it can position itself as not just a lender, but “Everything for your home, for Lower.” Continue reading →