Tag Archives: Rocket Homes

Compass posts ‘strongest Q4 results in our history,’ but feels the weight of merger costs

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Despite gains in revenue, agent count and gross transaction value, Compass also grappled with a $42.6 million net loss in Q4. Continue reading →

Rocket seeing ‘awesome early data’ from Redfin acquisition

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CEO Varun Krishna says lender has already seen a surge in leads and higher conversion rates from the Redfin deal, thanks to “cross pollination” of leads, agent referrals and mortgage applications. Continue reading →

Rocket’s $649M Q4 profit puts the company in the black for 2024

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In a difficult year for real estate, Rocket Mortgage grew closed loan volume by 29 percent, to $101.2 billion, and higher profit margins on those loans helped boost net revenue by 34 percent, to $5.1 billion. Continue reading →

Rocket Homes off the hook as Trump’s CFPB drops lawsuits

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RESPA complaint that accused Rocket Homes of favoring real estate agents who steered clients to Rocket Mortgage is dismissed “without prejudice” by CFPB’s new leadership. Continue reading →

Ted Cruz aims to defund CFPB with implications for lender oversight

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Although the agency was created by Democrats in an effort to protect consumers from abusive financial practices, it has continued to be viewed by Republicans as an unchecked power Continue reading →

Rocket consolidates home search, mortgage with Rocket.com launch

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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. Continue reading →

Rocket accused of using ‘kickback scheme’ to attract more borrowers

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The Consumer Financial Protection Bureau claims Rocket gave real estate agents incentives to steer consumers away from other companies. Rocket calls the allegations a “lie” and political ploy. Continue reading →

2024 Inman Innovator Awards finalists unveiled ahead of ICLV

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Awarded since 1998, the Inman Innovator Awards honor the thought leaders making new visions of real estate a reality. Winners will be announced live at Inman Connect Las Vegas, July 30-Aug 1. Continue reading →

Rocket Homes tech chief unpacks ‘Explore Spaces’ visual search tool

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Rocket Homes Chief Technology Officer John Fair told Inman the tool has already resulted in users spending nearly twice as long on the lender’s website and returning six times more frequently. Continue reading →