Tag Archives: Rocket Mortgage

Mortgage Coach and Sales Boomerang merge under new CEO

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Richard Harris, a veteran of SparkPost, Oracle and AddThis, will lead the merged company, which said it will employ 144 people with no layoffs anticipated. Continue reading →

Rocket says it’s preparing for further declines in mortgage profits

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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

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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 →

Inman announces first round of exhibitors for ICNY22

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Inman Group® announced 31 exhibitors for Inman Connect in New York, April 19 – 21, 2022. It’s the 25th anniversary of these events. Continue reading →

Pennymac lays off 236 workers after upping tech, marketing investments

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The layoffs come as Pennymac ups its investment in technology and marketing to help it do more business directly with consumers and mortgage brokers. Continue reading →

Rocket acquires personal finance app Truebill in $1.275B deal

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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 →

Survey: Mortgage refi crush exposed dangers of digital-heavy approach

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Digital self-service combined with live personal service is key to retaining younger mortgage customers, J.D. Power concluded, with faster approval times demonstrating that the application and approval process “still requires some level of human intera… Continue reading →

Ocrolus will help Blend automate mortgage doc processing

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Cloud banking software provider Blend is turning to automation platform Ocrolus to help it classify documents and capture data submitted with mortgage applications. Continue reading →

Rocket Mortgage’s profits slip in Q3 as it pivots to lending to homebuyers

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Rocket Mortgage is targeting homebuyers more aggressively in marketing campaigns designed to bring consumers directly to its website. Continue reading →