Airbnb vet Jonathan Mildenhall to unify Rocket’s marketing efforts

The company’s first group CMO will be responsible “for creating a unified and compelling voice for all businesses” under the Rocket umbrella, including Rocket Mortgage, Rocket Homes and Rocket Money. Continue reading

Rocket’s new CEO Varun Krishna takes seat on board of directors

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

Rocket Homes app puts listings on your car’s infotainment screen

Integration with Apple CarPlay turns the commute “into an exciting and natural part of the homebuying journey” — unless you drive a Tesla. Continue reading

Automating verifications lets loanDepot OK loans in minutes

After months of beta testing, the melloNow underwriting engine can analyze credit reports, detect fraud, and validate income and employment data without human assistance. Continue reading

First-timers ‘significantly’ less satisfied with mortgage lenders

Homebuyers don’t just want good rates, they want lenders to solve problems that will keep them from getting to the closing table, J.D. Power finds. Continue reading

WSJ eyes Mat Ishbia’s quest to be ‘king of mortgages and basketball’

“The Wall Street Journal” alleges UWM CEO and Phoenix Suns owner is “charting a risky path in both business and sports,” but the Ishbia family is raking in hundreds of millions of dollars in profit even when the company is losing money. Continue reading

Tough times for mortgage lenders? UWM hired 1,000 employees in Q3

While others are downsizing, the nation’s biggest mortgage lender is investing in new technology and hiring new team members to be prepared if mortgage rates come down and business booms. Continue reading

Rocket stays profitable in Q3 but still in the red for the year

Cost-cutting helped the mortgage lending giant rack up its second consecutive profitable quarter, but at $61.45 billion, mortgage originations for the year to date are down 46 percent from a year ago. Continue reading

Rocket subsidiary Lendesk launches mortgage AI assistant

Lender Spotlight AI Assistant sifts through the finer points of more than 7,000 mortgage options to help brokers identify the right product and answer clients’ questions. Continue reading

More lenders raise their conforming loan limit to $750K

Following Rocket’s lead, UWM and Guaranteed Rate say they’ll price mortgages of up to $750,000 as if they’re eligible for purchase by Fannie Mae and Freddie Mac in anticipation of expected 2024 increases. Continue reading