US home lending giant Rocket Mortgage bidding Canada adieu

Canadian mortgage strategist blames the country’s securitization market, which allows the country’s six biggest banks to sell mortgages to investors but is closed to smaller lenders. Continue reading

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

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 consolidates home search, mortgage with Rocket.com launch

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

The CEOs in the spotlight at Inman Connect New York

Inman Connect New York is renowned for gathering the brightest minds in real estate, offering unparalleled access to expert insights and networking opportunities. This January, join industry leaders at the Hilton Midtown for transformative discussions … Continue reading

Rocket is deploying scalable AI across an entire fintech platform

Ahead of his Connect NYC appearance, CEO Varun Krishna details the mortgage giant’s ambitious goals to grow its purchase loan business in 2025 by building closer ties to real estate agents and mortgage brokers. Continue reading

Inman Connect New York Power Players: Spotlight on the C-Suite 

Inman Connect New York is renowned for gathering the brightest minds in real estate, offering unparalleled access to expert insights and networking opportunities. This January, join industry leaders at the Hilton Midtown for transformative discussions … Continue reading

Rocket hires Venmo, PayPal vet to lead product engineering teams

Papanii Okai will help the mortgage giant harness artificial intelligence and build out fintech platform connecting its real estate, lending and personal finance subsidiaries. Continue reading

Dan Sogorka tapped to grow Rocket’s wholesale channel

In a newly created role at Rocket Pro TPO, the former Sagent CEO is tasked with winning more business from mortgage brokers by leveraging Rocket’s data, technology and AI capabilities. Continue reading

Rocket says AI helping it grow capacity and keep expenses flat

With second quarter net income up 28 percent to $178 million, CEO Varun Krishna says Rocket is making “significant investments in data leadership and infrastructure.” Continue reading