By KIMBERLEY HAAS Rocket Companies has been hiring high-level technology leaders as the fintech platform builds and implements AI-powered products. The newest addition is Papanii Okai, Venmo’s chief technology officer and former PayPal technology executive. Okai was named executive vice president of product engineering effective Oct. 7. In this newly created role, Okai will work…
By KIMBERLEY HAAS During the first Investor Day held by Rocket Companies, Founder Dan Gilbert shared his vision for the Detroit-based fintech platform. During an on-stage chat with President Bill Emerson, Gilbert said the influence of the internet became clear in the 1990s and since mortgages are not a physical item, it was obvious to him…
By ERIN FLYNN JAY The author of a new book says commercial real estate owners need to be forward-thinking if they are going to remain relevant. Joe Brady is the former head of real estate for Walgreens and served as CEO of Americas at The Instant Group, a global leader in agile and flexible workspace, development,…
By KIMBERLEY HAAS Leaders at United Wholesale Mortgage are doubling down on accusations that an explosive report released last week by Hunterbrook Media is inaccurate and tied to their main competitor, Rocket Mortgage. Authors of the report, published on April 2, claimed that $39 billion in mortgages were referred to UWM by independent brokers who…
By KIMBERLEY HAAS Leaders at United Wholesale Mortgage are lashing out after a bombshell report that was followed up with a consumer class action lawsuit filed on behalf of borrowers. Hunterbrook Media published the report on Tuesday, which claimed that $39 billion in mortgages were referred to UWM by independent brokers who sent more than…
United Wholesale Mortgage and its CEO Mat Ishbia are under fire with accusations that the company’s independent brokers aren’t independent after all. A report from Hunterbrook Media makes the claim that at least $39 billion in mortgages were referred to UWM by brokers who refer more than 99% of their business to UWM, throwing these…
Tim Birkmeier, Rocket Mortgage president, is retiring from the company and the industry altogether. After nearly three decades with Rocket, Birkmeier announced his leaving in a LinkedIn post. “As I move on to the next chapter in my life, I hope to have proven to those at RKT what can be accomplished when you are…
By KIMBERLEY HAAS After a 27-year career, Rocket Companies CEO Jay Farner is retiring this week and he will be remembered as a keen businessman who helped make mortgages more accessible to average Americans as technology pushed transactions out of traditional offices and onto mobile devices. Leaders at the company announced Farner’s retirement on February…
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