By KIMBERLEY HAAS Rocket Pro has partnered with Vetted VA to help brokers support veterans who want to use their home loan benefits. The goal is to simplify the VA loan process, break down barriers for military families, and give brokers a competitive edge in today’s market. Brokers can sign up to get the tools…
By ERIN FLYNN JAY Artificial intelligence has found its way into every industry, and mortgage companies are feeling the pressure to either implement the latest technology or fall behind. In April, company leaders at United Wholesale Mortgage announced an agreement with Google Cloud. By integrating Google Cloud AI and machine learning tools into its lending…
Rocket Companies is acquiring Mr. Cooper Group in an all-stock transaction valued in the billions. According to a press release, the $9.4 billion equity value deal is based on an 11.0x exchange ratio. Rocket shareholders will own 75% of the combined company, while Mr. Cooper stockholders will own about 25%. The deal is expected to…
Rocket Companies is acquiring digital real estate brokerage Redfin in an all-stock transaction for a value of $12.50 per Redfin share, or $1.75 billion of equity value. The move will connect Redfin’s nearly 50 million monthly visitors to Rocket’s mortgage products, with the aim of introducing more customers to the Rocket ecosystem and driving growth….
By KIMBERLEY HAAS Rocket Companies has revealed a refreshed brand identity and leaders there say it will help mortgage brokers and lender clients. The Detroit-based fintech platform announced on Jan. 14 that it acquired Rocket.com. New logos and marketing materials have been created to unify the company’s services under the overarching Rocket brand. As part…
Rocket Companies rolled out the first phase of a new brand identity designed to attract key buyer demographics and unite the company’s different arms. The new design positions Rocket “as one of the most inclusive brands in America,” company leaders said, and unifies all of the company’s services under the umbrella “Rocket” brand. “This design…
Taking November’s emphasis on gratefulness as their cue, Rocket Pro TPO is taking 24 bps off eligible loans as a “thank you” to its partners. Rocket Pro TPO EVP Mike Fawaz announced the promotion in a video. 24 Takeoff applies to purchases and refis for conventional, VA, and FHA loans. It does not apply to…
Nearly half of mortgaged homeowners are equity-rich again as home prices soared in the second quarter of 2024. New data from ATTOM found that 49.2% of mortgaged residential properties were considered equity-rich in Q2, up from 45.8% in Q1. This matches a record high from the spring of 2023 and is the first increase after…
By JARED WHITLEY Leaders at a mortgage broker caught up in litigation over United Wholesale Mortgage’s “All In” ultimatum say they never agreed to be in an exclusive relationship with Mat Ishbia’s company. Lawyers for UWM filed suit against Atlantic Trust Mortgage Corporation in January, claiming they submitted at least 71 mortgages to rivals Rocket Mortgage or…
Rocket Companies has appointed an AI-oriented independent director to its Board of Directors, according to a press release. The new addition, Alex Rampell, is a general partner at Andreessen Horowitz who focuses on fintech investments. Described as a “serial entrepreneur,” he co-founded companies like Affirm, a leader in “buy-now-pay-later,” and TrialPay, a transactional advertising and…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!