Mortgage tech expert Dan Sogorka has joined Rocket Pro Third Party Origination as its General Manager, the company announced. Sogorka brings extensive experience to the newly created role, which he officially started on September 3. “I’ve spent decades leveraging technology to simplify the complex home financing process. Now, I’m eager to tap into that skillset…
Inuit exec Glenn McGillivray joined Rocket Companies as its new chief people and places officer. McGillivray’s role will be to lead the human resources and diversity, equity, and inclusion teams, employee training and development, and executive leadership development. This is a newly created position. McGillivray previously held multiple leadership roles at Intuit, where he worked…
By KIMBERLEY HAAS Leaders at Rocket Companies have announced their Q2 2024 results and the company’s CEO says they continue to grow while making 30-year bets on people who are making 30-year bets on themselves. “We consider ourselves the most optimistic company in America. Every day, Rocket makes 30-year bets on people who make 30-year…
By KIMBERLEY HAAS Artificial intelligence is revolutionizing every aspect of the mortgage industry and as companies create systems that can help from origination to servicing, leaders speak highly of the possibilities ahead when it comes to accuracy, efficiency, and enhanced customer service. Listen to our podcast on the subject: At the beginning of the year,…
Leaders at Rocket Companies announced on Monday that they have hired Shawn Malhotra as their first group chief technology officer. Malhotra is tasked with overseeing the development and implementation of technology across the entire Rocket Companies’ ecosystem. That includes artificial intelligence development, data science, product engineering, technology operations, and information security, according to a press…
Rocket Companies began 2024 with strong momentum, according to CEO Varun Krishna. The parent company of Rocket Mortgage reported a total net revenue of $1.4 billion and adjusted revenue of $1.2 billion. GAAP net income was reported at $291 million, or $0.11 per GAAP diluted earnings per share. Adjusted net income was reported at $84…
Rocket Mortgage launched a new AI-driven technology for analyzing calls. Rocket Logic – Synopsis can listen to, transcribe, and search client calls, then analyze the sentiment, recording the patterns and preferences of the caller, according to a press release. This innovation allows Rocket to create “bespoke experiences” for both current and potential borrowers. “Rocket Logic…
By KIMBERLEY HAAS A total of 1,250 team members at Rocket Companies dove headfirst into the topic of leveraging generative AI during their most recent HackWeek. More than 250 experiments were tackled as these team members explored how technology can streamline the homeownership journey. They ranged from finding solutions for when buyers first start browsing…
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 The CEO of Rocket Companies says they will achieve scaled growth and profitability through their AI-fueled homeownership strategy. Varun Krishna spoke during an earnings call Thursday after leaders at Rocket reported that their total net revenue for 2023 was $3.8 billion. In comparison, total net revenue was reported at $5.8 billion for…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!