Scaling from Freelancer to Business Owner

Rocket denied the allegations, saying the lawsuit is a retread of a case the Consumer Financial Protection Bureau filed that was quickly dismissed. View the full article

The $1.15 billion agreement earmarked for general corporate purposes can increase to $2.25 billion pending the lender's acquisition of Mr. Cooper. View the full article

Here's what mortgage professionals should know about Rocket's rebranding, its $1.75B play for Redfin, dropped CFPB lawsuit and more. View the full article

As a market leader, Rocket Companies rebranding comes in the foreground of several court battles and fluctuating earnings performance. View the full article

Rocket expects the combined company to achieve more than $200 million in run-rate synergies by 2027, it said in a statement. View the full article

The deal, expected to close by the end of 2025, will place Mr. Cooper CEO Jay Bray as president and CEO of Rocket Mortgage. View the full article

The megalender revealed it employed 14,200 team members at the year's end. View the full article

The regulator argues the company is attempting to thwart a pending enforcement action involving an alleged discriminatory appraisal in 2021. View the full article

Rocket enters the crowded DSCR market with a product for experienced investors, joining rivals as non-QM lending grows and demand for single-family rentals stays strong. View the full article

The reduction in force affects under 1% of Rocket's team, with the decision to streamline operations made following identifying overlapping roles post-merger. View the full article

A California consumer who applied for a refinance in November says he was unaware his data, including financial details, was shared with advertisers. View the full article

Second-lien mortgages make up the collateral pool. Those assets normally have a high expected loss severity, but the borrowers appear to be of prime credit quality. View the full article

The move comes three months after Katie Sweeney, former BAC CEO, announced she would be stepping into an executive advocacy role for Rocket's Pro channel. View the full article

The massive wholesale lender's new website stands opposite rival United Wholesale Mortgage's own originator portal which it launched in 2018. View the full article

Starting April 22, mortgage brokers will be able to access Rocket Pro's loan pricing, interest rates and product eligibility, the company announced. View the full article

A Colorado regulator earlier this year revoked the license of the appraiser responsible for the 2021 evaluation at the center of the government's suit. View the full article

Company management touted its wins, including with total volume of $21 billion, the Redfin and Mr. Cooper purchases plus a record quarter for home equity. View the full article

Company executives touted the immediate returns from its rebranding and Super Bowl advertising campaign, with February activity exceeding expectations. View the full article

The lender isn't accusing United Wholesale Mortgage of wrongdoing, but says a broker secured loans for the same customers from both companies weeks apart. View the full article

The company first entered the Canadian market in 2020 through an investment in an Ontario-based brokerage, which later rebranded to Rocket Mortgage Canada. View the full article

The lender says its first-of-its-kind program can give consumers up to $5,000 in credits based on their prior 12-month rent payment history. View the full article

While Rocket Mortgage's satisfaction score improved by 4% versus 2024, the industry as a whole dropped 1%, with credit unions outpacing banks and IMBs. View the full article

Regulators should approve the deal because post-merger, the servicing market remains fragmented and the mortgage origination business is even more dispersed. View the full article

Starting with the client for life concept, executives from Rocket and CMG Financial described what is happening at their nonbanks to achieve future success. View the full article

The numbers suggest Rocket Mortgage's acquisition of Mr. Cooper won't add enough dollar volume to outpace its closest competitor but they also show the deal has other benefits. View the full article