Rocket Companies Inc Stock Price, News & Analysis

Rocket Mortgage, part of Rocket Companies (NYSE: RKT), celebrated Super Bowl LVI by awarding $1.6 million in cash prizes to 14 winners through its Super Bowl Squares Sweepstakes. Notable winners include Derek S. and Ron S., each receiving $500,000. The sweepstakes has distributed a total of $4.9 million since 2020, impacting 43 individuals. The event was complemented by a commercial featuring Anna Kendrick, promoting Rocket Homes and the home financing process. Rocket Mortgage is the NFL's Official Mortgage Provider, reinforcing its innovative marketing strategies and customer engagement.

Rocket Companies (NYSE: RKT) announced the release of its fourth quarter and full year 2021 earnings set for February 24, 2022. A conference call will follow at 4:30 PM ET to discuss the results, with a press release issued beforehand. This FinTech platform encompasses several businesses, including Rocket Mortgage and Rocket Homes, and has approximately 26,000 employees. The company is recognized for its commitment to helping clients achieve financial freedom and was ranked #5 on Fortune's '100 Best Companies to Work For' list in 2021.

WRKSHP, a music-based lifestyle company, launched in Detroit, aiming to disrupt the music industry with an artist-centric model. Founded by Che Pope and Dan Gilbert, WRKSHP seeks to empower emerging artists by providing transparency and profit-sharing opportunities, moving away from traditional exploitative contracts. The company has garnered support from prominent investors and plans to contribute to Detroit's creative community through local collaborations, educational workshops, and events. WRKSHP emphasizes a commitment to inclusion in an industry where representation remains a challenge.

Rocket Mortgage has opened entries for its third annual Super Bowl Squares Sweepstakes, running until February 11, 2022. This year's sweepstakes, which boasts over $1 million in prizes, includes a grand prize of $500,000 and $50,000 awarded for each scoring play during Super Bowl LVI. Since its inception, the program has distributed $3.3 million to 29 winners. The sweepstakes highlights Rocket Mortgage's ongoing partnership with the NFL and encourages participants to enter for free at RocketMortgageSquares.com.

Rocket Companies (NYSE: RKT) announced key leadership changes to enhance its fintech platform. Jay Farner, CEO of Rocket Companies, will now also lead Rocket Central, focusing on technology and client experience. Bob Walters has been appointed CEO of Rocket Mortgage, previously holding the roles of President and COO, while Tim Birkmeier expands his duties to include President. These appointments aim to leverage expertise for company growth, with Rocket Mortgage maintaining its status as the largest mortgage lender in the U.S., boasting a 90%+ client retention rate.

Rocket Companies (NYSE: RKT) has announced its acquisition of Truebill, a leading personal finance app, for $1.275 billion in cash. Truebill, with 2.5 million members and a user base that has doubled in the last year, helps consumers manage subscriptions, improve credit scores, and track spending. This acquisition is expected to enhance Rocket's financial services platform, providing new organic growth opportunities. Truebill is projected to generate $100 million in annual recurring revenue, complementing Rocket’s existing operations.

Rocket Companies (NYSE: RKT) has announced plans to showcase local art on Detroit's Broderick Tower, preserving the space for artistic expression instead of advertising. This initiative, led by CMO Casey Hurbis, involves artist Phillip Simpson, who will create a mural symbolizing Detroit's identity. The mural, printed on vinyl, will not cover the existing whale painting dedicated in 1997. Rocket Companies has a history of supporting local artists and is encouraging others in Detroit to utilize their buildings for art. The mural unveiling is set for November 16, 2021.

Amrock, a leading provider of title insurance and related services, announced the retirement of CEO Brian Hughes, effective November 19, 2021. Nicole Beattie, currently Executive VP at Rocket Mortgage, will succeed him. Beattie brings nearly 18 years of experience with Rocket Companies, managing a significant mortgage servicing portfolio during the pandemic. Hughes has been with Amrock for over 21 years and led innovative changes, including digital mortgage closings. Amrock's strong industry position is supported by technology-driven solutions and high client retention rates.

Rocket Mortgage has partnered with the World Pro Ski Tour (WPST) as the presenting sponsor for the 2021-22 season. This collaboration promotes gender equality in sports by showcasing male and female professional skiers competing for equal prize money. The tour will feature top athletes, including Olympians, racing in a single elimination format. Rocket Mortgage aims to expand brand awareness within the skiing community and emphasizes its commitment to supporting opportunities for all competitors. The event will be broadcasted in over 100 million homes.