Welcome to our dedicated page for Rocket Companies news (Ticker: RKT), a resource for investors and traders seeking the latest updates and insights on Rocket Companies stock.
Rocket Companies, Inc. (NYSE: RKT) is a leading fintech innovator transforming mortgage lending through AI-powered solutions like Rocket Mortgage. This news hub provides investors and industry professionals with essential updates on RKT's strategic initiatives, financial performance, and technological advancements.
Access real-time press releases covering earnings reports, partnership announcements, product innovations, and market developments. Our curated collection ensures you stay informed about key milestones in digital mortgage solutions, real estate technology, and financial services expansion.
Discover updates on RKT's core business segments including Rocket Mortgage operations, Pro Partner network growth, and AI-driven tools like Rocket Logic. Content is organized for quick scanning while maintaining depth for professional analysis.
Bookmark this page for continuous access to verified corporate communications and third-party analysis. Check regularly for updates on RKT's role in shaping the future of home financing through technology and customer-centric solutions.
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.
Rocket Companies (NYSE: RKT), a Detroit-based holding company known for tech-driven real estate and financial services, announced its participation in three major conferences. The Citi 2021 FinTech Conference will be virtually held from November 15-18, 2021. The Credit Suisse Annual Technology Conference will take place in person from November 29 to December 2, 2021, with CEO Jay Farner presenting on December 1. Additionally, the Goldman Sachs Financial Services Conference is set for December 7-9, 2021, featuring another presentation by Farner on December 8. Webcast replays will be available on their Investor Relations website.
Rocket Companies (NYSE: RKT) reported strong Q3 2021 results, achieving a net income of $1.4 billion and total revenue of $3.1 billion. The company exceeded guidance in closed loan volume at $88 billion, with a gain-on-sale margin of 3.05%. Key highlights include a 70% increase in purchase volume year-over-year and a partnership with Salesforce for 'Mortgage as a Service.' The servicing book grew to $521 billion, and the company maintained strong liquidity with $8.6 billion available. Looking ahead, Rocket expects a closed loan volume between $75 billion and $80 billion for Q4.
Rocket Mortgage, the largest mortgage lender in the U.S. and part of Rocket Companies (NYSE: RKT), announced a partnership with Salesforce on October 29, 2021. This collaboration aims to integrate Rocket Mortgage's origination technology into Salesforce Financial Services Cloud, simplifying the mortgage process for banks and credit unions nationwide. This innovative 'mortgage-as-a-service' solution will allow financial institutions to offer home loans without needing extensive underwriting teams. The company aims to expand its market share while enhancing customer experiences through technology.
Rocket Companies (RKT) will release its third quarter 2021 earnings on November 4, 2021. The announcement includes a conference call scheduled for 4:30 PM ET on the same day to discuss the results. A press release detailing the earnings will precede the call. Rocket Companies, a Detroit-based holding company, operates in tech-driven real estate, mortgage, and financial services through brands like Rocket Mortgage and Rocket Homes. The company has approximately 26,000 team members in the U.S. and Canada and has been recognized as a top workplace.
Rocket Pro TPO, a division of Rocket Mortgage, unveiled new innovations aimed at empowering mortgage brokers. Promising $100 million in technology support, the firm launched a Client Portal for document management, enhancing operational efficiency. They also introduced networking events called "Pro Mixers" to connect brokers with real estate agents. Additionally, the revamped Marketing Hub offers customizable marketing materials, and enhanced communication tools like Rocket Connect now ensure faster responses for brokers. These initiatives strengthen Rocket Pro TPO's commitment to its broker partners.
On October 4, 2021, Rocket Companies (NYSE: RKT) announced early tender results for its subsidiary Rocket Mortgage's cash tender offer for outstanding 5.250% senior notes due 2028. The offer was aimed at purchasing all notes, with $941.4 million validly tendered, representing 93.21% of the total outstanding $1 billion. The company also confirmed receipt of requisite consents for proposed amendments to the indenture governing the notes. These amendments will eliminate restrictive covenants and modify default events. The tender offer expires on October 19, 2021, unless extended.
FAQ
What is the current stock price of Rocket Companies (RKT)?
What is the market cap of Rocket Companies (RKT)?
