Rocket Companies Inc Stock Price, News & Analysis

Rocket Mortgage, the largest mortgage lender in the U.S., announced a partnership with golf star Lexi Thompson on June 1, 2021. As part of the deal, Thompson will display Rocket Mortgage's logo on her sleeve during tournaments. The partnership aims to highlight the contributions of women in golf and promote community initiatives. Rocket Mortgage, which closed $320 billion in mortgage volume in 2020, emphasizes a digital client experience and has been recognized for customer satisfaction for 11 years. The company also supports diversity in sports with prior sponsorships.

Rocket Companies (NYSE: RKT), based in Detroit, will have Vice Chairman and CEO Jay Farner participate in a fireside chat at J.P. Morgan's 2021 Technology, Media & Communications Virtual Conference on May 24, 2021, at 1:15 p.m. ET. A live audio webcast of the event will be accessible online, with a replay available within 24 hours and lasting for one year. Rocket Companies encompasses various finance and tech brands, including Rocket Mortgage and Rocket Homes, and has received accolades for its workplace culture.

On May 12, 2021, Quicken Loans, America's largest mortgage lender, announced its name change to Rocket Mortgage, effective July 31. The rebranding aims to unify the Rocket brand and highlight its commitment to technology throughout the mortgage process. CEO Jay Farner emphasized Rocket Mortgage's leadership since its launch in 2015. In 2020, Rocket Mortgage closed $320 billion in mortgage volume and has a workforce of 24,000 employees. The digital experience remains unchanged for clients during the transition.

Rocket Companies, Inc. (RKT) reported impressive Q1 2021 results, with total revenue increasing to $4.6 billion from $1.4 billion in Q1 2020 and net income rising to $2.8 billion. Closed loan origination volume reached $103.5 billion, marking 100% growth year-over-year, while Rocket Auto and Amrock saw substantial sales increases of 65% and 110%, respectively. The company's technology platform improved efficiency, with enhanced client retention and a surge in unique website visitors. Strong financial metrics indicate a robust outlook for Q2 2021, expecting closed loan volume between $82.5 billion and $87.5 billion.

Rocket Companies (NYSE: RKT) announced that it will release its Q1 2021 earnings on May 5, 2021, followed by a conference call at 4:30 p.m. ET. The earnings press release will precede this call.

The company, known for brands like Rocket Mortgage and Rocket Homes, is focused on simplifying financial services through technology. Rocket Companies has approximately 24,000 employees and ranks among the 100 Best Companies to Work For according to Fortune.

Paretta Autosport has announced that Rocket Pro TPO will be the primary sponsor of the No. 16 Chevrolet, driven by Simona De Silvestro, in the upcoming Indianapolis 500. This marks a historical moment as it is the first female-owned INDYCAR team to compete in this prestigious event.

Rocket Pro TPO aims to highlight women's roles in the mortgage and racing industries through the 'Rocket Accelerator' multimedia campaign, which focuses on increasing mentorship and employment opportunities for women.

Intuit's Mint app has extended its partnership with Rocket Mortgage, enabling users to secure home loan approvals entirely within the Mint app. This integration allows for a streamlined experience, reducing the approval time to as little as eight minutes. Users can leverage their Mint account information to expedite applications, thus simplifying the mortgage process. The partnership aims to empower buyers in a competitive housing market by providing quick and easy access to mortgage financing.

Rocket Mortgage announces a significant expansion of its partnership with Michigan State University Athletics for the 2021-2022 season. The five-year deal grants Rocket Mortgage prominent branding across multiple Spartan teams, including a presenting sponsorship of the men's basketball team, now known as 'MSU Spartans Presented by Rocket Mortgage.' The partnership includes extensive visibility at Spartan Stadium and Breslin Center, along with integrations in radio programming for various sports. This collaboration underscores Rocket's commitment to community and sports.

Rocket Companies (NYSE: RKT) announced that CEO Jay Farner will participate in a fireside chat at Morgan Stanley's 2021 Technology, Media & Telecom Virtual Conference on March 3, 2021, at 10:15 AM ET. The event will be webcast live on their Investor Relations website and Morgan Stanley's site. A replay will be available within 24 hours and accessible for one year. The discussion may include forward-looking statements about the company’s financial performance and operations.