Rocket Companies Inc - RKT STOCK NEWS

Rocket Mortgage has launched a national mortgage broker directory on its website, enhancing accessibility for homebuyers and those refinancing their loans. This directory allows consumers to connect with local independent mortgage brokers, increasing choice and convenience. The initiative coincides with Rocket Pro TPO's commitment to empower mortgage brokers, leveraging Rocket's robust digital infrastructure. The directory features 43,000 loan officers and is expected to attract significant traffic, as Rocket Mortgage's site sees nearly 115 million visitors annually.

On January 7, 2021, Rocket Mortgage announced the opening of entries for the second annual Rocket Mortgage Super Bowl Squares Sweepstakes, offering a total of $1.75 million in prizes. Participants can enter for free at RocketMortgageSquares.com. Last year's contest awarded $1 million in grand prizes and $50,000 for each scoring play during the Super Bowl. This year, two winners will receive $500,000 each, and $50,000 is available for every score change. Registration ends at 11:59 p.m. EST on February 4, 2021. Participants must be 18 or older and a resident of the U.S.

Nexsys Technologies, a subsidiary of Rocket Companies (NYSE:RKT), has launched its Clear HOI platform, aimed at streamlining the homeowners insurance verification process for mortgage lenders. This new tool automates communication between lenders and insurance companies, significantly reducing verification time from days to minutes. Major insurers, including Allstate and Liberty Mutual, have already joined the platform. Clear HOI integrates via API into lenders' systems, enhancing efficiency and security in the mortgage process.

Rocket Mortgage and Amrock reported achieving 90% of all digital closings with eNotes in the first three quarters of 2020. This performance more than doubled their digital closings from 2019. The COVID-19 pandemic has accelerated the adoption of digital closings, enhancing efficiency and reducing human error in transactions. Notably, Rocket Mortgage offers various digital closing options, including remote online notarization (RON) and hybrid closings. The company highlights its commitment to leveraging technology for a seamless mortgage experience, with 98% of loans utilizing its digital platform.

Rocket Companies (NYSE: RKT) will be represented by CEO Jay Farner in a fireside chat at Citi's 2020 Financial Technology Virtual Conference on November 17, 2020, at 1:30 PM ET. The event will be available for live streaming on their investor relations website. A replay will be accessible for one year post-event. The discussion is expected to cover the company's financial outlook and operations, highlighting its commitment to improving client experiences in the real estate and financial services sectors, supported by a workforce of 22,000 across the U.S.

Rocket Companies (NYSE: RKT) announces the appointment of Jonathan Mariner to its Board of Directors and as chairperson of the Audit Committee. Mariner, with extensive experience as CFO for Major League Baseball teams and a background in finance, aims to enhance the company's strategic direction. His appointment comes during a period of success, with Rocket Mortgage achieving a record $89 billion in closed loan volume for Q3 2020, contributing to a net income of $6.6 billion year-to-date.

Rocket Companies (RKT) reported record financial results for Q3 2020. Closed loan origination volume reached $89 billion, representing a 122% year-over-year increase. Total revenue surged by 186% to $4.6 billion, while net income rose 506% to $3 billion. The company's strong performance can be attributed to its technology-driven platform, enabling assistance to a record number of clients during the pandemic. Rocket's margins improved, with a gain on sale margin of 4.52%. The company has a robust liquidity position of $6.9 billion and is preparing for continued growth in Q4.

Rocket Mortgage, a subsidiary of Rocket Companies (NYSE: RKT), has been ranked #1 in the nation for client satisfaction in primary mortgage origination by J.D. Power for the 11th consecutive year. This accolade is based on client feedback, with 92% of clients stating that team members effectively explained the application process. 80% of clients indicated they would 'definitely' consider Rocket Mortgage for future purchases, outperforming the industry average. The company celebrated its 35th anniversary this year and has facilitated over $1 trillion in home loans.

Rocket Companies, Inc. (NYSE: RKT) announced its third quarter 2020 earnings release date as November 10, 2020, with a conference call scheduled for 4:30 PM ET. The earnings report will be published prior to the call. The company, based in Detroit, focuses on tech-driven real estate and financial services, including Rocket Mortgage, Rocket Homes, and Rocket Auto. Rocket Companies aims to enhance client experiences with their comprehensive digital solutions, serving over 20,000 team members across the U.S.