Rocket Mortgage, the third largest U.S. mortgage lender, has entered into a conciliation agreement with the U.S. Department of Housing and Urban Development (HUD) to resolve allegations of discriminatory housing practices, the parties announced […]
Rocket Mortgage LLC, a division of Detroit-headquartered Rocket Companies (NYSE:RKT), has reached a settlement with the U.S. Department of Housing and Urban Development (HUD) to resolve allegations that the company denied a mortgage loan application […]
Rocket Mortgage Chief Information Officer Brian Woodring is departing the company to pursue other opportunities, multiple sources told HousingWire. The decision comes as the lender shifts its business strategy to embrace artificial intelligence (AI). Woodring joined […]
Rocket Mortgage’s bet on artificial intelligence (AI) has resulted in a patented platform called Rocket Logic, which can automatically process nearly 90% of data points extracted from documents in a month and reduce by 25% […]
Rocket Mortgage is looking to hire local loan officers at a time when mortgage rates are high and the industry remains heavily reliant on the purchase market. The Michigan lender, which racked up record profits […]
The company added that the program eliminates the need for the mortgage insurance fee. The post Rocket Mortgage Unveils 1% Down Payment Program appeared first on Weekly Real Estate News.
Add Rocket Mortgage to the list of companies selling mortgage servicing rights (MSR) in a difficult operating environment. The Detroit, Michigan-based lender sold about $20 billion in MSRs to JPMorgan Chase in April, following a […]
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