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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) 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.
DataVerify announced an integration with Rocket Companies' Nexsys Technologies to enhance homeowners insurance verification for mortgage lenders. The Nexsys Clear HOI tool will now automate the verification process, replacing a cumbersome manual method, which can delay loan processing. Lenders can access information from multiple top homeowners insurance providers instantly through a single data source, improving efficiency. DataVerify emphasizes that this integration aligns with its mission to modernize the lending process.
Rocket Mortgage has announced an extension of its title sponsorship for the Rocket Mortgage Classic through 2027. This PGA TOUR event, first held in Detroit in 2019, aims to bridge the digital divide in the community through its Changing the Course initiative. In 2020, charitable proceeds exceeded $2.7 million, with over $3.5 million allocated to local organizations. Rocket Mortgage has been a partner of the PGA TOUR since 2014 and continues to support local efforts to enhance digital accessibility.
Rocket Companies, based in Detroit, announced the pricing of a private offering of $2.0 billion in senior notes, comprising $1.150 billion of 2.875% senior notes due 2026 and $850 million of 4.000% senior notes due 2033. The offering is set to close on October 5, 2021. Proceeds from the offering will be used to repurchase $1.01 billion of the Issuer's existing senior notes, pay related fees, and for general corporate purposes. The notes will be offered only to qualified institutional buyers and will not be registered under the Securities Act.
Rocket Companies (NYSE: RKT) has announced that Vice Chairman and CEO Jay Farner will participate in a fireside chat with Marc Benioff, Salesforce Chair and CEO, at the Dreamforce Conference on September 22, 2021, at 2:00 p.m. Eastern Time. The event highlights Rocket's commitment to consumer technology and financial services, with a focus on empowering clients in achieving homeownership. A live webcast will be available for free at Salesforce.com/Dreamforce.
Rocket Companies (NYSE: RKT) announced a proposed offering of $1.5 billion in senior notes, due 2026 and 2033, exempt from registration under the Securities Act. Proceeds will primarily be used to repurchase outstanding $1.01 billion of 5.250% senior notes due 2028, associated fees, and for general corporate purposes. The offering is targeted at qualified institutional buyers and non-U.S. investors. This transaction may not be available in the U.S. without proper registration or exemption.
