Core Insights - Rocket Mortgage has been ranked 1 in client satisfaction for mortgage servicing by J.D. Power for the 10th consecutive year, totaling 22 awards in various categories [1][3][11] - The company has significantly integrated artificial intelligence (AI) into its operations, enhancing client interactions and achieving over 60% first call resolution rates [2][8] - Rocket Mortgage's servicing portfolio reached $511 billion with 2.5 million loans serviced as of March 30, 2024 [6] Client Experience - The company offers a user-friendly website and mobile app, resulting in 78% of clients opting for a paperless experience, compared to the industry average of 30% [4] - Rocket Mortgage's commitment to exceptional service has led to clients returning for subsequent home loans three times more often than the industry average [5] - Client feedback highlighted the expertise and empathy of Rocket's team, reinforcing trust and satisfaction in the homeownership journey [6] Technological Innovations - One of the AI tools, Rocket Logic – Synopsis, utilizes machine learning to enhance client interactions by transcribing calls and capturing important details, projected to save over 45,000 hours annually [8] - The company has closed more than $1.7 trillion in mortgage volume since its inception in 1985, showcasing its significant market presence [15] Company Overview - Rocket Mortgage is the largest retail mortgage lender in the U.S. and is part of Rocket Companies (NYSE: RKT), which includes various fintech brands [10][12] - The company has consistently ranked among the top third of Fortune's "100 Best Companies to Work For" for 21 consecutive years [11][13]

DETROIT, July 18, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that the Company will issue its second quarter 2024 earnings on August 1, 2024. Leadership will host a conference call to discuss results at 4:30 p.m. ET on that date and a press release detailing the Company's results will be issued prior to the call. A live webcast ...

Core Viewpoint - The real estate market remains expensive, causing hesitation among investors regarding RKT stock and the mortgage financing service sector [1][2][14] Group 1: Market Conditions - Inflation has caused prices to rise significantly, and lower interest rates may not effectively address the housing affordability crisis [2] - Rocket Companies (NYSE:RKT) has seen a nearly 17% increase in stock price over the past five sessions, alongside gains for related companies like Re/Max and Redfin [4] Group 2: Investment Strategy - The J-Hook technical analysis pattern suggests that RKT could be a potential upside opportunity, indicating a cyclical pattern of price movement [5][11][15] - A recommendation is made to buy near-expiry RKT stock call options, particularly the 2024 Aug. 2 $16 call, in anticipation of a potential Federal Reserve monetary policy shift [7][10] Group 3: Risks and Considerations - The options market for RKT is characterized by low volume and high volatility, with a significant bid-ask spread of 14.28% noted [8] - The upcoming Federal Reserve policy meeting at the end of July could influence RKT stock, with speculation of a dovish pivot potentially driving prices higher [12]

AUBURN HILLS, Mich., June 24, 2024 /PRNewswire/ -- The Jeep® Wagoneer S Launch Edition, the Jeep brand's fully electric global vehicle that will first arrive in the U.S. later this year, will be making its first public appearance during this year's Rocket Mortgage Classic. The sixth-annual PGA TOUR golf tournament will be held June 25-30 at the historic Detroit Golf Club. Tickets for Thursday-Sunday are available at www.RocketMortgageClassic.com. The Jeep brand will have a display at "The Grove" on site of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1050 Woodward Avenue, Detroit, MI 48226 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ...

Rocket Companies has hired Thomson Reuters veteran Shawn Malhotra as its first chief technology officer (CTO).In this newly created role, Malhotra will oversee the development and implementation of artificial intelligence (AI), data science, product engineering, technology operations, information security and other areas across the firm’s ecosystem, Rocket Companies said in a Monday (May 6) press release.Rocket Companies’ brands include Rocket Mortgage, Rocket Homes, Amrock, Rocket Money, Rocket Loans, Rock ...

Malhotra is a proven technology leader with decades of experience in engineering, product development and AI strategy for tech and media companies, including Thomson Reuters, Intel and QualcommDETROIT, May 6, 2024 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company including mortgage, real estate and other financial service businesses, today announced Shawn Malhotra as its first ever group Chief Technology Officer (CTO), effective May 6, 2024.In this role, Malhotra will ...

Rocket Companies, Inc. (NYSE:RKT) Q1 2024 Earnings Conference Call May 2, 2024 4:30 PM ET Company Participants Sharon Ng - VP of IR Varun Krishna - CEO Brian Brown - CFO Conference Call Participants Ryan Nash - Goldman Sachs Jeff Adelson - Morgan Stanley Mark DeVries - Deutsche Bank Derek Sommers - Jefferies Brad Capuzzi - Piper Sandler Operator Thank you for standing by. My name is Jay, and I will be your conference operator today. At this time, I would like to welcome everyone to the Rocket Companies' Inc ...

Rocket Companies Announces First Quarter 2024 Results DETROIT, May 2, 2024 – Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit- based fintech platform company including mortgage, real estate and personal finance businesses, today announced results for the first quarter ended March 31, 2024. "Rocket entered 2024 with strong momentum. I'm incredibly proud of our team's performance in Q1, as we accelerated top-line growth for the third straight quarter and achieved our highe ...

Wall Street analysts forecast that Rocket Companies (RKT) will report quarterly earnings of $0.01 per share in its upcoming release, pointing to a year-over-year increase of 116.7%. It is anticipated that revenues will amount to $1.02 billion, exhibiting an increase of 53.1% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsiderati ...