Core Insights - Rocket Mortgage has launched RocketRentRewards, the first program in the mortgage industry to offer up to $5,000 in closing cost credits for renters [1][3] - The program allows homebuyers to earn 10% back on the last 12 months of rental payments, translating to an average of $2,160 applied toward closing costs based on the national average rent of $1,800 [2][3] - The initiative aims to support aspiring homeowners, particularly in underserved communities, by converting rental payments into financial savings [3] Company Overview - Rocket Mortgage is the largest mortgage lender in the U.S. and part of Rocket Companies (NYSE: RKT), having closed over $1.8 trillion in mortgage volume since its founding in 1985 [7] - The company has been recognized for client satisfaction, ranking 1 in both primary mortgage origination and servicing by J.D. Power 22 times [8] - Rocket Mortgage emphasizes a digital-driven client experience, having introduced the first fully digital mortgage process in late 2015 [7] Program Details - RocketRentRewards allows verification of rent payments through documentation, with credits directly applied to closing costs once validated [4] - The program is part of Rocket's Own the Dream campaign, which aims to unite Americans in the pursuit of homeownership [5] - The launch of Rocket.com provides an all-in-one platform for consumers to search, purchase, and manage home financing, including personalized options like RocketRentRewards [5]

Core Viewpoint - Rocket Companies, Inc. is set to announce its fourth quarter and full year 2024 earnings on February 27, 2025, with a conference call scheduled to discuss the results [1]. Company Overview - Rocket Companies, founded in 1985, is a Detroit-based fintech platform that encompasses mortgage, real estate, and personal finance businesses, including Rocket Mortgage, Rocket Homes, Rocket Close, Rocket Money, and Rocket Loans [3]. - The company handles over 65 million call logs annually and manages 10 petabytes of data, emphasizing its mission to "Help Everyone Home" [4]. Client Satisfaction - Rocket Mortgage has been recognized for exceptional client experiences, having been ranked 1 in client satisfaction for primary mortgage origination and mortgage servicing by J.D. Power a total of 22 times, the highest among mortgage lenders [4].

Core Insights - Rocket Companies launched its "Own the Dream" integrated marketing campaign during Super Bowl LIX, featuring a live singalong that united millions of Americans [1][3] - The 60-second ad, set to a reimagined version of John Denver's "Take Me Home, Country Roads," emphasizes the emotional significance of home and the journey of homeownership [2][4] - The campaign aims to make homeownership more accessible for Americans, reflecting Rocket's mission and 40-year legacy in the industry [5] Company Overview - Rocket Companies, founded in 1985, is a Detroit-based fintech platform that includes various businesses such as Rocket Mortgage, Rocket Homes, Rocket Close, Rocket Money, and Rocket Loans [6] - The company handles over 65 million call logs annually and utilizes 10 petabytes of data to enhance homeownership experiences [7] - Rocket Mortgage has been ranked 1 in client satisfaction for primary mortgage origination and servicing by J.D. Power a total of 22 times, the highest among mortgage lenders [7]

Rocket Companies unites and streamlines the end-to-end homeownership process with Rocket Mortgage and Rocket Homes DETROIT, Jan. 22, 2025 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company consisting of mortgage, real estate and personal finance businesses, today announced the launch of Rocket.com. Rocket.com empowers consumers to search, purchase and manage their home financing with an intuitive, AI-driven experience, simplifying every step of the homeownership journey ...

The announcement marks the first phase of Rocket's brand restage, set to be fully revealed during the company's return to the Super Bowl CLICK HERE TO FIND A GALLERY OF IMAGES SHOWING THE NEW VISUAL IDENTITY DETROIT, Jan. 14, 2025 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company consisting of mortgage, real estate and personal finance businesses, today unveiled a bold refresh to its brand identity. Designed to position Rocket as one of the most inclusive brands in Ame ...

The company also filed a motion to dismiss the claim the Department of Justice brought against the company DOJ's recent claim against Rocket Mortgage misplaced blame on the Company for work done by an independent appraiser hired by an independent appraisal management companyDETROIT, Dec. 5, 2024 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), filed suit in Federal District Court against the United States Department of Housing and Urban Devel ...

DETROIT, Nov. 27, 2024 /PRNewswire/ -- Rocket Companies (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 Chief Financial Officer and Treasurer Brian Brown will participate in a fireside chat at the 2024 Goldman Sachs U.S. Financial Services Conference on Tuesday, December 10, at 1:40 p.m. ET.A live webcast of the event will be available on the "Events & Presentations" se ...

Key TakeawaysRocket Companies had a big revenue miss and issued weak guidance as mortgage rates remain high.CEO Varun Krishna said even though the Federal Reserve cut interest rates, they didn't come down for home loans.CFO Brian Brown explained that Rocket expects the mortgage market in the current quarter to be smaller than it was in the third quarter. Rocket Companies (RKT) shares tumbled 10% Wednesday, a day after the online financial platform badly missed revenue estimates and gave soft guidance as the ...

For the quarter ended September 2024, Rocket Companies (RKT) reported revenue of $646.95 million, down 46.2% over the same period last year. EPS came in at $0.08, compared to $0.00 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.22 billion, representing a surprise of -47.16%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.08.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

Rocket Companies (RKT) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.06, delivering a surprise of 20%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Rocket Companies, which belong ...