Rocket Companies

Overview

Rocket Companies, Inc.

type	Public
traded as	nyse: RKT (Class A) Russell 1000 component
founder	Dan Gilbert
industry	Financial technology Mortgage lending Real estate
location	One Campus Martius
location city	Detroit, Michigan
location country	U.S.
key people	Dan Gilbert (chairman) Varun Krishna (CEO) Bill Emerson (president) Jonathan Mildenhall (CMO) Brian Brown (CFO) Heather Lovier (COO)
areas served	United States Canada
revenue	US$5.10 billion (2024)
operating income	US$255 million (2024)
net income	US$29.4 million (2024)
assets	US$24.5 billion (2024)
equity	US$9.04 billion (2024)
owner	Rock Holdings (93%)
num employees	14,200 (2024)
website	rocketcompanies.com
footnotes	‡R1R‡‡R2R‡‡R3R‡‡R4R‡

Rocket Companies, Inc., is an American fintech and homeownership services company. Founded by Dan Gilbert[5] and based in Downtown Detroit, Michigan, the company is one of the largest mortgage lenders in the United States through its flagship subsidiary Rocket Mortgage.[6] Its subsidiaries include Redfin, Forsalebyowner.com, and Rocket Money.[7]

History

In 1985, Dan Gilbert founded Rock Financial, the company that would become Rocket Mortgage – the first of the Rocket Companies, in Metro Detroit.

In 1999, Rock Financial changed its name to Quicken Loans.[8]

Subsidiaries

• # Rocket Mortgage: Rocket Mortgage is the largest mortgage lender in the United States.[32] It offers a fully online mortgage process.[33]

• #Rocket Money: Rocket Money is a budgeting app that links to users' bank accounts to help track income and spending. The app includes features such as subscription cancellation and bill negotiation.[34]

• #Rocket Homes: Rocket Homes is a real estate search platform which offers maps of nearby listings, referrals to real estate agents, and virtual reality tours of properties.[35][36]

• #Rocket Close: Rocket Close, formerly known as Amrock, is a title producer, settlement provider and appraisal management company.[37][38]

• #Rocket Loans: Rocket Loans is an online personal loan company which features an online application with same-day funding.[39]

• #Rocket Title Insurance Company: Formerly known as Amrock Title Insurance Company, Rocket Title Insurance Company is a nationwide title insurer.[40]

• #Forsalebyowner.com: ForSaleByOwner.com is a real estate classified advertising site which enables homeowners to buy and sell properties on their own under the for sale by owner home purchasing model.[41] Founded in 1999, Rocket acquired the site in 2018 from Tribune Publishing (which bought the site in 2006).[42][43][44]

• #Core Digital Media: Core Digital Media is an advertiser in the mortgage and insurance world.[39]

• #Lowermybills.com: Lowermybills.com provides comparisons for mortgages, reverse mortgages, refinancing, loans and insurance.[45]

• # Lendesk:Based in Vancouver, LenDesk is a technology company that offers a suite of products to digitize the home loan experience for Canadian mortgage brokers and their clients.[46]

• #Mr. Cooper Group :American home loan servicer headquartered in the Dallas, Texas area.[47]

• #Rocket Innovation Studio: Rocket Innovation Studio, based in Windsor, Ontario, recruits Canadian talent to develop technology solutions for Rocket Companies.[48]

• #Woodward Capital Management: Woodward Capital Management is a firm which specializes in private label mortgage-backed securities.[39]

• #Redfin: Redfin is a real estate brokerage and technology company that operates an online platform and provides brokerage services for buying, selling, and renting homes.[49]

Rocket Companies

History

Subsidiaries

External links

References