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Rocket Companies

HomeStory’s McClelland speaks on changing real estate landscape

Brokerage, HWmember, Podcast, Podcasts, Real Estate, Real Estate Agents, Rocket Companies, Technology, Zillow /

On this week’s episode of the RealTrending podcast, host Tracey Velt sits down with Craig McClelland — chief strategy officer at HomeStory and president of LOCAL Realty — for a forward-looking conversation about the shifting landscape of real estate. McClelland emphasizes the growing necessity of consumer-first strategies. He also highlights how major players like Zillow […]

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Rocket revamps real estate arm, moves home search to Redfin

Brokerage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Mortgage and Housing Layoffs, Origination, Redfin, Rocket Companies /

Rocket Companies has begun to reshape Rocket Homes, its real estate subsidiary, following the closing of its acquisition of Redfin. The changes include sunsetting Rocket Homes’ search portal, consolidating agent networks and executing layoffs. Users who visit the Rocket Homes website are now met with a message stating they “can search for homes on Rocket

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Rocket returns to profitability in Q2, yields early benefits from Redfin deal

Earnings, HWmember, LendingLife, Mortgage, Origination, Rocket Companies, Rocket Mortgage, Varun Krishna /

Rocket Companies, the parent of Rocket Mortgage, has returned to profitability despite a challenging second quarter for the mortgage industry, marked by economic uncertainties in the U.S. The company is now focusing on integrating the recently acquired real estate brokerage firm Redfin, which has already shown early benefits. In the second quarter, Rocket reported a

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Has the real estate portal landscape changed after all the M&A?

Brokerage, CoStar Group, Homes.com, Real Estate, Realtor.com, Redfin, Rocket Companies, Technology, Zillow, Zillow Premier Agent /

At first glance, the real estate portal landscape looks much like it did a year ago. The same power players, the same products, the same strategies — at least on the surface. “My initial snarky reply is that the space hasn’t changed,” Mike DelPrete, a real estate industry technology strategist, said. “If you look at

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Rocket lays off 2% of workforce after closing Redfin acquisition

LendingLife, Mortgage, Mortgage and Housing Layoffs, Origination, Redfin, Rocket Companies, Rocket Mortgage /

Detroit-based Rocket Companies confirmed a company-wide layoff on Friday, just weeks after completing its $1.75 billion all-stock acquisition of real estate brokerage Redfin. The cuts affected roughly 2% of the firm’s workforce. “Following the Redfin acquisition, we carefully reviewed our combined structure, identified overlapping roles and made the difficult decision to streamline teams,” a spokesperson

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Closing the gap: How Rocket Close has streamlined its platform experience

Mortgage, Origination, Rocket Companies, Sponsored /

Rocket Close and Rocket Pro have taken a major step forward by integrating the two platforms into a single, more efficient platform, designed to simplify the closing process and enhance the broker experience. Under the leadership of Matt Brown — Rocket’s Executive Vice President, Sales and Revenue Strategy, with a background in tech, finance, and

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How to navigate a successful brokerage acquisition

Brokerage, Compass, HWmember, Mergers and Acquisitions, Real Estate, RealTrends, Redfin, Rocket Companies, Steve Murray, The Gathering, The Gathering 2025 /

In the wake of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement, RealTrends Consulting co-founder Steve Murray predicted a new wave of industry consolidation.  “Almost any time in history the U.S. federal government gets involved in this kind of litigation against a whole industry and imposes draconian changes to that industry, it causes

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Rocket Pro announces partnership with Vetted VA

HWmember, Mortgage, Partnerships, Rocket Companies, Rocket Mortgage, The Gathering, The Gathering 2025, VA Loan, Veterans /

Rocket Pro is partnering with Vetted VA, which provides education to veterans and training to loan officers to give veterans better access to home loan benefits. The partnership, announced on Tuesday at The Gathering by HousingWire, will involve the training of Rocket staff and LOs by Vetted VA so the lender can better serve the

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‘It was love at first sight!’ Inside Rocket’s pursuit of Redfin, Mr. Cooper

HWmember, Mergers and Acquisitions, Mortgage, Mr. Cooper, Real Estate, Redfin, Rocket Companies, Rocket Mortgage, The Gathering, The Gathering 2025 /

Glenn Kelman’s wife was starting to get worried. The Redfin founder and CEO’s behavior was unusual lately. He was staying up late into the night exchanging texts with someone. But there was no other woman. Kelman was group texting Varun Krishna, the CEO of Rocket Companies, and Jay Bray, the CEO of Mr. Cooper. They

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Judge dismisses insider trading suit against Rocket’s Dan Gilbert

Dan Gilbert, HWmember, Jay Farner, Lawsuit, Legal & General Home Finance, LendingLife, Mortgage, Origination, Rocket Companies, Rocket Mortgage /

Rocket Companies scored a win in a derivative lawsuit alleging insider trading by its primary stakeholder, Rocket Holdings, Inc. (RHI), an entity owned by founder and chairman Dan Gilbert, and its board of directors. The lawsuit stemmed from two complaints, one filed by the Doris Shenwick Trust in November 2021 and another by investor Christopher

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