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$RKT News: Rocket Homes Combines Every Aspect of Home Buying and Selling into One Simple, Customizable Platform
DETROIT, Aug. 10, 2021 /PRNewswire/ -- Rocket Homes, a technology-driven real estate service provider and part of Rocket Companies (NYSE: RKT), today announced it is revolutionizing the way home buying and selling is done in America by seamlessly integrating the tools, professionals and innovations needed to win in a red-hot housing market. Rocket Homes will be the first real estate company ever to create a wide array of choices for those in the market, putting clients in the position to create their own truly bespoke experience, rather than the traditional one-size-fits-all approach that has been the standard for more than a century.
Suite of logos for Rocket Sister Companies including Rocket Mortgage by Quicken Loans, Rocket Loans, Rocket Homes and Rocket HQ
The company is bringing together a comprehensive suite of services that includes: credit reporting, home search, the industry-leading ForSaleByOwner.com process, on-staff real estate agents, a nationwide network of trusted real estate professionals, iBuying services to provide a back-up offer to sellers - along with direct connections to Rocket Mortgage, America's largest mortgage lender, and Amrock, a premier closing and settlement services provider.
"There is nothing more exciting than getting the keys to a new home, but far too often the process of getting to that point is confusing and fragmented. At Rocket Homes, we are laser-focused on using technology and innovation to create a fully customized and transparent experience that is stress-free and fully integrated – working seamlessly with sister companies to simplify and speed-up the process, all while saving our clients money," said Doug Seabolt, CEO of Rocket Homes. "Whether a client is looking to sell their house on their own, get assistance from an on-staff Rocket Homes agent or meet face-to-face with our trusted local real estate professionals, we will have unique options and resources to help every client move through the process in a way that is fully customized to them."
Homeowners looking to sell their property will have the ability to select the right experience for their needs and goals thanks to Rocket Homes Seller Solutions. Through the program, sellers can:
Leverage the industry-leading ForSaleByOwner.com platform that provides sellers all the tools they need to go through the process on their own. This option has become increasingly popular among homeowners in today's competitive housing market.
Work with highly skilled, on-staff Rocket Homes Real Estate Agents that advise clients on the best list price, facilitate professional photos, list the house on the local multiple listing service, negotiate offers and handle all paperwork. Just like Rocket Mortgage effectively serves clients in all 50 states from centralized locations, Rocket Homes agents will assist with the most complex moments of the real estate transaction from downtown Detroit. With this option – which will be open to the public starting in the fourth quarter of 2021 - homeowners pay a significantly lower commission of only 1.5% for the selling agent, as opposed to the traditional fee of 3% -- which represents a savings of $4,500 on a $300,000 home sale.
If a homeowner wants to work with an expert in their local area, they can tap into the Rocket Homes Verified Partner Agent Network of trusted and vetted professionals. This is a nationwide group of the best real estate agents who consistently receive top ratings from the clients they serve. The Partner Agent Network provides the option of a high-touch, in-person experience that some sellers desire. It consists of thousands of professionals working in every state, representing more than 3,000 counties across the country.
True to the company's promise of providing certainty in complex moments, a soon-to-be-released iBuyer program, facilitated through third-party partner companies, will ensure every owner is given the opportunity to receive a guaranteed offer on their house. Consumers who need to sell their house before buying another often lose out on their new dream home due to the need to make a contingency offer – meaning their deal hinges on closing the sale on their existing property. With the forthcoming program from Rocket Homes, these consumers will now have a guaranteed offer on their current house and can eliminate the need for contingency altogether.
Once a client completes the selling experience with Rocket Homes, they will be able to use the company's robust home listing sites and be referred to one of the company's Partner Agents to assist with the purchase of their house. To provide clarity and transparency, real estate professionals can leverage the Rocket Pro Insight application which enables them to help their clients throughout the mortgage process with unmatched service. Through this app, agents can upload documents on behalf of the buyer, ensuring the process continues moving quickly. Rocket Pro Insight even enables the real estate expert to adjust the loan amount on the approval letter - within an approved range to ensure they are delivering offers that help their clients win. As of the end of the second quarter of 2021, there were nearly 50,000 agents using Rocket Pro Insight.
Home buyers can also view listings from all 50 states on RocketHomes.com, the company's mobile app or on ForSaleByOwner.com. Beyond finding houses, the company's website supplies Americans with easy-to-consume market intelligence, helping ensure they make informed decisions. Rocket Homes Housing Market Reports provide deep insights and trend information on neighborhoods, displaying whether it is a buyer's or seller's market, the average number of days a home is listed in the area, the median home price and much more. This information is displayed in a clear, easy-to-understand format, providing the real-time, actionable insights that homebuyers need to make immediate and educated decisions.
Before even starting the search process, consumers can use Rocket Homes' proprietary credit monitoring tools to ensure they are financially prepared to purchase the home of their dreams. These resources enable consumers to check their credit report and view how various factors will impact their credit score. As an added benefit, clients can utilize the Home Affordability Calculator to determine the home price they can afford using credit score, gross income, debt and expenses. The tool then shows home prices in their desired area that fit their budget, ensuring they are fully prepared when beginning the homebuying process.
Rocket Homes' innovations are made stronger by the seamless integration with fellow Rocket Companies platform businesses including Rocket Mortgage, the nation's largest mortgage lender, and Amrock, a leading title and settlement services company, to provide a cohesive and unmatched end-to-end housing ecosystem.
The company's on-staff real estate agents, its iBuyer program to give sellers a guaranteed offer and additional forthcoming innovations will be released throughout the remainder of 2021 and into early 2022.
Forward Looking Statements
Some of the statements contained in this document are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are generally identified by the use of words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and, in each case, their negative or other various or comparable terminology. These forward-looking statements reflect our views with respect to future events as of the date of this document and are based on our management's current expectations, estimates, forecasts, projections, assumptions, beliefs and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All such forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this document. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled "Risk Factors" in our Annual Report on Form 10-K, Current Reports on Form 8-K, and other filings with the Securities and Exchange Commission. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document and in our SEC filings. We expressly disclaim any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.
About Rocket Homes
Rocket Homes is a tech-based real estate service provider and home search site which is a part of Rocket Companies (NYSE: RKT). It manages a nationwide Partner Agent Network that includes some of the nation's top agents from 3,000 different counties and has assisted nearly one million consumers with their home buying and selling needs. All of its Partner Agents are prescreened and demonstrate exceptional client service, knowledge and experience in their local communities. Rocket Homes hosts a website and mobile app consumers can use to search for homes, connect with a real estate professional and obtain mortgage approval through sister company Rocket Mortgage - creating a seamless, fully integrated home buying and selling experience. For more information, please visit http://www.RocketHomes.com.
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SOURCE Rocket Homes
$RKT News: Welcome Home: Rocket Mortgage Expands Resources & Support for Detroit Homebuyers
DETROIT, Aug. 9, 2021 /PRNewswire/ -- Rocket Mortgage, America's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), today announced a full suite of programs to help Detroit residents who are interested in buying a home in the city, regardless of where they are on their homebuying journey. The new initiative includes $2,500 in lender credits when purchasing a primary residence in Detroit, along with resources for residents who are underbanked or can benefit from credit counseling and homebuyer education.
Rocket Mortgage's Detroit Home Loan+ program offers $2,500 closing cost credit for those buying a primary residence in Detroit, along with financial guidance and homeownership education to residents who are looking for additional assistance.
"Detroit has been home to Rocket Mortgage for more than a decade. In that time, we have been proud to use our expertise to create initiatives that support the city's homeowners," said Jay Farner, CEO of Rocket Companies. "Today, we are doubling down on that commitment. By increasing access to banking, credit-building opportunities and, ultimately, home financing, more Detroit residents will be able to build equity through homeownership, which increases neighborhood stability and opportunity for future generations."
Rocket Mortgage's new initiatives start with those who have a desire to buy a home but need some help along the way. If a Detroiter does not have a bank account, or needs to boost their credit score, Rocket Mortgage will connect them with MoCaFi, a Black-owned FinTech company.
"MoCaFi's goal, as part of the Detroit Home Loan+ program, is to provide the Detroit community with a broader set of resources that can help them take the steps needed to prepare for homeownership. We, along with Rocket Mortgage, believe everyone should have an opportunity at this important part of the American Dream," said Wole Coaxum, CEO of MoCaFi. "Our journey starts with getting Detroiters a bank account, if they don't already have one. We can also help them bring additional data – including rent payments – into their credit report. We believe offering Detroit residents strong banking and credit fundamentals will create a better path to purchasing a home and getting the stability and equity that comes with it."
Detroiters in need of additional support will be connected to the Detroit Housing Network – a conglomerate of six Detroit-based nonprofits providing wide-ranging housing services for renters, homebuyers and homeowners. Clients will get hands-on support from trained specialists to prepare them for homeownership.
"Rocket Mortgage is taking an important step to increase homeownership in the city of Detroit," said Dana Arrington, director of homeownership and sales of CHN Housing Partners – administrators of the Detroit Housing Network. "We know the journey to homeownership is different for everyone and, everyone is at a different stage, this program will help Detroiters find the right resources to create a path to homeownership, build equity and unlock the generational wealth that comes with homeownership."
Once ready to become a homeowner, Detroit residents can leverage Rocket Mortgage's new Detroit Home Loan+ program to receive a $2,500 closing cost credit when buying a primary residence in the city. The closing cost credit is automatically applied to all eligible mortgages, which includes conventional, FHA and VA loans. Detroiters can apply through the Rocket Mortgage app or call the Detroit Home Loan+ mortgage banking specialists at 800-291-1488.
Rocket Mortgage operates under a "for-more-than-profit" philosophy. The company recognizes that business and community are inextricably linked. It has leveraged its resources to build programs and partnerships that support a more inclusive, thriving and resilient city. Since moving to Detroit in 2010, Rocket Mortgage and the Rocket Community Fund – the philanthropic partner company of Rocket Companies – have demonstrated a commitment to serving and supporting city residents through data-driven investments and initiatives.
"The Rocket Community Fund is dedicated to building homeownership, wealth and stability for all Detroit families," said Laura Grannemann, Vice President of the Rocket Community Fund. "Through programs like Detroit Home Loan+, Rehabbed & Ready, Make It Home and Neighbor to Neighbor we are directly addressing the systems that have historically prevented residents from owning their own homes and building equity."
Homebuyers can apply for a mortgage and take advantage of the Detroit Home Loan+ program by visiting RocketMortgage.com/Detroit or by calling 800-291-1488.
About Rocket Mortgage
Detroit-based Rocket Mortgage, the nation's largest home mortgage lender, enables the American Dream of homeownership and financial freedom through its obsession with an industry-leading, digital-driven client experience. Rocket Mortgage closed $320 billion dollars of mortgage volume across all 50 states in 2020. In late 2015, it introduced the first fully digital, completely online mortgage experience. Currently, 99% of all home loans originated by the company utilize Rocket Mortgage technology.
Rocket Mortgage moved its headquarters to downtown Detroit in 2010. Today, Rocket Mortgage and Rocket Companies employ 24,000 full-time team members nationwide. The company generates loan production from web centers located in Detroit, Cleveland and Phoenix and operates a centralized loan processing facility in Detroit. Rocket Mortgage ranked highest in the country for customer satisfaction for primary mortgage origination by J.D. Power for the past 11 consecutive years, 2010 – 2020, and also ranked highest in the country for customer satisfaction among all mortgage servicers the past seven eight years, 2014 – 2021.
Rocket Companies, Rocket Mortgage's parent company, ranked #5 on Fortune's list of the "100 Best Companies to Work For" in 2021 and has placed in the top third of the list for 18 consecutive years.
For more information and company news visit QuickenLoans.com/PressRoom.
About Rocket Community Fund
The Rocket Community Fund is a partner company of Rocket Companies, which includes Rocket Mortgage – the nation's largest mortgage lender. It also coordinates team member volunteerism for Bedrock and other affiliated companies who comprise the Rock Family of Companies. Its strategy aims to support thriving, resilient and inclusive communities through data-driven investments in housing, employment and public life.
Through its For-More-Than-Profit model, the Rocket Community Fund recognizes that business and community are inextricably linked, and it purposefully brings together all of the assets of the Rocket Mortgage and Rock Family of Companies business – team member talent, technology, policy advocacy, and philanthropic resources – to invest in comprehensive community development in Detroit and across the country.
Alongside financial investments, the Rocket Community Fund has organized team members to provide more than 815,000 volunteer hours nationwide, including 415,000 in Detroit.
For more information, visit RocketCommunityFund.org.,
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SOURCE Rocket Mortgage
Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based holding company consisting of tech-driven real estate, mortgage, and financial services businesses – including Rocket Mortgage, Rocket Homes and Rocket Auto – today announced the Company will issue its second quarter 2021 earnings on August 12, 2021. Management will host a conference call to discuss results at 4:30pm ET on this date, and a press release detailing the Company's results will be issued prior to the call.
Yea, the proof is in the pudding. Personally, I am starving.
RKT News: ROCKETING TO THE SUN: ROCKET COMPANIES TO PROVIDE A SIMPLE, TECH-DRIVEN APPROACH TO SOLAR PANEL INSTALLATION AND FINANCING
The company has forthcoming products that will offer solar panels and financing by early 2022
DETROIT , Aug. 2, 2021 /PRNewswire/ -- Rocket Companies (NYSE: RKT) today announced it is launching into the solar energy industry. The company will be leveraging the same technology, data and client experience that has revolutionized the mortgage, real estate and personal lending spaces to help Americans make their home more energy efficient.
Rocket Companies is a Detroit-based holding company consisting of tech-driven real estate, mortgage and financial services businesses – including Rocket Mortgage, Rocket Homes and Rocket Auto (PRNewsfoto/Rocket Companies)
Rocket Companies' opportunity in green home energy solutions is vast, with the solar industry at a growth inflection point. There have been more than 2 million solar installations in the U.S., with panel installation reaching a record high in 2020, according to a joint study released earlier this year by the Solar Energy Industries Association and Wood Mackenzie. The study also reports that the solar market in the country is expected to quadruple by 2030, with roughly one in eight American homes having solar energy by that year.
"Rocket Companies is uniquely positioned to build trust and education in solar energy, simplifying the entire process through our platform. We have the technology and expertise to provide the best experience possible for homeowners who want to go green," said Jay Farner , Vice Chairman and CEO of Rocket Companies. "This is a perfect synergy between our businesses as we develop a digital solution to ensure Americans can receive solar panels with the same certainty they have come to expect when working with our Rocket platforms."
The company's Rocket Cloud Force will serve as solar advisors, a dedicated group of team members with extensive training in the industry. The team members will help clients determine if solar panels are the best choice for their home. They will then connect homeowners to a simple, digital financing application. Once financing is handled, the Rocket Cloud Force will facilitate the installation of a new solar solution.
These new solar offerings will start in the testing phase in fourth quarter and are expected to be available to the public in early 2022.
As Rocket Companies' first step into green energy, Rocket Mortgage – America's largest mortgage lender – is immediately releasing a new rate-and-term refinance giving homeowners the ability to consolidate any solar panel loan with their mortgage for one low interest rate. This program has an advantage over traditional cash-out refinances since rate-and-term mortgages provide significantly more flexible guidelines than a cash-out, including a loan-to-value (LTV) ratio as high as 97 percent. This new loan option from Rocket Mortgage is crucial for anyone who has an outstanding solar loan. Beyond the lower interest rate, this new mortgage program also gives homeowners the ability to leverage the full value of their existing federal solar Investment Tax Credit (ITC) and any other local tax credits they may qualify for.
Forward Looking Statements
Some of the statements contained in this document are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are generally identified by the use of words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and, in each case, their negative or other various or comparable terminology. These forward-looking statements reflect our views with respect to future events as of the date of this document and are based on our management's current expectations, estimates, forecasts, projections, assumptions, beliefs and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All such forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this document. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled "Risk Factors" in our Annual Report on Form 10-K, Current Reports on Form 8-K, and other filings with the Securities and Exchange Commission. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document and in our SEC filings. We expressly disclaim any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.
About Rocket Companies
Rocket Companies is a Detroit -based holding company consisting of personal finance and consumer technology brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk and Edison Financial. Since 1985, Rocket Companies has been obsessed with helping its clients achieve the American dream of home ownership and financial freedom. Rocket Companies offers an industry-leading client experience powered by our simple, fast and trusted digital solutions. Rocket Companies has approximately 26,000 team members across the United States and Canada . Rocket Companies ranked #5 on Fortune's list of the "100 Best Companies to Work For" in 2021 and has placed in the top third of the list for 18 consecutive years. For more information, please visit our Corporate Website, Investor Relations Website, Twitter page, and our LinkedIn page.
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SOURCE Rocket Companies, Inc.
News Provided by PR Newswire via QuoteMedia
DETROIT, Aug. 2, 2021 /PRNewswire/ -- Rocket Companies (NYSE: RKT) today announced it is launching into the solar energy industry. The company will be leveraging the same technology, data and client experience that has revolutionized the mortgage, real estate and personal lending spaces to help Americans make their home more energy efficient.
This fluff news ain’t gonna move RKT stock at all lol
$RKT in the news here: Lendesk Expands Lender Spotlight with New Alternative Lending Section, Providing Mortgage Brokers Easier Connection to Wide Selection of Lenders
Brokers are now able to leverage a new feature in Lender Spotlight, helping them easily find the right mortgage for their clients
VANCOUVER, BC, July 28, 2021 /CNW/ -- Lendesk Technologies, the premier FinTech provider for Canada's mortgage professionals, and a part of Rocket Companies (NYSE: RKT), today announced its newly created alternative lending section in the company's Lender Spotlight mortgage product – the most complete and accurate digital database of rates and policies for Canada's best mortgage brokers.
Lendesk logo, announced as part of the FoC on April 24, 2019 (PRNewsfoto/Lendesk)
"Canadian mortgage professionals already leverage Lender Spotlight to connect with thousands of lender products," said Alex Conconi, Founder and CEO of Lendesk. "Now, brokers can expand their search to access alternative lenders to ensure they are delivering the best possible loan for their clients. Lender Spotlight was designed to ensure our broker partners are able to deliver their clients the right loan for their situation and this expansion has significantly advanced that mission."
The alternative lending section of Lender Spotlight currently features more than 20 lenders - including Alta West, VWR Capital, Alpha August Real Estate Advisory (AAREA), and Fisgard. Lendesk will be adding additional lenders to the product each week. Mortgage brokers can access the alternative lending section of Lender Spotlight at no cost by visiting LenderSpotlight.ca.
Since launching Lender Spotlight, Lendesk has made significant investments in the database to best serve partners, including the addition of the Compare and Share feature last year. Through this feature, mortgage brokers across the country compare different lenders' mortgage rates and comprehensive policies, line-by-line, in real-time. Brokers can then export them as a package to be easily shared with clients in a secure, professional and accessible way.
Lender Spotlight is also integrated with Finmo, Lendesk's digital mortgage application product. Through this integration, brokers can use Lender Spotlight to search and qualify thousands of products and suggest the best loan options based on specific deal criteria.
About Lendesk
Lendesk is a Canadian technology company that is modernizing the mortgage industry for mortgage professionals and lenders. Lendesk operates Finmo, Lender Spotlight, Gateway and Enterprise solutions, with more than 10,000 mortgage brokers using its products. Secure integrations with other industry providers make for an enhanced user experience, while robust bank-grade security measures provide peace of mind. Lendesk was founded in 2014 by former Mortgage Broker Alex Conconi of Conconi Growth Partners.
Headquartered in Vancouver, British Columbia, the Lendesk team is composed of world-class software developers, app designers and online security experts. Lendesk is SOC 2 audited annually by KPMG.
For more information and company news, visit http://www.Lendesk.com.
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SOURCE Lendesk
Does it sound familiar???
Making billions and why the stock price is where it is. :)
Deja Vu
And here we sit below IPO price with a company that reported billions in profit.
Makes no damn sense.
$RKT News: Sea to Shining Sea: Rocket Homes Real Estate Search Now Available in All 50 States
DETROIT, July 20, 2021 /PRNewswire/ -- Rocket Homes, a tech-based real estate service provider and a part of Rocket Companies (NYSE: RKT), today announced its growing home search tool now includes listings from all 50 states. In addition to housing information on every major metropolitan area across the country, the home search tool also provides exclusive data-rich intelligence to ensure buyers are fully informed before making an offer on the home of their dreams.
"By pairing the ability to quickly find the perfect home for you, along with proprietary market intelligence not available on any other site, Rocket Homes has developed a truly game-changing platform that gives a much-needed competitive advantage in today's incredibly hot housing market," said Doug Seabolt, CEO of Rocket Homes. "Moving beyond the initial home search, through the complementary integration between sister companies Rocket Homes, Rocket Mortgage and Amrock, we've cracked the complexity of the purchase process to create the most seamless end-to-end experience – making what is a traditionally challenging transaction a simple one."
Rocket Homes dives deeper than other home listing sites by providing users with Housing Market Reports. These insights deliver data in an easy-to-consume format, including median list price compared to nearby cities, monthly analysis of number of homes for sale by bedroom count and year-over-year comparison of average days on market. Housing Market Reports help buyers quickly develop a deep understanding of the area they are looking at, right as they begin their home search - allowing buyers and agents alike to move faster, and with more certainty, in the offer process.
Along with having one of the most comprehensive home listing sites on the internet, Rocket Homes prepares consumers for the homebuying experience through industry-leading credit monitoring tools, educational materials and trainings to help homebuyers boost their credit score and ensure they are ready to buy a house. These resources were developed in-house using proprietary technology and are used by clients of many of the businesses across Rocket Companies.
"Rocket Homes achieving 50-state home search is a testament to how Rocket Companies is leveraging data and technology to move the needle - ensuring our clients have the most intuitive solutions to some of life's most complex financial transactions," said Jay Farner, CEO of Rocket Companies. "Americans crave simplicity and certainty when they are navigating major life changes. We are opening the door to more and more consumers who have traditionally shied away from the market by continuing to innovate and deliver industry-leading client experiences."
In addition to home search, Rocket Homes has an expansive Partner Agent Network – a nationwide group of the best real estate professionals who consistently receive top ratings from the clients they serve. The network consists of thousands of agents in more than 3,000 counties. When a homebuyer enters the Rocket platform, they have the ability to be matched with a Rocket Homes Partner Agent based on their precise needs and location. The real estate professional can then use the Rocket Pro Insight tool to help guide their clients through the mortgage process.
The number of visitors to Rocket Homes' website increased more than 300% in the first quarter, as compared to the same quarter last year. Additionally, the number of homebuyers the company connected to Partner Agents in the same period rose 50% year-over-year.
About Rocket Homes
Rocket Homes is a tech-based real estate service provider and home search site which is a part of Rocket Companies (NYSE: RKT). It manages a nationwide Partner Agent Network that includes some of the nation's top agents from 3,000 different counties and has assisted nearly one million consumers with their home buying and selling needs. All of its Partner Agents are prescreened and demonstrate exceptional client service, knowledge and experience in their local communities. Rocket Homes hosts a website and mobile app consumers can use to search for homes, connect with a real estate professional and obtain mortgage approval through sister company Rocket Mortgage - creating a seamless, fully integrated home buying and selling experience. For more information, please visit http://www.RocketHomes.com.
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SOURCE Rocket Homes
Copyright 2021 PR Newswire
Nope, I'll buy here soon!
trying to catch a falling knife !!
RSI 36.64 I'll add when it hits 30 or below $RKT
Yea, whatever. I stopped listening to these analysts a long time ago.
Thanks for the post though
RKT downgraded this morning at Jeffries.
This requires a subscription and we can’t read it. All I know is RKT was one of the only stocks in the market that closed red today. I’m reading online that more people want to take legal action against these guys for misleading guidance at relevant times.
$RKT in the news: The @DetroitNews took at look at Rocket Auto, showcasing what the business does and how it fits in the $RKT platform.
Twitter Link:
The @DetroitNews took at look at Rocket Auto, showcasing what the business does and how it fits in the $RKT platform. Read the article here: https://t.co/ngzQJRfK58
— Rocket Companies (@RocketCompanies) July 8, 2021
Gilbert’s gotta be loving this golf tourney coverage though. Going into the 5th playoff hole right now.
Detroit Free Press, June 29th 8:16 P.M. : Detroit based RKT companies was hit Tuesday w/ a shareholder lawsuit accusing firm & executives of giving misleading guidance that the suit says artificially boosted RKT stock price in the weeks before founder Danny Gilbert & his wife sold 20.2 million shares worth up to $500 million. The lawsuit filed in Detroit claims RKT executives were extremely optimistic to the point of deception & fraud earlier this year when forecasting the anticipated “gain on sale” margin for its loans. But once the May 5th release of 1st quarter earnings were showing these margins were shrinking fast , the stock price dropped from $22.80 a share all the way down to $19.00. During that May earnings call, RKT CFO Julie Booth admitted that the trend toward sinking gain on sale margins began at the “end of Q1” the lawsuit says. A RKT companies rep did not respond to a request for comment.
This ain’t the first lawsuit that rocket has been hit with over the years . Back in 2015 they were hit with a lawsuit for shady practices in their FHA lending business . Glad I exited this for more COIN$$$ shares. The market is up big ever since this IPO and look what rkt shareholders have to deal with - another law suit sent to the boys from the D!
RKT shareholder lawsuit cites Gilbert's $500M Detroit gift
https://www.freep.com/story/money/business/2021/06/29/rocket-companies-shareholder-lawsuit-dan-gilbert-500-million-gift/7805546002/
Stock is under serious hostage. Company making mega bucks but trades on 10ths of a cent. Going to take a LOT of momentum to get it to move.
It’s my opinion the shorts nor the institutions will let it go until they are satisfied with THEIR positions.
Doesn’t seem to matter what Jay or Dan do at this point in my opinion.
Bought some in the low 19's today. Will be adding. =)
I'll buy when RSI HITS 30 and below
I'm going to give it at least 12 months, which is coming up fast. I gave up too soon on FB and don't want a repeat of that.
I'm still in disbelief that RKT went from $20s to $40s and then back below IPO price in about a week, all while reporting billions in profit.
GLTA
I’m Changing my views here. I will no longer be looking to add as this stock has proven to be a “no mover” . I would say to hold or sell rkt and look into other plays like Amazon that are for sure heading higher. At the end of the day it is a mortgage company - probably why hard for investors to get excited about it.
THE UNIVERSITY OF WINDSOR PARTNERS WITH ROCKET INNOVATION STUDIO, UNVEILS PROGRAM PREPARING STUDENTS FOR HIGH-DEMAND TECH JOBS
WINDSOR, ON , June 17, 2021 /PRNewswire/ -- The University of Windsor (UWindsor) today unveiled a partnership with Rocket Innovation Studio , an innovative downtown Windsor -based technology leader, to create a pipeline of highly trained professionals who will thrive for years to come in the region's tech careers.
Headquartered in downtown Windsor, Ontario, Rocket Innovation Studio builds customized IT solutions to meet its clients’ business needs by using and developing the most advanced technology on the market today. Rocket Innovation Studio serves, and is a part of, Rocket Companies (NYSE: RKT) helping drive some of North America’s most innovative companies. For more information and company news visit RocketInnovationStudio.ca
Rocket Innovation Studio will deliver a series of workshops, beginning this month, for students in the Master of Applied Computing (MAC) program. The workshops will focus exclusively on financial technology (FinTech), a rapidly growing field in Ontario .
"This is an exceptional opportunity for our students," said Ziad Kobti , director of UWindsor's School of Computer Science. "We are creating a connection with the FinTech industry. Rocket Innovation Studio is looking for tremendous talent, and we are training our students to match industry's needs."
The first of four online workshops begins tomorrow, June 18 . The for-credit programs are mandatory for UWindsor MAC students, but others in the University's computer science program can also enroll.
"With our growing presence in the Windsor tech community, Rocket Innovation Studio is playing a key role in preparing students for a successful future," said Jasen Sams , vice president of Rocket Innovation Studio. "Students will see real-life examples of the concepts they are learning in the classroom and experience first-hand how technology can improve experiences for consumers across North America ."
Rocket Innovation Studio opened in 2019, contributing to Windsor's downtown revitalization when it moved into the former Fish Market building on Chatham Street.
The company provides tech solutions to the businesses it serves, including back-end and front-end development, data science and product development. Rocket Innovation Studio is a member of Rocket Companies (NYSE: RKT) and serves the tech needs of other FinTech enterprises on the Rocket Companies platform. These include Rocket Mortgage – the largest mortgage lender in the United States – along with tech-driven real estate brokerage Rocket Homes and online vehicle sales company Rocket Auto.
"The partnership with Rocket is important," said Dean of Science Chris Houser, whose faculty houses the School of Computer Science. "This provides an exciting opportunity for our students, supports economic growth and enhances the diversification of the Windsor - Essex region."
UWindsor's School of Computer Science has been cited in past years by Maclean's magazine as one of the top computer programs in the country. The University's MAC program has also been named one of the best computer science programs in Canada , attracting students from around the world.
The MAC program, which offers a specialization in artificial intelligence, helps address a national shortage of skilled workers in computing and data science. It also offers paid internships of four to eight months. More than 94 per cent of students in the program earn paid internships and 100 per cent find employment upon graduation.
"This is an elite program that arms students with the advanced computing skills that are in demand by industry," Kobti added.
Last year, UWindsor partnered with Blackberry on a 10-week online course. The mandatory course for MAC students was dubbed Blackberry Bootcamp and focused on cybersecurity.
"Our MAC students have a very high rate of finding permanent employment following graduation," said Johanna Beneteau , business development co-ordinator in the UWindsor's department of Co-operative Education and Workplace Partnerships. "These industry-partnership courses will only enhance that."
About University of Windsor
The University of Windsor is a progressive, student-centred university, where the challenges of communities and of a world in transition inform the education we provide, the research we do, and the creative endeavours we pursue. For more information, visit UWindsor.ca
About Rocket Innovation Studio
Headquartered in downtown Windsor, Ontario , Rocket Innovation Studio builds customized IT solutions to meet its clients' business needs by using and developing the most advanced technology on the market today. Rocket Innovation Studio serves, and is a part of, Rocket Companies (NYSE: RKT) helping drive some of North America's most innovative companies. For more information and company news visit RocketInnovationStudio.ca
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SOURCE Rocket Innovation Studio
News Provided by PR Newswire via QuoteMedia
Gettin ready here
Danny G & mortgage crew in Detroit can’t be happy ! Down goes the rocket ship! Damn!
Wait for it to bottom (per indicators), she is slow but sure. =)
Sold yesterday $22.35, awaiting reentry, 1st swing here
$RKT one of the easiest stock to swing. JMO =)
Let's hope loaded the 22 RSI with low to mid 16's$
The fakeout breakout! Going Back down below 20 again!
RKT gets Buy rating at Argus, Neutral at Piper
https://seekingalpha.com/news/3704041-rocket-mortgage-stock-gets-buy-rating-at-argus-neutral-at-piper
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