Very interesting..so together, this would look less like a bank and more like an end-to-end housing & finance platform, why some say the Amazon of housing.
And If you add a venture capital/investment layer, Rocket could perhaps fund startups in fintech, AI underwriting, green housing and spin up global platforms that connect real estate, lending, and consumer finance internationally. It would be a multinational financial conglomerate without banking and could look like Rocket + Cooper + Redfin + fintech arms + a venture capital wing, basically a platform that owns the rails of housing finance and real estate globally, but doesn’t hold deposits. Like Blackstone + SoftBank + Zillow, rolled together, rather than another WaMu.
JHD