Page 5 - Rocket Cos News Today

Known primarily as a real estate brokerage, Fathom got into the mortgage business last year with the acquisition of Encompass Lending Group.

Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies.

An investor in Rocket Companies Inc. — which operates Rocket Mortgage, Rocket Homes, and Rocket Auto — filed a derivative lawsuit accusing the company’s founder and chairman of insider trading, claiming he sold $500 million in stock last year based on “material, non-public information about Rocket.” The 40-page complaint, first reported by Reuters news service, was filed Monday in the Court of Chancery in Delaware by shareholder Christopher Vargoshe. It names Rocket Chairman Daniel GIl...

As rising mortgage rates threaten profits, the nation's largest mortgage lender positions itself as more than a provider of home loans.

Bob Walters' decades of experience with the brand offers stability as it fights to remain at the forefront amongst its competitors in mortgage and related businesses.

Tim Birkmeier, chief revenue officer at Rocket Mortgage, adds the president's role as part of the changes.

The Real Brokerage reported a third quarter net loss of $1.06 million on $39.8 million in revenue as its agents facilitated $1.44 billion in transactions.

The higher dollar amounts could be a way for companies to drive volume at a time when rates are increasing.

Other providers like DocMagic and SimpleNexus offer similar services to originators who have yet to adopt the technology in substantial numbers.

United Wholesale Mortgage racked up record purchase loan originations during the second quarter of 2021 as the refinancing boom continued to wane, helping the company boost overall loan production to a new high.