Rocket Archives

Rocket Homes Tech Chief Unpacks ‘Explore Spaces’ Computer Vision Tool

May 29, 2024 mpsingh No Comments Real estate chief, Explore, Homes, Rocket, tech, Tool, vision

At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. As one of the nation’s largest mortgage lenders, it’s no surprise that Rocket Mortgage has embraced generative AI, automation and machine learning to [...]read moreRocket Homes Tech Chief Unpacks ‘Explore Spaces’ Computer Vision Tool

Rocket bets big on AI for bespoke customer experiences

May 10, 2024 mpsingh No Comments Real estate Customer, Experiences, Rocket

This interview has been edited for length and clarity. Clayton Collins: You entered this business and this industry at a relatively challenging time. What’s your charge in year one as CEO? Varun Krishna: The simple answer is just growth and how you think about strategy that drives sustainable growth, leveraging your assets, your capabilities and [...]read moreRocket bets big on AI for bespoke customer experiences

Rocket Hires First Group CTO To Accelerate AI Development

May 8, 2024 mpsingh No Comments Real estate Development, Group, hires, Rocket

Qualcomm and Intel veteran Shawn Malhotra comes to Rocket from Thomson Reuters where, as head of engineering, he helped the global media giant develop a cloud-based, API-driven generative AI platform. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new [...]read moreRocket Hires First Group CTO To Accelerate AI Development

Rocket hires former Thomson Reuters, Intel executive as its first CTO

May 7, 2024 mpsingh No Comments Real estate Executive, Featured Homepage, hires, Intel, Rocket, Technology

Rocket Companies, the parent of Rocket Mortgage, announced on Monday that it has hired Shawn Malhotra, a former Thomson Reuters and Intel executive, as the first chief technology officer (CTO) in the company’s history. Malhotra will oversee, among other areas, the firm’s artificial intelligence (AI) development, data science, product engineering, technology operations and information security. HousingWire reported in early April [...]read moreRocket hires former Thomson Reuters, Intel executive as its first CTO

Rocket Mortgage Picks Up Market Share — And Turns A Tidy Q1 Profit

May 3, 2024 mpsingh No Comments Real estate Market, Mortgage, picks, profit, Rocket, share, turns

On its quest to reclaim the title of nation’s biggest mortgage lender, Rocket didn’t sacrifice profits, generating $291 million in net income as revenue grew 107 percent from a year ago, to $1.38 billion. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will [...]read moreRocket Mortgage Picks Up Market Share — And Turns A Tidy Q1 Profit

Rocket delivers $291M profit amid improved margins and MSR acquisitions

May 3, 2024 mpsingh No Comments Real estate earnings, Featured Homepage, Improved, profit, Rocket

Rocket Companies, the parent of Rocket Mortgage, delivered a profit in the first quarter of 2024 through initiatives to reduce costs and increased investments in artificial intelligence (AI). In a contracting market, competitors exiting the space have allowed the company to improve market share and gain-on-sale margins. Ultimately, the Detroit-headquartered lender reported a GAAP net income [...]read moreRocket delivers $291M profit amid improved margins and MSR acquisitions

Global Founders Capital will deploy Rocket Internet’s cash instead of raising a new fund

April 26, 2024 mpsingh No Comments Technology founders, fund, global, raising, Rocket

Global Founders Capital, the Berlin-based early stage VC firm with close ties to the German startup factory Rocket Internet, is going to become the venture arm of Rocket Internet. The VC previously raised two $1 billion funds and, just a few years ago, its name appeared in dozens of deals per year. But then, things [...]read moreGlobal Founders Capital will deploy Rocket Internet’s cash instead of raising a new fund

TechCrunch Space: True Anomaly and Rocket Lab will make big moves on orbit (literally)

April 16, 2024 mpsingh No Comments Technology moves, Rocket, Space, TechCrunch, True

Hello and welcome back to TechCrunch Space. I hope everyone had a great time at Space Symposium! Hopefully I’ll see you there next year. Want to reach out with a tip? Email Aria at aria.techcrunch@gmail.com or send me a message on Signal at 512-937-3988. You also can send a note to the whole TechCrunch crew at tips@techcrunch.com. For more [...]read moreTechCrunch Space: True Anomaly and Rocket Lab will make big moves on orbit (literally)

Destiny 2’s Best Rocket Launcher And How To Get It

April 16, 2024 mpsingh No Comments Gaming Destiny, Rocket

Destiny 2 is back on the menu thanks to a brilliant new horde mode called Onslaught. As players return to the sci-fi shooter MMO in droves following the free Into The Light update that’s been showering them with loot, a lot of you are no doubt behind on the latest top gear. Fortunately, Apex Predator [...]read moreDestiny 2’s Best Rocket Launcher And How To Get It

DOJ Vs. NAR, UWM Vs. Rocket, And More: Inman Top 5

April 13, 2024 mpsingh No Comments Real estate DOJ, Inman, NAR, Rocket, Top

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers. Join the movement at Inman Connect Las Vegas, July 30 – August 1! Seize the moment to take charge of the next era in real estate. Through immersive experiences, innovative formats, [...]read moreDOJ Vs. NAR, UWM Vs. Rocket, And More: Inman Top 5