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Rocket Companies

Rocket Companies

Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer service brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk, Edison Financial, and more.

Overview

Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer service brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk, Edison Financial, and more. Rocket Companies aims to assist their clients in achieving homeownership and financial freedom. The company was founded in 1985 by Dan Gilbert.

History

Rocket Companies’ flagship business, now known as Rocket Mortgage, was founded by Dan Gilbert in 1985. Rocket Mortgage was originally founded under the name Rock Financial, and functioned as a brick-and-mortar mortgage company.

In 1996, Rocket Companies founded the concept Mortgage In A Box. This process allowed clients to fill out a mortgage application in the comfort of their homes and send it back when they were ready. The implementation of this concept was one of the first steps the company took to shift its role as a traditional mortgage provider to an online-focused lender.

In 1999, Rocket Companies launched RockLoans.com, a branch-based lender site. That same year Intuit Inc. purchased Rock Financial Corp. and renamed the company Quicken Loans. Original founder, Dan Gilbert, stayed on with Quicken Loans as its CEO during this time. Three years later, in June 2002, Gilbert led a small group of private investors in purchasing the Quicken Loans subsidiary back from Intuit.

Timeline

April 12, 2021
Rocket Companies announces that it has ranked the #5 in Fortune Magazine's annual ranking of the "100 Best Companies to Work For".
2010
Rocket Companies moves to Detroit, MI.

Rocket Companies changed locations from Livonia, Michigan, to downtown Detroit.

2002
Dan Gilbert leads a small group of private investors in purchasing the Quicken Loans subsidiary back from Intuit.
1999
Rocket Companies is purchased by Intuit.

Intuit Inc. purchased Rock Financial Corp. and renamed the company Quicken Loans.

1999
Rocket Companies launches RockLoans.com.

Rocket Companies launched RockLoans.com, a branch-based lender site. RockLoans.com. The company's name was later changed to Quicken Loans.

1996
Rocket Companies creates the idea of Mortgage In A Box.

Rocket Companies created the concept Mortgage In A Box. The concept allows users to fill out a mortgage application in the comfort of thier homes, at their leisure, and send it back when they're ready.

1985
Rocket Companies is founded.

Rocket Companies Inc. began in 1985 by Dan Gilbert when he founded Rocket Mortgage, known then as Rock Financial.

People

Name
Role
LinkedIn

Dan Gilbert

Founder & Board Member

Jonathan Mariner

Board Member

Further reading

Title
Author
Link
Type
Date

About Rocket Companies

Rocket Companies Inc.

Web

Rocket Community Fund donates more than $500,000 to Habitat for Humanity to support housing stability during the COVID-19 pandemic | Rocket Companies

Rocket Companies Inc.

Web

January 15, 2021

Rocket Companies, Inc. (RKT) Stock Price Today, Quote & News

Seeking Alpha

Web

Rocket Mortgage and HomeFree-USA Expand Partnership That Brings Flagship Financial Education Programming to HBCUs | Rocket Companies

Rocket Companies Inc.

Web

February 11, 2021

RocketMortgage.com Launches National Mortgage Broker Directory, Enabling Consumers to Easily Find a Broker in their Hometown | Rocket Companies

Rocket Companies Inc.

Web

January 27, 2021

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
JD Alois
August 2, 2021
Crowdfund Insider
Click HERE to find out ⭐ Rocket Adds Solar Panel Financing to Lending Stack. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Rocket Companies, Inc.
June 3, 2021
www.prnewswire.com:443
/PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based holding company consisting of tech-driven real...
Johnson Fistel, LLP
May 22, 2021
www.prnewswire.com:443
/PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Rocket Companies, Inc. (NYSE: RKT) ("Rocket" or the...
Rocket Companies, Inc.
May 21, 2021
www.prnewswire.com:443
/PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based holding company consisting of tech-driven real...
Rocket Mortgage
May 12, 2021
www.prnewswire.com:443
/PRNewswire/ -- Quicken Loans, America's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), today announced it will officially change its name...
Will Daniel
April 15, 2021
markets.businessinsider.com
The VanEck Vectors Social Sentiment ETF added 21 stocks and dropped 21 others in its April monthly rebalancing on Thursday.
Rocket Companies, Inc.
April 12, 2021
www.prnewswire.com:443
/PRNewswire/ -- Rocket Companies (NYSE: RKT), a Detroit-based holding company consisting of tech-driven real estate, mortgage and eCommerce businesses -...
Will Daniel
March 3, 2021
markets.businessinsider.com
Reddit traders sparred Wednesday over which short-squeeze target should take priority on the message board following Rocket Companies' huge rally a day earlier.
Emily Graffeo
March 3, 2021
markets.businessinsider.com
The UWM Russell announcement coincided with mortgage-stock excitement on social media as Rocket Companies' stock soared.
Isabelle Lee
March 2, 2021
markets.businessinsider.com
In the past 24 hours, two users have posted a screenshot of how much they individually invested in the company. Both have received thousands of upvotes.
Isabelle Lee
March 2, 2021
Business Insider
In the past 24 hours, two users have posted a screenshot of how much they individually invested in the company. Both have received thousands of upvotes.
Rocket Companies, Inc.
March 1, 2021
www.prnewswire.com:443
/PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based holding company consisting of tech-driven real...
Will Daniel
February 26, 2021
markets.businessinsider.com
Rocket Companies posted strong Q4 earnings on Thursday improving net income by 984% in 2020 and posting 144% revenue growth in the quarter.

References

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