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Rocket Mortgage plans to double its purchase market share by 2027

Housing Wire

Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform.

Mortgage 459
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Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

Brokerage 482
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Rocket to Acquire Mr. Cooper in $9.4B Transaction

Appraisal Buzz

By combining Mr. Cooper and Rocket, we will form the strongest mortgage company in the industry, offering an end-to-end homeownership experience backed by leading technology and grounded in customer care. The combined company will attain a balanced business model and maintain stability in all market environments.

Clients 407
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Rocket to Purchase Redfin for $1.75B

Appraisal Buzz

Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. Rocket and Redfin have a unified vision of a better way to buy and sell homes, said Krishna.

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Rocket is acquiring Redfin’s huge flow of purchase leads. Can the mortgage giant convert them?

Housing Wire

“ It won’t do much now because their market shares are relatively small, but in a couple years they’re going to have a wall of scalps,” said one attendee. Such a scenario would see Rocket, which currently lags behind arch-rival United Wholesale Mortgage , capture about 16% of the purchase market.

Mortgage 281
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The Post-COVID shift: What Amazon and Zillow can’t do

Housing Wire

This tipping point came after several years of rapid technology growth in our industry. The trends we elaborated on two years ago, pre-COVID, are now the standard: Digital is the new normal and technology is now the price of entry rather than a competitive advantage. By 2027, the mortgage industry is going to look completely different.

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The crypto-mortgage is the new kid on the block

Housing Wire

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. By one estimate , the global cryptocurrency market, although volatile, is valued today at around $1.8

Mortgage 476