User:Investor Day/Rocket Companies
| Rocket Companies, Inc. | |
| Company type | Public Holding Company |
| Industry | Financial Technology and Services |
| Founded | 1985 in Detroit, Michigan, USA |
| Founder | Dan Gilbert |
| Headquarters | 1050 Woodward Avenue, Detroit, Michigan 48226 |
Key people | Dan Gilbert, Founder and Chairman
Varun Krishna, CEO, Rocket Companies and Rocket Mortgage Bill Emerson, President, Rocket Companies |
| Owner | Dan Gilbert through Rock Holdings, LLC and Rock Ventures, LLC |
| Parent | Rock Holdings, LLC |
| Subsidiaries | Rocket Mortgage, Amrock, Lendesk, Rocket Homes, Rocket Loans, Rocket Money, Woodward Capital Management, Rocket Innovation Studio |
| Website | rocketcompanies |
Rocket Companies, Inc. is a Detroit-based financial technology holding company. Its subsidiaries offer a range of financial services, including mortgage lending, personal finance tools, and real estate services.[1]
Rocket Companies acts as a holding company for several Rocket-branded businesses as well as a group of other non-rocket-branded companies. Most of these businesses utilize a shared technology platform that allows subsidiaries of Rocket Companies to integrate their services.[2][3] The company's mission statement states:
"Helping clients achieve homeownership and financial freedom with simple, fast and trusted digital solutions."[4]
In 2018, Rocket Companies' flagship business, Rocket Mortgage, became the #1 retail mortgage lender, surpassing Wells Fargo.[5]
Subsidiaries
[edit]| Name[6] | Service |
|---|---|
| Rocket Mortgage, LLC | Home Loans/Mortgages |
| Amrock* | Residential and commercial title insurance, property valuations and settlement services |
| Rocket Homes | Proprietary home search platform and real estate agent referral network |
| Rocket Loans | Online personal loans |
| Rocket Money | Personal finance and budgeting app |
| Lendesk | Canadian mortgage technology company |
| Core Digital Media* | Online marketing platform in the mortgage and personal finance sectors |
*These companies, while affiliates of Rocket Companies, Inc., are now owned by Rocket Companies and are technically not subsidiaries. Instead, they are wholly owned sister companies owned by the parent company Rock Holdings.
Effective control over Rocket Companies, Inc. is exercised by the holding company Rock Holdings Inc. which owns a majority of Class D shares of NYSE:RKT. (Each Class D share is separate from the common Class A series of shares. This allows Rock Holdings Inc. to have majority control over Rocket Companies Inc. without owning a controlling share of NYSE:RKT.
Rock Holdings Inc. is the FinTech-focussed holding company of its parent company, Rock Ventures, LLC. Rock Ventures, LLC is the holding company for the Gilbert family businesses and organizations including Rock Holdings Inc., the Cleveland Cavaliers, Bedrock, and Jack Entertainment.
References
[edit]- ^ "Rocket Companies, Inc. (RKT)".
- ^ "About Rocket Companies". Rocket Companies. Retrieved 2024-07-24.
- ^ Homes, Rocket. "Rocket Homes Combines Every Aspect of Home Buying and Selling into One Simple, Customizable Platform". www.prnewswire.com. Retrieved 2024-07-24.
- ^ "About Rocket Companies - Benefits, Mission Statement, & Photos | JobSage". www.jobsage.com. Retrieved 2024-07-24.
- ^ "Quicken Loans tops Wells Fargo to become No. 1 in retail home loans".
- ^ "Our Companies". Rocket Companies. Retrieved 2024-07-24.
- ^ www.sec.gov https://www.sec.gov/Archives/edgar/data/1805284/000104746920004008/a2241988zs-1.htm. Retrieved 2024-07-24.
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