The combined company will service a book of $2.1t of loans and nearly 10m clients. With the deal, Rocket is expanding its reach into the mortgage-servicing market and cementing its position as a one-stop shop for many parts of the homebuying process. Rocket has recently leaned into artificial intelligence to streamline that process, which has saved the company’s underwriters thousands of hours of manual work.
“Servicing is a critical pillar of homeownership — alongside home search and mortgage origination,” Rocket Chief Executive Officer Varun Krishna said in Monday’s statement. “With the right data and AI infrastructure we will deliver the right products at the right time.”
