"Emerson, who joined Rocket 32 years ago, served as CEO from 2002 to 2017, guiding the company through a period of massive growth. He also briefly returned as interim CEO between June and September 2023, before Varun Krishna a fintech veteran with prior leadership roles at Intuit and PayPal was named CEO. Emerson then transitioned into the role of president."
"The Rocket spokesperson said no one will assume the title of president at this time. The announcement comes as Rocket Companies, parent of Rocket Mortgage, has returned to profitability. In the second quarter of 2025, Rocket posted $34 million in GAAP net income and $29 billion in mortgage production, up from $21.5 billion in the first quarter. The company is also integrating its recent acquisition of Redfin and preparing to close its planned acquisition of Mr. Cooper in the fourth quarter of 2025."
Emerson retired after a 32-year tenure at Rocket, adding to multiple leadership changes including the departures of CEO Jay Farner in June 2023 and president Tim Birkmeier in March 2024. Emerson served as CEO from 2002 to 2017 and briefly returned as interim CEO between June and September 2023 before Varun Krishna, a fintech veteran from Intuit and PayPal, was named CEO. Emerson then transitioned into the role of president and previously served as vice chairman of Rock Holdings Inc. and held leadership positions at Bedrock. No one will assume the title of president at this time. Rocket returned to profitability in Q2 2025 with $34 million GAAP net income and $29 billion in mortgage production, and is integrating Redfin while preparing to close the planned acquisition of Mr. Cooper in Q4 2025.
Read at www.housingwire.com
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