"Combined, the companies will have a servicing portfolio of nearly 10 million homeowners. At the end of the second quarter, they jointly held $1.27 trillion in owned mortgage servicing rights (MSRs), according to Inside Mortgage Finance. Rocket's mortgage production rose to $29 billion from April through June, while Mr. Cooper funded $9.4 billion in Q2 2025. Rocket also recently closed its $1.75 billion acquisition of Redfin, building on a $500 million investment in data and AI technology."
"The completed transaction merges Redfin's home search platform which draws 50 million monthly visitors, includes 1 million active purchase and rental listings, and supports a network of more than 2,200 agents with Rocket's mortgage services. By integrating Mr. Cooper's servicing strength with Rocket's origination capabilities, AI technology, and established national brand, our goal is to lower costs and make the process easier,"
Rocket Companies completed the acquisition of Mr. Cooper, creating a combined servicing portfolio of nearly 10 million homeowners and $1.27 trillion in owned mortgage servicing rights (MSRs). Rocket's mortgage production reached $29 billion in April–June, while Mr. Cooper funded $9.4 billion in Q2 2025. Rocket previously closed a $1.75 billion acquisition of Redfin following a $500 million investment in data and AI. Redfin's platform attracts 50 million monthly visitors, hosts 1 million active listings, and supports over 2,200 agents. The integration pairs Mr. Cooper's servicing with Rocket's origination, AI capabilities, and national brand to reduce costs and simplify homeownership.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]