The Fintech established in Detroit, which is also in the middle of acquiring Redfin for $ 1.75 billion, pays a share value of $ 9.4 billion, the companies said in a rack Early Monday morning.
With this acquisition, Rocket has a combined maintenance book of $ 2.1 trillion, spread over nearly 10 million customers. That is one of the six mortgages in America.
“Maintenance is a critical pillar of homeowner – in addition to searching for home and the creation of mortgage,” said Varun Krishna, CEO of Rocket. “With the right data and AI infrastructure, we will deliver the right products at the right time. This way we build lifelong relationships, by proactively unlocking and getting to meet the needs before they occur. We look forward to welcoming the nearly 7 million customers of Mr Cooper.”
Jay Bray, Mr. Cooper’s current CEO, would be president and CEO of Rocket MortGage, reporting to Krishna.
The deal is expected to close in the fourth quarter of 2025.
