Rocket Companies Introduces Rocket Logic AI Platform to Make Homeownership Faster and Easier [Yahoo! Finance]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Yahoo! Finance
DETROIT April 9, 2024 /PRNewswire/ -- Rocket Mortgage , America's largest retail mortgage lender and a part of Rocket Companies (NYSE: RKT), today unveiled Rocket Logic – the company's patented artificial intelligence (AI) driven technology platform designed to make homeownership simpler and quicker. This platform makes the mortgage process more efficient by combining insights from more than 10 petabytes of proprietary data and 50 million annual call transcripts with state-of-the-art deep learning and generative AI systems, allowing Rocket Mortgage to close more loans faster. Through Rocket Logic, homebuyers spend less time answering questions and confirming details for mortgage bankers. The technology also helps give clients confidence by letting them know quickly, with certainty, if they are qualified for a mortgage. The system is built on deep learning algorithms to increase efficiency and accuracy while simultaneously re-enforced by underwriter oversight to continuously improve
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RKT
Earnings
- 5/2/24 - Beat
RKT
Sec Filings
- 5/2/24 - Form 8-K
- 5/1/24 - Form 4
- 4/26/24 - Form 4
- RKT's page on the SEC website