Rocket launches patented AI-driven tech platform [Yahoo! Finance]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Yahoo! Finance
nearly 90% of data points extracted from documents in a month and reduce by 25% the number of times a professional interacts with a mortgage loan year over year, the company claims. The launch is part of the decision of its parent firm, Rocket Companies, to put AI at the center of its business strategy. It's supported by Varun Krishna , a veteran in the financial technology world and former executive at Intuit and PayPal , who was appointed as the company's new CEO in July 2023, replacing Bob Walters. Under Krishna's leadership, Rocket piloted an AI virtual assistant with 325 mortgage bankers for outbound client calls in the fourth quarter of 2023. The assistant automatically transcribes, summarizes, and populates hundreds of crucial application fields hands-free in real-time, enabling bankers to be more productive. In February, the company expanded its board of directors from eight to nine, onboarding the AI and fintech expert Alastair (Alex) Rampell to provide insights as the
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News
- Rocket Companies Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Rocket Companies Announces First Quarter 2024 ResultsPR Newswire
- Ahead of Rocket Companies (RKT) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Mortgage Interest Rates Today, April 28, 2024 | Rates Tick Up Following Inflation Report [Business Insider]Business Insider
- Rocket Companies Introduces Rocket Logic - Synopsis AI Tool to Analyze and Transcribe Calls, Personalizing Client Interactions [Yahoo! Finance]Yahoo! Finance
RKT
Earnings
- 2/22/24 - 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