Mortgage

Rocket Companies Announces A Number Of Leadership Changes Across Multiple Businesses – NMP

Rocket Companies Announces A Number Of Leadership Changes Across Multiple Businesses – NMP
Written by Publishing Team

Jay Varner, Vice Chairman and CEO of Rocket Companies and former CEO of Rocket Mortgage, will take over as CEO of Rocket Central (formerly Rock Central) – the central hub of the Rocket Companies fintech platform. Varner will retain his role at Rocket Companies to continue driving the growth of the entire ecosystem from mortgage and real estate to auto sales and personal finance. Angelo Vitale, general counsel and secretary of Rocket Companies, who previously served as CEO of Rock Central, will now focus solely on his roles as general counsel and secretary to Rocket Companies.

As a platform company, Rocket Companies offers services from each of its brands to customers who want help getting a loan to buy a house, buy a car, or work on their budget and personal finances. The company says it can now provide simpler assistance regarding the recent acquisition of Truebill.

In his new role at Rocket Central, Varner will lead the company’s technology and data vision, product design, marketing, communications, and other services.

With Farner moving to Rocket Central, Bob Walters — a 25-year veteran of Rocket Mortgage — is promoted to CEO of Rocket Mortgage. He previously served as President and Chief Operating Officer of both the Rocket and Rocket Mortgage companies and will retain his position with the Rocket Companies. In his time as president and chief operating officer of Rocket Mortgage, Walters oversaw the mortgage services, customer experience operations, capital markets and technology teams. As CEO, Walters will be responsible for the vision, strategy, and day-to-day operation of Rocket Mortgage.

Rocket Mortgage also announced that Tim Berkmer, the company’s chief revenue officer, is expanding his responsibilities by also taking on the role of president. Berkmer joined the company in 1996 and is responsible for all of the company’s high revenue generating teams and initiatives – including the mortgage banking and channel partnership with the company.

“We’ve worked hand in hand for decades and will continue to do so,” Varner said. “Bob has a very curious nature, delving into every process to make sure the company capitalizes on every little advantage. Tim has worked closely with the Mortgage Banking team to hone our expertise to deliver an exceptional experience for everyone.”

Under Walters and Berkmer’s leadership, Rocket Mortgage has experienced impressive growth, including becoming the largest mortgage lender in the country, introducing proprietary technology including Rocket Mortgage and Rocket Logic, and maintaining a customer retention rate of over 90%.

In addition to these changes, The Rocket Companies also announced Nicole Petty as Amrock CEO, following the retirement of the former Amrock CEO. Prior to joining Amarok, Betty was an 18-year veteran of Rocket Mortgage.

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