Rocket agrees to acquire Mr. Cooper weeks after Redfin deal

Rocket agrees to acquire Mr. Cooper weeks after Redfin deal

Rocket Companies just announced a $9.4 billion acquisition of Mr. Cooper, a major mortgage servicer, shortly after striking a $1.75 billion deal to acquire Redfin. These moves mark a bold effort by Rocket to vertically integrate the entire residential real estate process, from home search to mortgage origination and servicing. With this consolidation, Rocket will control a significant portion of U.S. mortgage servicing and is positioning itself to compete more directly with Zillow and CoStar.

Ralph’s Take

With its latest acquisitions, Rocket isn’t just expanding — it’s reimagining the real estate experience. By combining Redfin’s search platform, Rocket Mortgage’s lending, and Mr. Cooper’s servicing, they now cover nearly the entire buyer journey. These moves make Rocket a serious challenger to giants like Zillow and CoStar. And with $2.1 trillion in loan volume under management — servicing 1 in 6 U.S. mortgages — Rocket is planting its flag as a major force in the housing market.