We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Rocket Companies Completes $14.2B All-Stock Acquisition of Mr. Cooper
Read MoreHide Full Article
Key Takeaways
Rocket Companies acquires Mr. Cooper in a $14.2B all-stock transaction.
The combined firm manages $2.1T in mortgages for almost 10M clients.
RKT expects $500M in annual benefits from revenue gains and cost savings.
Rocket Companies, Inc. (RKT - Free Report) has completed the acquisition of Mr. Cooper Group Inc. in terms of a $14.2 billion all-stock transaction. This deal marks the largest independent mortgage acquisition in U.S. history.
As a result of the acquisition, the combined company is expected to serve nearly 10 million clients, managing a $2.1 trillion unpaid principal balance, which represents roughly one in every six mortgages across the country.
Strategic Implications Behind Acquisition
The combination unites Mr. Cooper’s servicing operations with Rocket’s scale in mortgage origination and its growing real estate and technology platform. Together, the companies will create a comprehensive homeownership ecosystem spanning mortgage origination, servicing, real estate search, title and closing. As part of the transaction, Mr. Cooper and its servicing operations will transition under the Rocket brand.
The integration strengthens client relationships by offering more opportunities to access lending products across the homeownership journey — from initial purchase to refinancing and home equity solutions.
As announced in March, RKT expects the deal to generate $100 million in additional pre-tax revenues from higher recapture rates and other services, along with $400 million in pre-tax cost savings from streamlined operations and technology investments.
The acquisition enhances RKT’s data capabilities, adding nearly 7 million new clients and 150 million annual customer interactions. This expanded dataset will improve automation, personalization and overall operational efficiency. Moreover, the combined companies will benefit from a more balanced business model, allowing them to generate stable earnings across various interest rate environments.
Mr. Cooper Group & Rocket Companies’ Management Remarks
Jay Bray, then CEO of Mr. Cooper, stated that, “This transaction brings to a close a multi-year journey during which Mr. Cooper grew to become the nation's largest servicer and produced enormous value for our clients, partners, stakeholders and investors.”
Bray further added, “Now, by joining forces with Rocket, we start a new journey, which I believe offers an even bigger opportunity. Through the power of our platform and our people, we will create a more personalized experience that makes owning a home more attainable and easier to navigate. Together, we will deliver the change the housing industry needs.”
Varun Krishna, CEO and director of Rocket Companies, stated, "Homeownership is the bedrock of the American Dream. By combining mortgage servicing and loan origination, along with home search through Redfin, we are paving the path for Americans to own the dream."
Krishna further added, "Jay Bray and his team have built a technology-driven platform that is the backbone of Mr. Cooper, helping it scale to become the largest servicer in the country. By integrating Mr. Cooper's servicing strength with Rocket's origination capabilities and AI technology and established strong national brand, our goal is to lower costs and make the process easier."
RKT’s Price Performance & Zacks Rank
Over the past six months, shares of RKT have gained 32.6% compared with the industry’s 25.2% growth.
In September 2025, Apollo Global Management, Inc. (APO - Free Report) completed its previously announced acquisition of Bridge Investment Group Holdings Inc. The all-stock transaction, valued at $1.5 billion, was announced in February 2025.
The acquisition provides APO with immediate scale in real estate equity and enhances its origination capabilities across secular growth areas. Founded in 2009, Bridge manages approximately $50 billion in assets across residential, industrial and niche real estate verticals.
In the same month, BlackRock, Inc.(BLK - Free Report) completed the acquisition of ElmTree Funds, LLC, a St. Louis–based real estate investment firm specializing in net-lease assets.
The deal is part of BLK’s long-term goal to raise $400 billion for private markets by 2030. The acquisition expands BlackRock’s private markets platform, giving clients broader access to alternative investments beyond traditional stocks and bonds.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Rocket Companies Completes $14.2B All-Stock Acquisition of Mr. Cooper
Key Takeaways
Rocket Companies, Inc. (RKT - Free Report) has completed the acquisition of Mr. Cooper Group Inc. in terms of a $14.2 billion all-stock transaction. This deal marks the largest independent mortgage acquisition in U.S. history.
As a result of the acquisition, the combined company is expected to serve nearly 10 million clients, managing a $2.1 trillion unpaid principal balance, which represents roughly one in every six mortgages across the country.
Strategic Implications Behind Acquisition
The combination unites Mr. Cooper’s servicing operations with Rocket’s scale in mortgage origination and its growing real estate and technology platform. Together, the companies will create a comprehensive homeownership ecosystem spanning mortgage origination, servicing, real estate search, title and closing. As part of the transaction, Mr. Cooper and its servicing operations will transition under the Rocket brand.
The integration strengthens client relationships by offering more opportunities to access lending products across the homeownership journey — from initial purchase to refinancing and home equity solutions.
As announced in March, RKT expects the deal to generate $100 million in additional pre-tax revenues from higher recapture rates and other services, along with $400 million in pre-tax cost savings from streamlined operations and technology investments.
The acquisition enhances RKT’s data capabilities, adding nearly 7 million new clients and 150 million annual customer interactions. This expanded dataset will improve automation, personalization and overall operational efficiency. Moreover, the combined companies will benefit from a more balanced business model, allowing them to generate stable earnings across various interest rate environments.
Mr. Cooper Group & Rocket Companies’ Management Remarks
Jay Bray, then CEO of Mr. Cooper, stated that, “This transaction brings to a close a multi-year journey during which Mr. Cooper grew to become the nation's largest servicer and produced enormous value for our clients, partners, stakeholders and investors.”
Bray further added, “Now, by joining forces with Rocket, we start a new journey, which I believe offers an even bigger opportunity. Through the power of our platform and our people, we will create a more personalized experience that makes owning a home more attainable and easier to navigate. Together, we will deliver the change the housing industry needs.”
Varun Krishna, CEO and director of Rocket Companies, stated, "Homeownership is the bedrock of the American Dream. By combining mortgage servicing and loan origination, along with home search through Redfin, we are paving the path for Americans to own the dream."
Krishna further added, "Jay Bray and his team have built a technology-driven platform that is the backbone of Mr. Cooper, helping it scale to become the largest servicer in the country. By integrating Mr. Cooper's servicing strength with Rocket's origination capabilities and AI technology and established strong national brand, our goal is to lower costs and make the process easier."
RKT’s Price Performance & Zacks Rank
Over the past six months, shares of RKT have gained 32.6% compared with the industry’s 25.2% growth.
Image Source: Zacks Investment Research
Currently, Rocket Companies carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Acquisition by Other Finance Firms
In September 2025, Apollo Global Management, Inc. (APO - Free Report) completed its previously announced acquisition of Bridge Investment Group Holdings Inc. The all-stock transaction, valued at $1.5 billion, was announced in February 2025.
The acquisition provides APO with immediate scale in real estate equity and enhances its origination capabilities across secular growth areas. Founded in 2009, Bridge manages approximately $50 billion in assets across residential, industrial and niche real estate verticals.
In the same month, BlackRock, Inc. (BLK - Free Report) completed the acquisition of ElmTree Funds, LLC, a St. Louis–based real estate investment firm specializing in net-lease assets.
The deal is part of BLK’s long-term goal to raise $400 billion for private markets by 2030. The acquisition expands BlackRock’s private markets platform, giving clients broader access to alternative investments beyond traditional stocks and bonds.