Rocket Companies in leadership shake-up – new CEO of Rocket Mortgage

Holding firm says changes will "further the company's trajectory of success"

Rocket Companies in leadership shake-up – new CEO of Rocket Mortgage

Rocket Companies has announced a series of promotions and leadership changes across several of its businesses, which it says will “further the company’s trajectory of success.”

The holding firm revealed that Jay Farner, vice chairman and chief executive officer of Rocket Companies and previous CEO of Rocket Mortgage, will assume the title of CEO for Rocket Central (formerly Rock Central), the centralized hub for the Rocket Companies fintech platform.

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In a statement, Rocket Companies said that, in his new role, Farner will “drive the vision for the technology, data, product design, marketing, communications, and other services the company provides – ensuring there is a consistent, seamless experience for clients across the Rocket Companies ecosystem.”

With Farner’s move to Rocket Central, the holding firm confirmed that Bob Walters has been promoted to CEO of Rocket Mortgage. He previously served as the president and chief operating officer of both Rocket Companies and Rocket Mortgage and will retain his position at Rocket Companies.

In his time as president and COO of Rocket Mortgage, Walters oversaw the mortgage servicing, client experience operations, capital markets, and technology teams. In his new role as CEO, Walters will be responsible for the vision, strategy and the day-to-day operation of Rocket Mortgage.

Rocket Mortgage also announced Tim Birkmeier, the company’s chief revenue officer, will be assuming the role of president. Birkmeier, who joined the company in 1996, is responsible for all teams and initiatives that create top-line revenue for the company – including mortgage banking and the company’s Partnership Channel.

“Rocket Mortgage is in excellent hands with Bob and Tim, who have been instrumental drivers in the company’s growth,” said Farner.  “We have worked side-by-side for decades and will continue to do so.”

In addition to these changes, Rocket Companies also recently announced Nicole Beattie as CEO of its Amrock real estate title company, following the retirement of Amrock’s prior chief executive. Before joining Amrock, Beattie was an 18-year veteran of Rocket Mortgage.