Rocket Companies completed the acquisition of Mr. Cooper for $14.2bn.

Rocket Companies, the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, completed the acquisition of Mr. Cooper, a home loan servicer headquartered based in Dallas, Texas, for $14.2bn. “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. 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,” Jay Bray, Mr. Cooper CEO.