Rocket
Companies,
the
parent
of

Rocket
Mortgage,
promoted
Noah
Edwards
as
the
firm’s
chief
accounting
officer.
Edwards
will
replace
Brian
Brown,
who
had
assumed
the
CAO
position
in
addition
to
being
the
company’s
chief
financial
officer
and
treasurer.

As
chief
accounting
officer,
Edwards
will
receive
a
base
salary
of
$358,000.
He
will
be
eligible
for
other
compensation
and
benefits
provided
to
similarly
situated
team
members,
according
to
an

8-K
filing
with
the


U.S.
Securities
and
Exchange
Commission
(SEC).  

Edwards
was
most
recently
Rocket’s
senior
vice
president
of
accounting,
a
position
he
served
in
since
November
2022,
before
he
was
promoted
to
vice
president
of
accounting
and
director
of
accounting.

Rocket
has
gone
through
other
major
leadership
changes
in
the
past
year,
with
the
most
recent
being
the

departure
of
Tim
Birkmeier,
president
of
Rocket
Mortgage.

Birkmeier
announced
his
retirement
from
Rocket
this
month,
ending
a
nearly
28-year
stint.
No
one
will
be
filling
the
position
immediately,
the
company
announced.

Rocket
has
been
also
been
adding
board
members.

Varun
Krishna,
CEO
of
Rocket
Companies,
joined
the
board
in
December,
while
fintech
expert

Alastair
(Alex)
Rampell
added
Feb.
1.
Rocket
now
has
a
total
of
nine
members
on
its
board
of
directors.

The
company
—
under
the
helm
of
Krishna,
a
veteran
in
the
financial
technology
world
—
is
focused
on
technology
more
than
ever. 

Rocket
piloted
an

AI
virtual
assistant,
which
resulted
in
the
automation
of
nearly
two-thirds
of
its
income-verification
tasks
in
December
2023.

Going
forward,
Rocket
plans
to
expand
AI
to
other
business
channels
to
drive
enhanced
client
experiences
and
operational
efficiency.
Rocket
reported
a

GAAP
net
loss
of
$390
million
in
2023
and
an
adjusted
net
loss
of
$143
million.
In
its
fourth-quarter
earnings
report,
executives
stated
that
the
company
expects
to
continue
growing
market
share
through
its
AI
strategy.

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