Rocket Cos. President Bill Emerson will retire at the end of the year, the company announced.
The longtime executive and CEO of Rocket Mortgage from 2002 to 2017 will retire but remain on the Board of Directors, according to a Securities and Exchange Commission filing this week. Emerson helped lead the lender and servicer through its
"Bill is a champion of our culture and ISMs, helping shape the values that guide us," the company said in a statement, referring to Rocket's internal culture guidelines. "... We're deeply grateful for his impact and the legacy he continues to build."
The statement described Emerson's career at Rocket, beginning 32 years as a mortgage banker when the business was known as Quicken Loans. He was
Emerson also was the vice chairman of parent company Rock Holdings from 2017 to 2023, and served in a leadership role at the Bedrock real estate development business from 2020 to 2023. There are currently no plans for someone to assume Bill's title as president of Rocket Cos., a spokesperson said.
The lender grew into a household name during Emerson's tenure, while the CEO was a cheerleader for digital mortgage adoption. He notably defended Rocket's direct-to-consumer model, particularly after its
The departing president leaves the lender on strong footing, as it continually generates quarterly
The mortgage giant also
