Rocket Companies announced the appointment of Shawn Malhotra as its Chief Technology Officer, effective May 6, 2024. In this role, Malhotra will oversee the development and implementation of technology across the company's ecosystem, with a focus on Artificial Intelligence (AI) development, Data Science, Product Engineering, Technology Operations, and Information Security.
Rocket Companies' CEO, Varun Krishna, expressed confidence in Malhotra's abilities, stating, "Shawn brings a wealth of expertise and a transformative vision to our technology teams. As we double down on our commitment to technology innovation, Shawn will help us focus on delivering groundbreaking solutions to our clients, partners and team members."
Malhotra, who previously held technology leadership roles at Thomson Reuters, shared his excitement about joining Rocket Companies, saying, "I am looking forward to being part of this pivotal time in Rocket Companies’ history and am eager to explore how AI can simplify the path to homeownership."
With a background at Thomson Reuters and Intel, Malhotra brings a wealth of experience in technology leadership and AI development to Rocket Companies. His appointment comes at a significant moment for the company, following the recent announcement of Rocket Logic and Rocket Logic – Synopsis, tools that leverage generative AI to automate manual tasks and enhance client experiences.
Rocket Companies, a Detroit-based fintech platform company, aims to make homeownership more accessible through innovative digital solutions. J.D. Power has ranked Rocket Mortgage #1 in client satisfaction for both primary mortgage origination and servicing a total of 21 times.
For more information about Rocket Companies and its services, visit the Company’s Corporate website or Investor Relations website.