On Thursday, Dark Matter Technologies announced the promotion of Vikas Rao from chief technology officer to CEO, with Rao replacing Sean Dugan. At the same time, the Florida-headquartered company announced layoffs impacting 5% of its workforce. The roles affected were not immediately announced. Rao, just one day into his new role heading the technology company, […]
Dark Matter’s new CEO on AI, layoffs and growth strategy Read More »
Dark Matter Technologies on Thursday appointed Vikas Rao as CEO, elevating him from the role of chief technology officer as the mortgage technology firm is poised to accelerate its AI-driven strategy and growth plans. Rao succeeds Sean Dugan and will lead the company’s next phase with a mandate to translate its technology investments into stronger
Dark Matter promotes Vikas Rao to CEO, announces layoffs Read More »
Morgan Stanley’s reported layoff of about 3% of its workforce — roughly 2,500 employees — is affecting some staff working on mortgage origination services for wealth management clients. The bank is cutting positions across its estimated 83,000-employee global workforce due to shifts in business priorities, geographic strategy changes and individual job performance considerations, people familiar
Morgan Stanley cuts 2,500 jobs across divisions Read More »
Fannie Mae‘s latest Mortgage Lender Sentiment Survey points to a growing trend of lenders that want to make the mortgage process and its various components as efficient as possible. In 2025, lenders ranked streamlined business processes, reduced costs and consumer-facing technology as their leading priorities. Every touch point in a mortgage’s life cycle — from
Rocktop’s Cade Thompson on inefficiencies in mortgage lending Read More »
Rocket Companies has begun to reshape Rocket Homes, its real estate subsidiary, following the closing of its acquisition of Redfin. The changes include sunsetting Rocket Homes’ search portal, consolidating agent networks and executing layoffs. Users who visit the Rocket Homes website are now met with a message stating they “can search for homes on Rocket
Rocket revamps real estate arm, moves home search to Redfin Read More »
Detroit-based Rocket Companies confirmed a company-wide layoff on Friday, just weeks after completing its $1.75 billion all-stock acquisition of real estate brokerage Redfin. The cuts affected roughly 2% of the firm’s workforce. “Following the Redfin acquisition, we carefully reviewed our combined structure, identified overlapping roles and made the difficult decision to streamline teams,” a spokesperson
Rocket lays off 2% of workforce after closing Redfin acquisition Read More »