Malhotra is a proven technology leader with decades of experience in engineering, product development, and AI strategy for technology and media companies such as Thomson Reuters, Intel, and Qualcomm.
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DETROIT, May 6, 2024 – Rocket Companies (NYSE: RKT), a Detroit-based fintech platform company that includes mortgage, real estate, and other financial services businesses, today announced the appointment of Sean Malhotra as the company's first company, effective May 6, 2024. announced that he will be appointed Group Chief Technology Officer (CTO).
In this role, Mr. Malhotra will oversee technology development and implementation across Rocket Companies' ecosystem, including areas such as artificial intelligence (AI) development, data science, product engineering, technology operations, and information security.
“Sean brings a wealth of expertise and innovative vision to our technology team. As we further strengthen our commitment to innovation, Sean will help us deliver breakthroughs to our customers, partners, and team members. This will help us focus on delivering innovative solutions,” said Varun Krishna, CEO of Rocket Companies. “Sean's primary objective is to increase the speed of innovation and execution within the organization and scale Rocket's AI initiatives. With his fresh perspective and track record of leveraging AI to simplify and automate processes, We are confident that together we can quickly realize our vision of AI-powered home ownership.”
Previously, Mr. Malhotra held various technology leadership roles at Thomson Reuters (NYSE: TRI). Most recently, he was responsible for engineering and product development for the entire company. Under Mr. Malhotra's oversight, Thomson Reuters has established a platform that accelerates the development of generative AI solutions while introducing industry-leading AI assistants across all Thomson Reuters products. Previously, he served as CTO of Thomson Reuters' Corporate Technology business unit. When he joined the company in 2017, he was instrumental in establishing Thomson Reuters' Toronto Technology Center, a division of the company focused on prioritizing AI talent and research into AI and other innovations. He was instrumental in expanding TR Labs.
“I am looking forward to joining Rocket Companies at this important time in its history and am eager to explore how AI can simplify the path to homeownership,” said Sean. Stated. “I truly believe in the transformative potential of AI technology. Few missions are more important or worthy of its power than Rocket’s goal of making housing more accessible for all.”
Prior to joining Thomson Reuters, Mr. Malhotra spent 12 years at Intel, including at Altera before the company was acquired by Intel. He led Intel's Toronto Technology Center with his 200 software engineers and served as Director of Software Development. Malhotra started his career as a software developer at Qualcomm.
Mr. Malhotra joins Rocket at a critical time. Just last month, Rocket Companies announced Rocket Logic and Rocket Logic – Symbols. This tool uses generative AI to quickly automate manual tasks that would normally take humans hours to complete. This includes classifying documents, extracting customer data, tracking sentiment, and recording customer patterns and preferences. AI allows his team members to focus on what matters most, building relationships with people on their journey to homeownership and strengthening relationships of trust with Rockets' millions of customers.
Malhotra earned a Bachelor of Applied Science in Computer Engineering from the University of Waterloo, graduating with honors. He also earned a master's degree in engineering from the University of Toronto. Malhotra is credited with five U.S. patents and two published papers.
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About the rocket company
Founded in 1985, Rocket Companies (NYSE: RKT) is a Detroit-based fintech platform company that includes Rocket Mortgage, Rocket Homes, Amrock, Rocket Money, Rocket Loans, Rocket Mortgage Canada, Lendesk, and Core Digital Media. including personal finance and consumer technology brands. .
We help our clients achieve their goals of homeownership and financial freedom through an industry-leading client experience powered by simple, fast, and reliable digital solutions. J.D. Power has ranked Rocket Mortgage No. 1 in customer satisfaction for both primary mortgage origination and servicing a total of 21 times.
For more information, please visit our corporate website or our investor relations website.
