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Rocket Mortgage

Online home loan application and approval

Property Management Intern - Commercial Property Management, Residential Property Management

Summer 2027Updated on 10/23/2026Deadline 11/11/26
$18/hr
Internship
Bachelor's
Detroit, MI, USA
In PersonFully on-site Monday through Friday at offices and properties in downtown Detroit.
Real EstateReal Estate Property Management

About the job

Requirements
  • Applicants must be entering their junior year or higher in fall 2027.
  • Applicants must be pursuing a degree related to the team or business area selected in their personal essay.
  • Previous internship or work experience is beneficial.
  • Applicants must be able to perform tasks within established procedures.
  • Applicants must be able to think critically and solve problems at a basic level.
  • Applicants must be able to work independently and collaborate effectively in a team environment.
  • Applicants must be proficient in Microsoft Office, including Excel, PowerPoint, and Word.
  • Applicants must have strong verbal and written communication skills.
  • Applicants must submit a personal essay of no more than 500 words addressing why they are applying, their preferred property management team and how it aligns with their interests, background, and career aspirations, and what they hope to learn or accomplish and how the internship fits their goals.
Responsibilities
  • Gain hands-on experience with the assigned team or business area.
  • Work and collaborate with others.
  • Contribute to impactful projects while learning about the company's full-cycle real estate and development work.
Desired Qualifications
  • Previous internship or work experience is beneficial.

About the company

Rocket Mortgage provides home loan services by offering a digital mortgage experience that lets customers apply for and manage home loans online. Its product works through an online application that guides users through the loan process, enables digital document submission, and streams underwriting, approval, and closing steps, often with fast pre-approval and real-time status updates. The company differentiates itself from competitors by focusing on a fully online, customer-friendly experience designed for speed and clarity, reducing paper work and in-person meetings. Its goal is to simplify buying and financing a home, making the mortgage process faster, more transparent, and accessible to more borrowers.

Company Size

5,001-10,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Detroit, Michigan

Founded

2018

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Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 purchase share hit 6.2%, refinance share 14.3%, both records.
  • Q2 2026 adjusted EBITDA reached $766 million, Rocket's best profitability in four years.
  • Redfin and Mr. Cooper deals expanded Rocket's cross-sell pool to 9.4 million serviced loans.

What critics are saying

  • DOJ and class-action suits accuse Rocket of steering and appraisal discrimination; settlements loom.
  • UWM and Rocket are locked in costly borrower poaching litigation over Mr. Cooper loans.
  • Structural remedies could break Rocket's referral network and Redfin cross-sell engine.

What makes Rocket Mortgage unique

  • Rocket combines origination, Redfin, Mr. Cooper servicing, and title across one platform.
  • Rocket became first lender to default to VantageScore 4.0 in Q4 2026.
  • Rocket's digital mortgage workflow cuts friction and links home search to financing.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Retirement Plan
  • Paid Vacation

Company News

KTVO
Oct 21st, 2026
Dan Gilbert pledges $1 billion to redevelop Detroit's Renaissance Center.

Dan Gilbert pledges $1 billion to redevelop Detroit's Renaissance Center. Dan Gilbert, co-founder of Rocket Mortgage, says he will contribute $1 billion to redevelop Detroit's Renaissance Center. * By ALEX DANIELS of The Chronicle of Philanthropy - Chronicle of Philanthropy * Oct 21, 2026 Dan Gilbert, the billionaire co-founder of Rocket Mortgage, says he will contribute $1 billion to the redevelopment of the Renaissance Center in Detroit, a set of skyscrapers that formerly housed the headquarters of General Motors. Set along the Detroit River, the center was hailed as a major success in revitalizing the city after riots in the late 1960s, but in recent years it has become almost entirely vacant and fallen into disrepair. By creating a nonprofit to manage his blockbuster $1 billion commitment, Gilbert says he is sending a signal to city residents that he is not in it for the money. The total cost of the project might reach $2.2 billion and includes investments from General Motors. "We all share the goals of bringing new life to the Renaissance Center, of building a thriving riverfront district for all to enjoy, and of maximizing positive community impact," Gilbert said in a statement. "I cannot think of a better way to accomplish these goals than through a nonprofit organization dedicated to this mission in perpetuity." According to Gilbert's statement, the new organization will be a 501(c)(4) nonprofit, which can engage in unlimited lobbying. Donations to such organizations are not tax-deductible. Gilbert did not return requests for comment. Jamaine Dickens, chair of the city Neighborhood Advisory Council for the section of the city where the Renaissance Center is located, said the project could generate 8,000 local construction jobs. It would also make the riverfront a more inviting place, he said. "Detroit is one of the most segregated communities in America, but that riverfront is where everyone comes together and enjoys it all at the same time, despite age, despite gender, despite race," he said. Nonprofit structure can lead to public good. Gilbert's announcement is the latest in a string of commitments to Detroit from the Rocket Mortgage founder and one of many large-scale investments by philanthropy into the city's future. In 2013, a group of foundations put a combined $816 million into a plan known as the "grand bargain," which allowed the city to fulfill its pension obligations and fend off bankruptcy without selling art treasures from the Detroit Institute of Arts. Last year, when the Kresge Foundation announced it would relocate its headquarters to Detroit from its longtime home in the suburbs, it committed nearly $200 million to development projects in the northwest region of the city. Rip Rapson, Kresge's president and a key player in the grand bargain, hailed Gilbert's announcement in an email, saying it was a "powerful reminder" of the important role foundations can play in democratizing public spaces, making them useful and accessible to all of the city's residents and visitors alike. It would transform the riverfront area from being "less than inviting at best, and forbidding at worst" to a destination point. By making the investment through a nonprofit, Rapson said, Gilbert was sending a positive message. Rapson told a gathering of Kresge staff the day of Gilbert's announcement that the details would need to be examined, but he thought that "the creation of what will, in effect, be a form of conservancy, strikes me as a move genuinely aimed at ensuring... that civic engagement will be a priority in the project's design and operations." Some advocates question use of tax incentives. Developers often argue that new construction creates jobs and adds to city revenue to build parks and provide other public services. But, historically, major development projects in Detroit, like those in most major cities, have come under fire because of tax incentives local jurisdictions give to developers. According to a 2024 report from Detroit Action, a progressive nonprofit advocacy group, the city lost almost $750 million in tax revenue because of tax abatements and other favorable tax treatment given to corporate developers. Detroit Action, which did not return calls for comment, was skeptical in its report. "For these benefits to materialize, the City must prioritize its residents' needs first," the report states. "Deficiencies in critical areas like housing, education, and transportation prevent working class Detroiters from fully benefiting from the jobs and amenities development brings." The Renaissance Center project has received $75 million from the Detroit Downtown Development Authority, which will be reimbursed, and is seeking more than $300 million in other tax benefits. Dickens, of the neighborhood advisory group, said that any slim revenue that comes in after covering operational expenses and debt would be directed right back into the project, rather than adding to Gilbert's fortune. The traditional narrative used by opponents of tax breaks for building is, "We don't want tax incentives to make a billionaire richer," Dickens said. "Dan Gilbert would erase that narrative for this project by saying this is not a profit-making venture, this is an impact-making venture," Dickens said. "He's saying 'I'm not in this for the money I'm in this for the impact.'" Alex Daniels is a senior reporter at the Chronicle of Philanthropy, where you can read the full article. This article was provided to The Associated Press by the Chronicle of Philanthropy as part of a partnership to cover philanthropy and nonprofits supported by the Lilly Endowment. The Chronicle is solely responsible for the content. For all of AP's philanthropy coverage, visit https://apnews.com/hub/philanthropy.

Investor's Business Daily
Sep 29th, 2026
Fair Isaac tanks after government snaps FICO score monopoly for mortgage pricing.

Fair Isaac tanks after government snaps FICO score monopoly for mortgage pricing. Shares of Fair Isaac, the company behind the FICO credit rating, tanked on Tuesday after government officials indicated it would no longer be the sole score used to determine mortgage pricing. Fair Isaac (FICO) stock sank about 18% on the news, according to MarketSurge. How To Use Average True Range (ATR) In A Dangerous Market Environment IBD Senior Market Strategist Mike Webster walks investors through how to use the 21-day ATR in a dangerous market environment. How To Use Average True Range (ATR) In A Dangerous Market Environment See All Videos Director of Federal Housing Bill Pulte announced the changes after the close on Monday. The new policy aims to simplify mortgage pricing by creating a single pricing grid for the Federal National Mortgage Association, known as Fannie Mae (FNMA), and the Federal Home Loan Mortgage Corporation, or Freddie Mac (FMCC). The two massive government sponsored enterprises determine liquidity in the mortgage market by buying mortgages from banks, then off-loading them as bundled mortgage-based securities. What hit FICO's shares the hardest was the news that Fannie Mae and Freddie Mac would now also include FICO competitor VantageScore in determining the costs of getting a mortgage. VantageScore is a joint venture between three credit rating agencies Equifax (EFX), Experian (EXPGY) and TransUnion (TRU). Earlier versions of the mortgage pricing grid that separated Fannie Mae and Freddie Mac rates made "zero sense," Pulte wrote on X. The news comes as mortgage rates skyrocket to around 7.5% because of record-high 10-year Treasury yields. As a result, the housing market is in a self-imposed freeze because buyers are holding out for lower rates. Also on Monday, the online mortgage lender Rocket Mortgage (RKT) became the first lender to announce it was shifting to VantageScore as its preferred credit scoring model. IBD newsletters. Get exclusive IBD analysis and actionable news daily. "The mortgage industry has relied on one credit scoring model for decades," said Rocket Mortgage CEO Jay Bray. "Competition is healthy, especially when it can lower costs and expand responsible access to homeownership. We did the work, compared the models and chose the one that helped more qualified clients." Pulte hailed the move as "seismic," in an X post on Monday evening. A bloodbath for mortgage stocks. It has been a brutal year for mortgage stocks. With mortgage rates high and edging higher, the housing market is in a rut. Homeowners are struggling to sell and wary of giving up a lower mortgage rate for a higher one. Meanwhile, first-time homebuyers are put off by such high interest rates. With 10-year Treasury yields climbing to nearly 20-year highs, there is no clear relief in sight. Shares of Freddie Mac and Fannie Mae are both down about 60% this year, according to MarketSurge. Fair Isaac declined about 50%. Rocket Mortgage fared slightly better, with a 40% drop.

Yahoo Finance
Sep 1st, 2026
Rocket offers $10K referral bonus to lure brokers from rival UWM

Rocket Mortgage has launched a "Moving Squad" programme to help brokers switch from rival United Wholesale Mortgage (UWM), offering a $10,000 bonus to existing partners who refer UWM brokers. The initiative, unveiled at a Detroit event, provides transitioning brokers with dedicated support including a director of growth and crew leader. Austin Niemiec, Rocket's chief revenue officer, said more brokers left UWM for Rocket in the past 90 days than in the previous 12 months combined. He criticised UWM's "All-In" policy requiring brokers to choose between lenders. UWM responded that the programme relies on cash incentives rather than technology and service, noting it has been the number one wholesale lender for 11 consecutive years with over 12,000 brokers.

MPA
Sep 1st, 2026
Rocket wants to help brokers escape UWM's 'embarrassing' ultimatum: Niemiec.

Rocket wants to help brokers escape UWM's 'embarrassing' ultimatum: Niemiec. The new program is designed to make leaving fast and painless for brokers Despite calls for more unity in the wholesale mortgage channel, there continues to be a divide in the space between Rocket Mortgage and United Wholesale Mortgage. It dates back to a 2021 ultimatum issued by UWM for brokers working with them not to send loans to Rocket. Rocket Pro says that dynamic is driving more brokers to reconsider who they work with. The company claims more brokers have left UWM for Rocket in the past 90 days than in the prior 12 months combined. At Rocket's RPX event in Detroit on Tuesday, the company announced a new internal team built specifically to make that move easier. Austin Niemiec (pictured top), chief revenue officer of Rocket Pro, said the new program is designed to remove the friction that keeps hesitant brokers from switching lenders even when they want to. "I've never believed in the UWM ultimatum," Niemiec told Mortgage Professional America. "A broker's superpower is choice and freedom, and we are hearing from more and more brokers that they want their independence back. "From day one, we have said this ultimatum is bad for the broker community. Brokers need choice, they need strong lenders, they need optionality." Rocket's 'Moving Squad' Rocket Pro is calling the new program the Moving Squad. Niemiec said it pairs each broker who switches with a dedicated four-person team made up of an account executive, a director of growth, a crew director and a trainer. That structure means the broker deals with one group throughout the process, Niemiec said, rather than being handed off between departments. The goal, according to Niemiec, is to get a new partner's first loan submitted within 10 days. The team then stays with the broker through onboarding and into their first 60 days of production. Niemiec said 140 team members have been trained for the moving squads at launch. The company is also offering existing partners a $10,000 cash bonus for those who bring a broker from UWM, once that broker terminates with UWM and they're approved with Rocket Pro. The program exists, Niemiec said, because switching lenders carries real risk for brokers, not just paperwork. His characterization of that risk is his own, and Mortgage Professional America has not independently verified specific claims about brokers facing litigation for leaving UWM. "It's kind of sad and embarrassing for our industry that brokers are scared to get sued if they leave to get a better price for their clients," he said. "We've made it very simple and easy to be able to answer those questions, help them move, and do it stress-free." Niemiec's message to brokers. Niemiec pointed to Rocket's most recent quarter as evidence the company is positioned to make good on that pitch. He cited record purchase and refinance market share and what he called the company's highest profitability in more than four years. He drew a sharp contrast with what he described as struggles at unnamed competing lenders. "You saw others literally need a bailout and are on a lifeline," he said. "Other companies have removed their CEOs, and stocks are declining rapidly." He attributed Rocket's position to a strategy of diversifying across its wholesale and retail channels along with its Mr. Cooper and Redfin businesses, rather than depending on any single line of business. "We built an all-weather company that's durable in any market," he said. Niemiec took aim at lenders that bet everything on a single strategy instead of diversifying. "Other companies who have pounded their chest and say we're going to go all in and only focus on one single thing are seeing the results of that, and are crumbling," he said. "It's resulting in uncertainty, and it's resulting in a higher price for brokers." Rocket Pro also used RPX to announce other changes. Niemiec said brokers are frustrated with how complicated pricing has become. "The biggest frustration they have about pricing in general is that it's gamified, and pricing shouldn't be gamified," he said. "They shouldn't need a calendar, a calculator, a protractor, a cheat sheet, or have to watch videos or talk to their AE or play games or click buttons and jump through hoops just to get a good price. They want simple. They want aggressive, they want reliable, they want transparent pricing." The company is folding its existing 60 basis point purchase and refinance credits directly into standard pricing across conventional, FHA and VA loans. Niemiec said the moment belongs to brokers, not to Rocket. "This is a big moment, but it's not a big moment for Rocket," he said. "It's a big moment for brokers to finally put their foot down and say, this is my superpower, I'm going to protect it, and give my clients the best option and the best price." Our daily newsletter is FREE and keeps you up to date with the world of mortgage. Please complete the form below and click on SIGN UP to receive daily e-newsletters from Mortgage Professional.

Great Devine Development
Aug 16th, 2026
Cleveland real estate market update - august 16, 2026.

Cleveland real estate market update - august 16, 2026. Good morning, Cleveland. A lot has been moving across Greater Cleveland and Cuyahoga County over the past few days, from a half-billion-dollar downtown makeover to fresh signs that the local job market is one of the strongest in the state. Here is a plain-English look at the news that matters for anyone who owns, rents, or is thinking about buying a home in its area. Today's Cleveland headlines. | Story | Where | What Happened | | The Centennial nears financing | Downtown, 925 Euclid Ave. Developer Millennia is working to lock in financing for a roughly $500 million restoration of the historic Huntington Building into about 864 apartments plus a boutique hotel, shops, and restaurants. A late-August court deadline is the next milestone to watch. | | Rocket Mortgage downsizes downtown | Downtown | Rocket plans to move from the Higbee Building on Public Square to a smaller office in the Ritz-Carlton building on West Huron Road by the end of 2026, trimming its downtown footprint as the mortgage business has slowed. | | MetroHealth upgrades its ER | Clark-Fulton, 2500 MetroHealth Dr. MetroHealth is beginning a $9 million renovation of the emergency department at its main campus, the latest investment in the near-West-Side neighborhood. | | Cleveland leads Ohio in job growth | Greater Cleveland | A new PNC report finds Cleveland now has the strongest labor market in Ohio, with June unemployment around 3.5% and the most jobs the region has counted since 2019. | | RTA asks voters for support | Countywide | Greater Cleveland's transit agency is putting a sales-tax levy before voters, its first such request in more than 50 years, to help fund bus and rail service. | | Homes still selling fast | City of Cleveland | Market data for July shows a median sale price near $168,000 and less than one month of homes available for sale, meaning well-priced houses are still moving quickly. | What it means for you. If you're buying: Homes are still selling quickly and there aren't many on the market, so it helps to have your financing lined up and to be ready to act when the right house appears. The bright side is a strong local job market, which tends to keep neighborhoods stable and steadily supported over time. If you're selling: Low inventory works in your favor right now, and well-kept homes at a fair price are still drawing interest. A clean, move-in-ready listing photographed well can stand out, especially in neighborhoods seeing new investment like Clark-Fulton, University Circle, and downtown. If you're investing: The bigger story is momentum. Major projects like the Centennial, ongoing hospital investment at MetroHealth, and Cleveland's job-growth lead all point to steady demand for housing across the city. Areas near large employers and transit lines are worth watching as these projects move forward. That's the roundup for today. Thanks for reading, and here's to a great week ahead in Cleveland. Want first access to off-market deals? The best Cleveland deals never hit the MLS. Join its VIP investor list and get new off-market properties by text and email before anyone else. Join the Investor List By joining, you agree to receive SMS/calls from Great Devine Development. Msg & data rates may apply. Reply STOP to opt out, HELP for help. Consent is not a condition of purchase.