Rocket Mortgage Canada
Rocket Mortgage Canada was a Windsor-based digital mortgage origination platform serving Canadian homebuyers and homeowners with online home purchase, refinance, and home equity products; it ceased operations and exited the Canadian market on May 31, 2025.
- Company typePrivate
- Founded2000
- HeadquartersWindsor, Canada
- Headcount101–250
- GTM typeB2C
- OfferingServices
Rocket Mortgage Canada firmographics
Firmographics- Name
- Rocket Mortgage Canada
- Legal name
- Rocket Mortgage, LLC
- Website
- https://rocketmortgage.ca
- Company type
- Private
- Founded year
- 2000
- Operating status
- Closed
- Headcount range
- 101–250 employees
- Short description
- Rocket Mortgage Canada was a Windsor-based digital mortgage origination platform serving Canadian homebuyers and homeowners with online home purchase, refinance, and home equity products; it ceased operations and exited the Canadian market on May 31, 2025.
- Ownership category
- akta.pro rank
Rocket Mortgage Canada industry classification
Industry- Product category
- Consumer Mortgage Lending
- NAICS
- Mortgage and Nonmortgage Loan Brokers (522310), Mortgage and Nonmortgage Loan Brokers (52231)
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163)
- akta.pro primary industry
- Purchase Mortgage Origination (Homebuyer Focused) (FSALAAAD)
- akta.pro secondary industry
- Bridge & Short-Term Real Estate Loan Intermediation (FSAEAEAG)
Keywords
Where Rocket Mortgage Canada is headquartered
LocationHeadquarters
- HQ city
- Windsor
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Rocket Mortgage Canada business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Mortgage Origination and Lending: Rocket Mortgage Canada originated home loans in Canada, generating revenue through interest spreads and origination fees on mortgage loans. The company operated as a digital-first mortgage lender before exiting the Canadian market on May 31, 2025.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Quote-based mortgage products |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Rocket Mortgage Canada product offering
Product offeringCore offering
Rocket Mortgage Canada operated as a direct-to-consumer digital mortgage platform that originated home loans for Canadian residents. The company offered home purchase financing, mortgage refinancing, and home equity products through an online application portal with supporting calculators and rate comparison tools. Canadian operations ceased on May 31, 2025, with CMLS Financial assuming servicing responsibilities for existing clients.
Differentiator
Problem solved
Functional benefit
Brands
- Rocket Loans: Personal loans for debt consolidation, home renovation, and other financial needs
- Rocket Money
- Rocket Close
- Rocket Pro
- Redfin
Products and services
- Rocket Mortgage Canada Home Loans Digital mortgage lending platform offering home purchase loans and refinancing services to Canadian consumers. Operated as part of Rocket Mortgage's broader ecosystem before exiting the Canadian market on May 31, 2025.
- Rocket Mortgage Purchase Loans Home purchase mortgage products enabling buyers to finance residential property acquisitions through the Rocket Mortgage online platform.
- Rocket Mortgage Refinance Mortgage refinancing services allowing existing homeowners to replace their current mortgage with a new loan, potentially securing better rates or extracting equity.
- Home Equity Products Home equity loan and cash-out refinance options enabling homeowners to access accumulated equity in their properties.
- Mortgage Calculators Suite of financial calculators including affordability, mortgage payment, rent vs. buy, amortization, down payment, refinance, payoff, and home equity calculators to support financial planning.
Companies that use Rocket Mortgage Canada
Customer profileSegments1 record
Ideal customer profiles1 record
Rocket Mortgage Canada technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Rocket Mortgage Canada partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CMLS FinancialminorCMLS Financial is supporting Rocket Mortgage's previous clients in Canada following the closure of Canadian operations as of May 31, 2025. Previous Canadian clients can reach CMLS Financial at 1-888-995-2657 or [email protected] for continued servicing of their loans.
Scale indicators3 records
Rocket Mortgage Canada competitors and assessment
Company assessmentDirect peers
- True North Mortgage: True North Mortgage is a Canadian mortgage broker offering purchase and refinance products through a national digital and broker channel, comparable to Rocket Mortgage Canada in target customer and core product set.
- Ratehub: Ratehub is a Canadian mortgage comparison and brokerage platform connecting borrowers with lenders, comparable to Rocket Mortgage Canada in serving Canadian homebuyers through digital channels and lender intermediation.
- QuestMortgage: QuestMortgage is a Canadian digital mortgage lender that, like Rocket Mortgage Canada, scaled back or exited the Canadian market after failing to gain share against major banks, making it a direct peer in both business model and outcome.
- Pine: Pine is a Canadian digital mortgage broker offering online mortgage applications and lender matching, directly comparable in business model, customer segment (Canadian homebuyers), and digital-first delivery to Rocket Mortgage Canada.
- Mogo Mortgage: Mogo Mortgage is a Canadian digital mortgage and consumer finance platform that, like Rocket Mortgage Canada, was identified as part of the cohort of mortgage fintech challengers that failed to scale against the Big Six.
- nesto: nesto is a Montreal-based digital mortgage lender operating in Canada with an online application and broker marketplace model, directly comparable to Rocket Mortgage Canada's direct-to-consumer digital origination approach in the Canadian market.
Broad incumbents
- LoanDepot: LoanDepot is a major U.S. retail and digital mortgage lender, comparable to Rocket Mortgage Canada in consumer-direct purchase and refinance origination, omnichannel delivery, and reliance on a parent-level brand and capital base.
- Better.com: Better.com is a U.S. digital direct-to-consumer mortgage lender, directly comparable to Rocket Mortgage Canada in digital-first origination model, target segment (homebuyers), and product suite (purchase, refinance, HELOC).
Regional players
- CMLS Financial: CMLS Financial is a Canadian mortgage services provider that took over servicing of Rocket Mortgage Canada's legacy loan portfolio, making it a directly comparable Canadian mortgage operator and the entity now managing the subject's former customers.
- Dominion Lending Centres: Dominion Lending Centres is Canada's largest national mortgage broker network, comparable to Rocket Mortgage Canada in channel model (mortgage origination through an intermediary/broker platform) and Canadian residential mortgage focus.
Market position
Customer concentration
Rocket Mortgage Canada social profiles
Digital presenceRocket Mortgage Canada financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rocket Mortgage Canada leadership team
Management profileNumber of profiles
Rocket Mortgage Canada subsidiaries and ownership
Company hierarchySubsidiaries4 records
Rocket Mortgage Canada funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rocket Mortgage Canada M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rocket Mortgage Canada
What does Rocket Mortgage Canada do?
Rocket Mortgage Canada operated as a direct-to-consumer digital mortgage platform that originated home loans for Canadian residents. The company offered home purchase financing, mortgage refinancing, and home equity products through an online application portal with supporting calculators and rate comparison tools. Canadian operations ceased on May 31, 2025, with CMLS Financial assuming servicing responsibilities for existing clients.
Is Rocket Mortgage Canada a public or private company?
Rocket Mortgage Canada is a private company. It is classified as corporate owned and is currently closed.
When was Rocket Mortgage Canada founded?
Rocket Mortgage Canada was founded in 2000. It employs 101 to 250 people.
Where is Rocket Mortgage Canada based?
Rocket Mortgage Canada is headquartered in Windsor, Canada, in the North America region.
How does Rocket Mortgage Canada make money?
One revenue line is on record: mortgage Origination and Lending.
Who are Rocket Mortgage Canada's main competitors?
Direct peers on record are True North Mortgage, Ratehub, QuestMortgage, Pine, Mogo Mortgage and nesto. Broad incumbents are LoanDepot and Better.com. Regional players are CMLS Financial and Dominion Lending Centres.
Does Rocket Mortgage Canada have an API?
No public API is recorded for Rocket Mortgage Canada.
What industry is Rocket Mortgage Canada in?
Rocket Mortgage Canada's product category is Consumer Mortgage Lending. Its primary akta.pro industry code is FSALAAAD, Purchase Mortgage Origination (Homebuyer Focused), with a secondary code of FSAEAEAG, Bridge & Short-Term Real Estate Loan Intermediation. Its NAICS code is 522310 and its SIC code is 6162.