Do you work at Rocket Companies? Claim your profile
Rocket confirmed Woodring's departing and that it's searching for its next technology leader.
In a statement released on LinkedIn on Tuesday, UWM also offered legal support for its partners.
Birkmeier is bidding farewell after a 28-year career at Rocket Companies.
As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.
Citing challenging market conditions, the company said it was right-sizing.
Despite revenue dip, mortgage giant sees increase in market share and advances in AI technology.
