Rocket Companies today announced Shawn Malhotra as its first-ever group Chief Technology Officer (CTO). In this role, Malhotra will oversee the development and implementation of technology across the entire Rocket Companies’ ecosystem, including Artificial Intelligence (AI) development, Data Science, Product Engineering, Technology Operations and Information Security – among other areas.
“Shawn brings a wealth of expertise and a transformative vision to our technology teams. As we double down on our commitment to technology innovation, Shawn will help us focus on delivering groundbreaking solutions to our clients, partners and team members,” said Varun Krishna, CEO of Rocket Companies. “Shawn’s primary objective will be to increase the rate of innovation and execution in the organization, amplifying Rocket’s AI initiatives. His fresh perspective and track record of leveraging AI to simplify and automate processes makes me confident that, together, we will quickly realize our vision of AI-fueled homeownership.”
Previously, Malhotra held a variety of technology leadership roles at Thomson Reuters, most recently serving as the Head of Engineering and Product Development for the entire company. Under Malhotra’s oversight, Thomson Reuters established a platform to accelerate the development of generative AI solutions, while introducing an industry-leading AI assistant spanning all Thomson Reuters products.
Malhotra also formerly served as the CTO of Thomson Reuters’ Corporate Technology business unit. When he joined the company in 2017, he was instrumental in founding Thomson Reuters’ Toronto Technology Centre, prioritizing AI talent and expanding TR Labs – the company’s division dedicated to research around AI and other technological innovations.
Before his time at Thomson Reuters, Malhotra spent 12 years at Intel – including his time at Altera before Intel acquired the company. He led Intel’s Toronto Technology Centre, which housed 200 software engineers, and was the Director of Software Development. Malhotra kickstarted his career as a software developer for Qualcomm.
“I am looking forward to being part of this pivotal time in Rocket Companies’ history and am eager to explore how AI can simplify the path to homeownership,” said Malhotra. “I truly believe in the transformative potential of AI technology. Few missions are as crucial or deserving of its power as Rocket’s goal of making housing more accessible for all.”
Malhotra joins the company just a month after Rocket Companies announced Rocket Logic and Rocket Logic – Synopsis, both of which are tools that use generative AI to quickly automate manual tasks. These include classifying documents, extracting client data, tracking sentiment and recording client patterns and preferences.
Malhotra earned a Bachelor of Applied Science degree in Computer Engineering at the University of Waterloo, where he graduated with honors. He also earned a Master of Engineering degree at the University of Toronto. Malhotra is credited with five issued U.S. patents and two published papers.
