Rocket Companies (RKT) CEO Varun Krishna has been actively acquiring companies to strengthen its foothold in the mortgage servicing industry. In its recent move, Rocket announced the acquisition of mortgage servicer Mr. Cooper (COOP) for $9.4 billion in stock. This acquisition will enable Rocket to service a loan volume exceeding $2.1 trillion and cater to Mr. Cooper's 7 million clients.

Krishna emphasized the company's vision to develop an integrated homeownership platform that offers a seamless experience for clients from home search to loan servicing. The acquisition is expected to result in annual revenue and cost synergies of approximately $500 million and will enhance Rocket's business performance when finalized later this year.

Despite a 9.5% decline in Rocket's stock price after the recent acquisitions, Krishna remains optimistic about the company's growth potential and long-term prospects. The acquisitions come at a crucial time for the US housing market, with mortgage rates on a downward trend, potentially boosting demand during the spring home buying season.

Rocket's aggressive acquisition strategy aligns with its goal to build a leading company in the housing sector. Besides the acquisitions of Mr. Cooper and Redfin earlier in the month, Rocket is optimistic about the market dynamics and expects favorable conditions to support its growth trajectory in the coming months.