Rocket Companies announced the appointment of Papanii Okai as Executive Vice President of Product Engineering, effective October 7, 2024. This newly created role underscores Rocket's commitment to advancing its AI-driven homeownership strategy. Okai will collaborate with senior technology leaders to accelerate the development of AI-powered products.
Okai brings extensive experience from his nearly 11 years at Venmo, where he served as Chief Technology Officer and Vice President of Engineering. He was instrumental in building and scaling products for Venmo's 90 million users and driving strategic initiatives in peer-to-peer payments. His background also includes leadership roles in engineering teams at PayPal, serving over 400 million accounts.
His leadership is expected to enhance Rocket's proprietary AI platforms, such as Navigator and Rocket Logic, which are central to the company's operational efficiency. Rocket's AI tools are projected to save over 700,000 hours of team member time in 2024. This appointment is a strategic move to further leverage technology and AI to streamline operations and improve client experiences in the homeownership journey.
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