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Sep 30, 2021
Rocket Companies Q3 2021 Earnings Report
Rocket Companies reported strong Q3 2021 results, exceeding closed loan volume and gain-on-sale margin guidance, achieving a second consecutive record purchase quarter.
Key Takeaways
Rocket Companies announced excellent third-quarter results, exceeding the high end of guidance for closed loan volume and gain-on-sale margin. The company generated net revenue of $3.1 billion and net income of $1.4 billion.
Total revenue, net of $3.1 billion and Adjusted Revenue of $3.2 billion in Q3 '21.
Rocket Mortgage generated $88 billion in mortgage origination closed loan volume and gain on sale margin of 3.05%.
Generated net income of $1.4 billion and Adjusted Net Income of $1.1 billion during Q3 ’21.
Grew servicing book unpaid principal balance to $521 billion at September 30, 2021, up 30% from September 30, 2020.
Rocket Companies
Rocket Companies
Rocket Companies Revenue by Segment
Revenue by Segment
Direct to Consumer Revenue
CapyFin.comPartner Network Revenue
CapyFin.com Forward Guidance
We expect the following ranges in Q4 2021: Closed loan volume of between $75 billion and $80 billion. Net rate lock volume of between $71 billion and $78 billion. Gain on sale margins of 2.65% to 2.95%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income