Rocket Companies reported strong Q4 2021 results, with net revenue of $2.6 billion and net income of $865 million. Rocket Mortgage's origination volume reached $75.9 billion. The company also declared a special dividend of $1.01 per share and continues to expand its platform through acquisitions like Truebill.
Generated Q4 net revenue of $2.6 billion and Adjusted Revenue of $2.4 billion.
Delivered Q4 net income of $865 million and Adjusted Net Income of $637 million.
Rocket Mortgage generated $75.9 billion in mortgage origination closed loan volume.
Servicing book unpaid principal balance grew to $552 billion.
Rocket Companies expects closed loan volume between $52 billion and $57 billion, net rate lock volume between $50 billion and $57 billion, and gain on sale margins of 2.80% to 3.10% for Q1 2022.
Visualization of income flow from segment revenue to net income