"Rocket delivered a standout quarter, balancing short- and long-term execution in a category of one. I am very proud of the Rocket team for surpassing the high end of our adjusted revenue guidance range, accelerating Redfin momentum and closing the Mr. Cooper transaction the largest independent mortgage company deal in history, said Varun Krishna, CEO and director of Rocket Companies. We are building a vertically integrated homeownership platform for the AI era."
"As of Sept. 30, Rocket held $9.3 billion in total liquidity, including $5.8 billion in cash, $1.1 billion in undrawn credit lines and $2 billion in unused mortgage servicing rights (MSR) facilities. The company's servicing portfolio totaled $613 billion in unpaid principal balance (UPB) across about 2.9 million loans, generating roughly $1.7 billion in annualized servicing fee income. Brian Brown, Rocket's chief financial officer, told investors during Thursday afternoon's earnings call that Rocket's combined servicing portfolio is the largest in the industry"
Rocket surpassed the high end of adjusted revenue guidance while accelerating Redfin momentum and closing the Mr. Cooper transaction, the largest independent mortgage company deal in history. The company is building a vertically integrated homeownership platform for the AI era. As of Sept. 30, total liquidity stood at $9.3 billion, including $5.8 billion in cash, $1.1 billion in undrawn credit lines and $2 billion in unused MSR facilities. The servicing portfolio totaled $613 billion in UPB across about 2.9 million loans, generating roughly $1.7 billion in annualized servicing fee income. Q3 2025 provided the strongest purchase and refinance quarter in three years, with Redfin-originated closings at 13% of direct-to-consumer purchases, over 500,000 Redfin users initiating financing applications in September, and rapid Mr. Cooper integration producing 4,000 leads by day nine and a three-day end-to-end client close by day 12.
Read at www.housingwire.com
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