Overview
- Rocket Companies, which reported first-quarter results Thursday, logged adjusted net income of $422 million and adjusted EBITDA of $738 million with margins at 26%.
- Closed loan volume reached $44.7 billion, putting Rocket just shy of United Wholesale Mortgage’s $44.9 billion for the quarter.
- Rocket’s servicing portfolio grew to $2.1 trillion across 9.4 million loans, and 54% of refinance closings came from clients it already services, lowering acquisition costs and boosting margins.
- AI tools now handle top-of-funnel prospecting and added about $1 billion in monthly volume, and the company says it closes loans in less than half the 45‑day industry average, helping buyers compete in tight markets.
- Integration of Mr. Cooper and Redfin is ahead of plan with more than half of servicing migrated, $400 million in expense synergies targeted by end‑2026, origination capacity lifted to $300 billion, and Q2 revenue guided to $2.7–$2.9 billion in a rate‑pressured market.