Company
Rocket Companies, Inc.
Headquarters: Detroit, MI, United States
Founded: 1985
Employees: 26,000
CEO: Mr. Jay D. Farner
Market Cap
$27.52 Billion
USD as of July 1, 2024
Rocket Companies, Inc. Categories
United States Financials Mortgage FinanceUnited States Financials United States Mortgage Finance
Company Description
Rocket Companies, Inc. is a mortgage company that diversified in other financial, technology, and business services. The original flagship mortgage company, Rocket Mortgage, expanded internally into other financial services with personal and car loans, a digital real estate portal, and other associated technologies. It also through acquisitions into insurance with Amrock, Fintech with Nexsys, and digital mortgage solutions with Lendesk and Edison Financial, among others.
Top Competitors by Market Capitalization
Industry: Mortgage Finance
| Company | Market Cap (USD) |
|---|---|
| UWM Holdings Corporation Class | $10.94 B |
| Essent Group Ltd. | $5.91 B |
| Mr. Cooper Group Inc. | $5.26 B |
| PennyMac Financial Services, Inc. | $4.78 B |
| Hercules Capital, Inc. | $3.44 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and e-Commerce businesses in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to online car purchasing platforms; and Rocket Loans, an online-based personal loans business. Its solutions also include Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, which connect homeowners with digital financing solutions through a team of trained solar advisors; Truebill, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a technology services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; and Edison Financial, a digital mortgage broker. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings, Inc.
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Stocks & Indices
Rocket Companies, Inc. has the following listings and related stock indices.
Stock: NYSE: RKT wb_incandescent
Stock: BMV: RKT wb_incandescent
Product & Services
15- and 30-Year Fixed-Rate MortgagesFHA LoansVA LoansARM LoansJumbo Loans
Key People
Founder(s): Dan Gilbert Ron Berman Gary Gilbert Lindsay Gross
Jay Farner (CEO)
Financials
Revenue: US$15.735 billion (2020)
Operating income: US$9.532 billion (2020)
Net income: US$932 million (2020)
Total assets: US$37.535 billion (2020)
Total equity: US$7.882 billion (2020)