![]() Rocket Mortgage net client retention rate was 96% over the 12 months ended March 31, 2023. ![]() ![]() As of March 31, 2023, our servicing portfolio includes 2.5 million clients and generates approximately $1.5 billion of recurring servicing fee income on an annualized basis. Servicing book unpaid principal balance was $524.8 billion at March 31, 2023. Total liquidity was approximately $8.1 billion, as of March 31, 2023, which includes $0.9 billion of cash on-hand, $2.4 billion of corporate cash used to self-fund loan originations, $3.1 billion of undrawn lines of credit, and $1.7 billion of undrawn MSR lines. Rocket Mortgage generated $17 billion in mortgage origination closed loan volume. Generated total adjusted revenue of $882 million and adjusted net loss of $111 million, or an adjusted loss of $0.06 cents per diluted share. Generated total revenue, net of $666 million and net loss of $411 million, or a loss of $0.16 cents per diluted share. We believe our ability to provide a superior, differentiated client value proposition will drive growth in our purchase market share, revenue and profitability." These initiatives, along with Rocket Rewards, provide our clients with tangible value and an experience that can only be realized through Rocket. Adjusted revenue exceeded the top end of our guidance, driven by healthy client demand and strong execution," said Jay Farner, CEO of Rocket Companies, "Our purchase pipeline has been growing in the second quarter, but constrained housing inventory and affordability still present challenges. To help our clients in this market, we recently launched BUY+ and SELL+, a collaboration between Rocket Homes and Rocket Mortgage, and unveiled our new Rocket Visa Signature Credit Card, a loyalty program card. "Rocket delivered solid results in the first quarter in the backdrop of an uncertain macro environment. Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer technology brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk and Edison Financial. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – today announced results for the quarter ended March 31, 2023. Unveiled Rocket Visa Signature Credit Card, the first credit card designed to make home buying more accessible and homeownership easier through everyday spendingĪs previously announced on February 13, 2023, Bill Emerson, Board Director of Rocket Companies and Vice Chairman of Rock Holdings, has been appointed to serve as interim CEO effective June 1ĭETROIT, /PRNewswire/ - Rocket Companies, Inc. Launched BUY+ and SELL+ purchase initiative, a collaboration between Rocket Homes and Rocket Mortgage, to help homebuyers and homeowners transact with ease Reached 27.6 million Rocket Accounts 1 across our ecosystem, as of March 31, 2023 Adjusted revenue exceeded the high end of guidance range Generated Q1'23 net revenue of $666 million and adjusted revenue of $882 million.
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