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Rocket Companies(RKT) - 2022 Q2 - Quarterly Report
2022-08-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 001-39432 Rocket Companies, Inc. (Exact name of registrant as specified in its charter) Delaware 84- ...
Rocket Companies(RKT) - 2022 Q2 - Earnings Call Transcript
2022-08-05 01:09
Rocket Companies, Inc. (NYSE:RKT) Q2 2022 Earnings Conference Call August 4, 2022 4:30 PM ET Company Participants Sharon Ng – Vice President-Investor Relations Jay Farner – Chief Executive Officer Julie Booth – Chief Financial Officer Conference Call Participants Ryan Nash – Goldman Sachs Kevin Barker – Piper Sandler Doug Harter – Credit Suisse Blake Netter – Morgan Stanley Mihir Bhatia – Bank of America Mark DeVries – Barclays Arren Cyganovich – Citi Operator Good morning. My name is Joseph and I will be y ...
Rocket Companies(RKT) - 2022 Q2 - Earnings Call Presentation
2022-08-04 22:58
Rocket Companies Investor Presentation August 2022 ROCKET Companies Disclaimer This presentation contains and related discussions may contain "forward-looking statements" within the meaning of U.S. federal securities laws. Forward-looking statements conceening possible or assumed future results of operations, Rocket Company") business plans and strategies, the Company's ability to cross-sell and up-self the Conpany's pooducts, and expansion into new markets. You can identify forward-looking statements by th ...
Rocket Companies(RKT) - 2022 Q1 - Earnings Call Presentation
2022-05-11 11:42
Rocket Companies Investor Presentation May 2022 ROCKET Companies Disclaimer This presentation contains and related discussions may contain "forward-looking statements" within the meaning of U.S. federal securities laws. Forward-looking statements conceening possible or assumed future results of operations, Rocket Company") business plans and strategies, the Company's ability to cross-sell and up-self the Conpany's pooducts, and expansion into new markets. You can identify forward-looking statements by the u ...
Rocket Companies(RKT) - 2022 Q1 - Earnings Call Transcript
2022-05-10 23:52
Rocket Companies, Inc. (NYSE:RKT) Q1 2022 Earnings Conference Call May 10, 2022 4:30 PM ET Company Participants Sharon Ng - VP of IR Jay Farner - Vice Chairman & CEO Julie Booth - CFO & Treasurer Conference Call Participants Ryan Nash - Goldman Sachs Doug Harter - Credit Suisse Kevin Barker - Piper Sandler Blake Netter - Morgan Stanley Brock Vandervliet - UBS Ryan McKeveny - Zelman & Associates Richard Shane - JPMorgan Operator Good day, and welcome to the Rocket Companies, Incorporated. First Quarter 2022 ...
Rocket Companies(RKT) - 2022 Q1 - Quarterly Report
2022-05-09 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 001-39432 Rocket Companies, Inc. (Exact name of registrant as specified in its charter) Delaware 84 ...
Rocket Companies(RKT) - 2021 Q4 - Annual Report
2022-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 001-39432 Rocket Companies, Inc. (Exact name of registrant as specified in its charter) Delaware 84-4946 ...
Rocket Companies(RKT) - 2021 Q4 - Earnings Call Transcript
2022-02-25 00:52
Rocket Companies, Inc. (NYSE:RKT) Q4 2021 Earnings Conference Call February 24, 2022 4:30 PM ET Company Participants Sharon Ng – Head of Investor Relations Jay Farner – Chief Executive Officer Julie Booth – Chief Financial Officer Bob Walters – President and Chief Operating Officer Conference Call Participants Doug Harter – Credit Suisse James Faucette – Morgan Stanley Ryan McKeveny – Zelman and Associates Kevin Barker – Piper Sandler Arren Cyganovich – Citi Richard Shane – JPM Brock Vandervliet – UBS Mark ...
Rocket Companies, Inc. (RKT) CEO Jay Farner on Goldman Sachs 2021 US Financial Services Conference (Transcript)
2021-12-09 01:24
Rocket Companies, Inc. (NYSE:RKT) Goldman Sachs 2021 US Financial Services Conference December 8, 2021 2:20 PM ET Company Participants Jay Farner - CEO Conference Call Participants Ryan Nash - Goldman Sachs Ryan Nash All right, great, we're going to get started up next and joining us for the first time. We're excited to have the Rocket Companies', Rocket has developed an outstanding platform that is allowed it to position itself as the premier player in several end markets through its best breed technology ...
Rocket Companies, Inc. (RKT) CEO Jay Farner Presents at Credit Suisse 25th Annual Technology Conference (Transcript)
2021-12-01 23:26
Summary of Rocket Companies, Inc. Conference Call Company Overview - **Company**: Rocket Companies, Inc. (NYSE:RKT) - **Industry**: Fintech, Mortgage Lending - **CEO**: Jay Farner - **Conference**: Credit Suisse 25th Annual Technology Conference, December 1, 2021 Key Points Company History and Positioning - Rocket Companies has been in business for 36 years, originally starting as Rock Financial and later known as Quicken Loans before rebranding to Rocket Companies [2] - The company has grown to become the largest mortgage lender in the U.S., processing $330 billion in closed loan volume in 2021, up from $145 billion in 2020 [5] Technology and Efficiency - Rocket emphasizes the importance of backend technology for operational efficiency, allowing for lower costs in processing, underwriting, and closing mortgages compared to competitors [3] - The introduction of Rocket Logic technology aims to enhance the decision-making process at the point of sale, significantly improving the loan closing process [8] Market Share and Growth Strategy - Rocket aims to exceed 10% market share in the mortgage industry, leveraging multiple distribution channels including retail purchase, refinance, and partnerships with real estate and financial service firms [10][12] - The company is focused on retail purchase lending, with a goal to become the largest retail purchase lender in the U.S. within 12-18 months [16] Product Diversification - Rocket has expanded its offerings beyond mortgages to include Rocket Auto, Rocket Loans, Rocket Homes, and Rocket Solar, creating a comprehensive platform for clients [4][42] - The company is leveraging its existing client data to enhance services and drive additional revenue streams [9] Market Outlook - The mortgage market is projected to be between $2.5 trillion to over $4 trillion in 2022, with Rocket confident in capturing a significant share due to its diversified approach and strong technology [21][24] - The company anticipates that over 50% of its loan volume will not be rate-sensitive, indicating resilience against interest rate fluctuations [23] Financial Performance and Strategy - Rocket maintains a strong gain on sale margin, projected between 2.65% to 2.95%, and has consistently been profitable even in challenging market conditions [26] - The company is actively buying back shares, indicating confidence in its valuation and future growth potential [45] Partnerships and Collaborations - Rocket has established partnerships with major firms like Morgan Stanley, Charles Schwab, and Salesforce, enhancing its market reach and service offerings [35][39] - The partnership with Salesforce is particularly significant as it allows Rocket to tap into a large network of banks and credit unions, expanding its origination capabilities [40] Future Opportunities - Rocket is exploring additional product opportunities to enhance client engagement and retention, focusing on services that provide value to clients over time [51] - The company aims to create a seamless experience for clients throughout the home buying process, reducing friction and improving overall satisfaction [42] Additional Insights - Rocket's approach to marketing and client engagement is proactive, allowing it to capitalize on market opportunities quickly [31] - The company is committed to investing in technology and innovation to maintain its competitive edge in the fintech space [48]