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Rocket Companies Inc RKT

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

About Quantitative Ratings

Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.

Company Profile

Business Description

Rocket Companies Inc is a Detroit-based company helping its clients achieve the American dream of home ownership and financial freedom. Its flagship business, Rocket Mortgage offers government sponsored enterprises (GSE)-conforming and government insured mortgage loan products, which are marketed in all states through the internet, national television and other marketing channels. In addition to mortgage business, it has expanded into complementary industries, such as real estate, personal lending, and auto sales. The mortgage origination business derives revenue from originating, processing, underwriting, and servicing predominantly GSE-conforming mortgage loans, along with FHA, USDA and VA mortgage loans, which are pooled and sold to the secondary market.

Contact
1050 Woodward Avenue
Detroit, MI, 48226
T +1 313 373-7990
Sector Financial Services
Industry Mortgage Finance
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type Cyclical
Employees 24,000

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