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Rocket Companies reports record $9 billion profit for 2020 Quicken Loans parent Rocket Companies reported Thursday that it did a record amount of mortgage business in 2020 during what was likely the most profitable year ever for the Detroit-based mortgage lender founded by Dan Gilbert. Boosted by the boom in mortgage refinancing activity, the company had $15.7 billion in total revenue, or more than triple its $5.1 billion revenue in 2019. Its net income, or profit, skyrocketed to $9.4 billion from just under $1 billion the year before. And the company increased its closely watched gai...

During the fourth quarter of 2020, Rocket Companies: Grew total revenue, net, for Rocket Companies to $4.7 billion from $1.9 billion in Q4 2019 and Adjusted Revenue to $4.8 billion from $1.8 billion in Q4 2019. Grew net income to $2.8 billion from $0.8 billion in Q4 2019 and Adjusted Net Income to $2.3 billion from $0.5 billion in Q4 2019. Generated record closed loan origination volume of $107.2 billion and net rate lock volume of $96.0 billion in the fourth quarter of 2020, which represented improvements of 111% and 119%, respectively, as compared to the fourth quarter of 2019. Increased...

Rocket Companies Announces Fourth Quarter 2020 Earnings Date News provided by Share this article Share this article DETROIT, Jan. 29, 2021 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based holding company consisting of tech-driven real estate, mortgage and financial services businesses – including Rocket Mortgage, Rocket Homes and Rocket Auto – today announced the Company will issue its fourth quarter 2020 earnings on February 25, 2021. Management will host a conference call to discuss results at 4:30pm ET on this date, and a press r...

One might assume an online lender like LendingClub Corp (NYSE: LC) verifies the income of borrowers in 100 percent of transactions. But this isn't even close to the case, according to Bloomberg report. LendingClub verified the income around just a third of the time for one of the most popular... Read More...