Rocket Cos. in Detroit, which includes mortgage, real estate, title, and personal finance businesses, has reported total revenue, net of $2.78 billion and net income of $229 million.
It also generated total adjusted revenue of $2.76 billion and adjusted net income of $441 million in the second quarter of 2026.
“Rocket reached record levels of purchase and refinance market share in one of the toughest spring housing markets in years, while delivering our most profitable quarter in four years,” says Varun Krishna, CEO and director of Rocket Cos.
“We’ve spent the last several years building a fundamentally different company. Home search, origination, and servicing now reinforce one another, with AI making every interaction smarter. Markets change. Systems endure.”
During Q2, which ended on June 30, Rocket Cos. generated $36.9 billion in net rate lock volume, $39.2 billion in closed mortgage loan origination volume, and gain on sale margin was 3.11 percent.
Direct-to-consumer business generated $26 billion in net rate lock volume and $28.1 billion in closed mortgage loan origination volume. Direct to consumer gain on sale margin was 4.13 percent.
Rocket Pro generated $10.9 billion in net rate lock volume and $11.1 billion in closed mortgage loan origination volume. Rocket Pro gain on sale margin was 0.69 percent, driven by investments in the Compass partnership to attract new partners to Rocket.
The company reported $47 billion in total net rate lock volume and $49.1 billion in total closed mortgage loan origination volume. Total gain on sale margin was 2.48 percent. Correspondent generated $10.2 billion in net rate lock volume and $10 billion in closed mortgage loan origination volume. Correspondent gain on sale margin was 0.19 percent.
Total liquidity was $11.2 billion as of June 30, which includes $3.1 billion of cash and cash equivalents on the balance sheet, $2.3 billion of undrawn lines of credit, and $5.8 billion of undrawn available MSR and advance lines of credit, according to the report.
Rocket reported that its total servicing portfolio unpaid principal balance was $2 trillion or 9.1 million loans serviced as of June 30, reinforcing the potential to drive significant recapture opportunity from the industry’s largest portfolio.
During Q2 2026, mortgage servicing rights sales totaled $53 billion, generating $795 million of cash proceeds. The company says it retained subservicing and recapture services on nearly 80 percent of the MSRs sold.
In Q3 2026, Rocket Cos. says it expects adjusted revenue between $2.5 billion to $2.7 billion.
