The acquisition of Mr. Cooper pushed Rocket’s loan servicing portfolio to over $2.1tn. Roughly one in every six mortgages in the US is now serviced by Rocket Companies.
Redfin is expected to bring its nearly 50 million monthly visitors closer to Rocket’s loan products.
In Q1, Rocket’s servicing fee income, a recurring revenue stream less directly tied to new loan demand, more than doubled to over $1.08bn from $401m a year earlier.
Rocket Companies [RKT] is a fintech company focused on mortgage finance and servicing, home search and personal finance. Rocket Mortgage, its flagship unit, is the largest mortgage lender in the US.
In 2025, Rocket Companies acquired home search platform Redfin and mortgage servicer Mr. Cooper as part of its push to build a vertically integrated homeownership platform.
A slowdown in the US housing market has weighed on investor sentiment. Falling home sales, lower mortgage originations and elevated interest rates have made Wall Street more cautious on Rocket Companies.
RKT stock price has slumped nearly 20% year-to-date in 2026, as interest rate outlook in the US turned less supportive following the Iran war, adding fresh inflation pressures.
Yet beneath the surface is a company that has spent the past 18 months reshaping its business for the next phase of the US housing cycle.
In addition to making its business more resilient to interest-rate risk, Rocket is positioning itself to grow when rates become favourable.
“Rocket is no longer solely a rate-driven business. We are a business with durable, recurring revenue streams that also retain significant upside when rates fall,” said CFO Brian Nicholas Brown in the Q1 2026 earnings call.[1]
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