| Market Capitalization (Millions $) |
39,980 |
| Shares
Outstanding (Millions) |
2,844 |
| Employees |
24,000 |
| Revenues (TTM) (Millions $) |
7,474 |
| Net Income (TTM) (Millions $) |
470 |
| Cash Flow (TTM) (Millions $) |
-2,138 |
| Capital Exp. (TTM) (Millions $) |
139 |
Business Description
Rocket Companies Inc is a publicly traded company specialized in the mortgage lending industry. The company was founded in 1985 under the name Rock Financial and was later renamed Quicken Loans. In August 2020, the company went public and changed its name to Rocket Companies Inc.
The company provides a wide range of mortgage products, including conventional mortgages, FHA loans, VA loans, jumbo loans, and adjustable-rate mortgages. Rocket Companies Inc also offers refinancing options for its customers.
One of Rocket Companies Inc's unique selling points is its digital platform, which allows customers to apply for mortgages and track their loan status online. The company's goal is to make the home buying process more accessible and efficient through technology.
Rocket Companies Inc is headquartered in Detroit, Michigan, and has over 20,000 employees across the United States. The company operates several subsidiary brands, including Rocket Mortgage, Rocket Homes, Rocket Loans, and Amrock, which provides title insurance and other real estate services.
Rocket Companies Inc has been recognized as one of the top mortgage lenders in the United States, with a market share of around 10%. In 2020, the company originated $320 billion in mortgages, making it the largest retail mortgage lender in the country. The company is also known for its innovative and tech-savvy approach to the industry.
The founder and chairman of Rocket Companies Inc is Dan Gilbert, who is also the founder and owner of several other companies, including the Cleveland Cavaliers NBA team. Gilbert has been credited with revitalizing downtown Detroit through his numerous business ventures and philanthropic efforts.
In summary, Rocket Companies Inc is a leading mortgage lender that leverages technology to provide a seamless and efficient homebuying experience for its customers. The company is backed by a strong leadership team and has a long history of success in the industry.
Company Address: 1050 Woodward Avenue Detroit 48226 MI
Company Phone Number: 373-7990 Stock Exchange / Ticker: NYSE RKT
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19.7 %