Rocket’s Mortgage Flywheel Gains Share, But Broker Growth Comes At A Cost
Rocket Companies is beginning to show the economics behind its expanding mortgage ecosystem: Redfin and servicing recapture can deliver borrowers at lower acquisition costs, while Rocket is willing to spend margin in its wholesale channel to bring more brokers and purchase loans into the system.
Rocket Companies is beginning to show the economics behind its expanding mortgage ecosystem: Redfin and servicing recapture can deliver borrowers at lower acquisition costs, while Rocket is willing to spend margin in its wholesale channel to bring more brokers and purchase loans into the system.
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