R
ocket Companies is set to close the year on a high note, claiming it has achieved “end‑to‑end integration in housing at a scale never seen before.” Four months after sealing a $1.75 billion purchase of Redfin, CEO Varun Krishna called the moment “defining.” On the October 30 earnings call he praised his team’s recent wins, including the October 1 acquisition of mortgage competitor Mr. Cooper, noting that the deals expanded market share, surpassed adjusted revenue guidance, and merged three public entities. Krishna also said the market is primed for a rebound, with buyers eager for homes and waiting for clear signals and better affordability before acting.

    In Q3, Rocket posted $1.61 billion in total revenue, up from $1.36 billion in Q2 and falling within the $1.6‑$1.75 billion forecast range. This quarter marked the first time Redfin’s earnings were included in Rocket’s results; Mr. Cooper’s figures will appear in Q4. Operating costs rose, partly because Redfin’s expense base was now consolidated. CFO Brian Brown said Redfin’s performance matched expectations.

    Redfin’s integration is “fueling engagement.” In September, more than 500,000 Redfin users began home‑financing applications—over twice the July figure. That month, 13 % of Rocket Mortgage retail closings involved clients who used both Redfin and Rocket, a trend expected to grow. Brown added that Q3 represented Rocket’s strongest purchase‑side performance in over three years, with Redfin already contributing significantly to the retail channel.

    Krishna emphasized that the true value of acquiring Redfin and Mr. Cooper lies in merging distinct strengths to create something greater than the sum of its parts. He said Rocket is now “in a category of one,” breaking the industry’s siloed model by offering a complete, integrated home‑ownership experience.

    Looking ahead, Rocket anticipates Q4 adjusted revenue between $2.1 billion and $2.3 billion. Excluding the new acquisitions, the company expects a 7 % year‑over‑year increase at the midpoint of that range. Brown concluded that Rocket is well‑positioned to finish the year strong, carry momentum into the new year, and remain in control of its destiny.