Rocket reported a $493 million fourth-quarter net loss even after slashing expenses by $202 million from the third quarter as revenue fell 81 percent from a year ago to $481 million. Rocket executives say they’re focused on growing the company’s share of the purchase loan market through partnerships with agents.
Source: Inman News
Rocket posts its first loss since going public, and it’s a doozy
Published in Industry News, Jay Farner, Mortgage, Rocket Mortgage, Select and United Wholesale Mortgage
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