Rocket Companies (RKT) 10-Q 9 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Aug. 02, 2023
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-39432
Entity Registrant Name	Rocket Companies, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-4946470
Entity Address, Address Line One	1050 Woodward Avenue
Entity Address, City or Town	Detroit
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48226
City Area Code	313
Local Phone Number	373-7990
Title of 12(b) Security	Class A common stock, par value $0.00001 per share
Trading Symbol	RKT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001805284
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A Common Stock
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		128,371,784
Class D Common Stock
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		1,848,879,483

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 882,783	$ 722,293
Restricted cash	35,004	66,806
Mortgage loans held for sale, at fair value	8,444,443	7,343,475
Mortgage servicing rights (“MSRs”), at fair value	6,443,632	6,946,940
Notes receivable and due from affiliates	71,792	10,796
Property and equipment, net of accumulated depreciation and amortization of $500,402 and $463,262, respectively	263,251	274,192
Deferred tax asset, net	537,893	537,963
Lease right of use assets	371,425	366,189
Loans subject to repurchase right from Ginnie Mae	1,476,560	1,642,392
Goodwill and intangible assets, net	1,248,006	1,258,928
Other assets	846,202	799,159
Total assets	20,855,677	20,082,212
Liabilities
Funding facilities	4,889,236	3,548,699
Other financing facilities and debt
Senior Notes, net	4,030,709	4,027,970
Early buy out facility	361,207	672,882
Accounts payable	156,941	116,331
Lease liabilities	425,806	422,769
Forward commitments, at fair value	12,766	25,117
Investor reserves	100,828	110,147
Tax receivable agreement liability	577,996	613,693
Loans subject to repurchase right from Ginnie Mae	1,476,560	1,642,392
Total liabilities	12,490,823	11,606,663
Equity
Additional paid-in capital	302,140	276,221
Retained earnings	288,517	300,394
Accumulated other comprehensive income	60	69
Non-controlling interest	7,774,117	7,898,845
Total equity	8,364,854	8,475,549
Total liabilities and equity	20,855,677	20,082,212
Related Party
Other financing facilities and debt
Other liabilities	36,061	33,463
Nonrelated Party
Other financing facilities and debt
Other liabilities	422,713	393,200
Class A Common Stock
Equity
Common stock	1	1
Class B Common Stock
Equity
Common stock	0	0
Class C common stock
Equity
Common stock	0	0
Class D Common Stock
Equity
Common stock	19	19
IRLCs
Assets
Derivatives, at fair value	127,690	90,635
Forward commitments
Assets
Derivatives, at fair value	$ 106,996	$ 22,444

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property and equipment, accumulated depreciation and amortization	$ 500,402	$ 463,262
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock authorized (in shares)	10,000,000,000	10,000,000,000
Common stock issued (in shares)	127,129,449	123,491,606
Common stock outstanding (in shares)	127,129,449	123,491,606
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock authorized (in shares)	6,000,000,000	6,000,000,000
Common stock issued (in shares)	0	0
Common stock outstanding (in shares)	0	0
Class C common stock
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock authorized (in shares)	6,000,000,000	6,000,000,000
Common stock issued (in shares)	0	0
Common stock outstanding (in shares)	0	0
Class D Common Stock
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock authorized (in shares)	6,000,000,000	6,000,000,000
Common stock issued (in shares)	1,848,879,483	1,848,879,483
Common stock outstanding (in shares)	1,848,879,483	1,848,879,483

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Gain on sale of loans
Gain on sale of loans excluding fair value of MSRs, net	$ 279,629	$ 347,365	$ 544,632	$ 1,034,535
Fair value of originated MSRs	314,840	459,473	519,400	1,256,088
Gain on sale of loans, net	594,469	806,838	1,064,032	2,290,623
Loan servicing income
Servicing fee income	343,591	357,578	709,976	723,793
Change in fair value of MSRs	42,377	(12,522)	(355,902)	441,858
Loan servicing income, net	385,968	345,056	354,074	1,165,651
Interest income
Interest income	80,757	79,196	147,501	169,737
Interest expense on funding facilities	(44,072)	(42,706)	(73,132)	(84,403)
Interest income, net	36,685	36,490	74,369	85,334
Other income	219,105	204,035	409,820	521,407
Total revenue, net	1,236,227	1,392,419	1,902,295	4,063,015
Expenses
Salaries, commissions and team member benefits	579,139	754,125	1,182,914	1,608,040
General and administrative expenses	200,425	229,706	395,815	505,563
Marketing and advertising expenses	218,843	231,522	400,447	559,580
Depreciation and amortization	25,357	24,780	56,042	45,822
Interest and amortization expense on non-funding debt	38,334	38,282	76,667	76,946
Other expenses	35,759	35,487	68,027	126,090
Total expenses	1,097,857	1,313,902	2,179,912	2,922,041
Income (loss) before income taxes	138,370	78,517	(277,617)	1,140,974
Benefit from (provision for) income taxes	782	(18,761)	5,286	(44,610)
Net income (loss)	139,152	59,756	(272,331)	1,096,364
Net (income) loss attributable to non-controlling interest	(131,714)	(56,341)	261,246	(1,039,237)
Net income (loss) attributable to Rocket Companies	$ 7,438	$ 3,415	$ (11,085)	$ 57,127
Earnings (loss) per share of Class A common stock
Basic (in dollars per share)	$ 0.06	$ 0.03	$ (0.09)	$ 0.47
Diluted (in dollars per share)	$ 0.05	$ 0.02	$ (0.11)	$ 0.43
Weighted average shares outstanding
Basic (in shares)	126,740,748	118,801,530	125,742,282	120,735,056
Diluted (in shares)	1,979,450,651	1,971,741,764	1,977,148,197	1,973,624,016
Comprehensive income (loss)
Net income (loss)	$ 139,152	$ 59,756	$ (272,331)	$ 1,096,364
Cumulative translation adjustment	(159)	(679)	(152)	(91)
Unrealized gain (loss) on investment securities	1,589	(259)	0	(1,754)
Comprehensive income (loss)	140,582	58,818	(272,483)	1,094,519
Comprehensive (income) loss attributable to non-controlling interest	(133,052)	(55,453)	261,389	(1,037,503)
Comprehensive income (loss) attributable to Rocket Companies	$ 7,530	$ 3,365	$ (11,094)	$ 57,016

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Common Stock Class A Common Stock	Common Stock Class D Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2021		126,437,703	1,848,879,483
Beginning balance at Dec. 31, 2021	$ 9,759,532	$ 1	$ 19	$ 287,558	$ 378,005	$ 81	$ 9,093,868
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,036,608				53,712		982,896
Cumulative translation adjustment	588					31	557
Unrealized gain (loss) on investment securities	(1,495)					(92)	(1,403)
Share-based compensation, net (in shares)		186,891
Share-based compensation, net	53,381			3,288			50,093
Distributions for state taxes on behalf of unit holders (members), net	(35,707)				(2,171)		(33,536)
Distributions to unit holders (members) from subsidiary investment, net	(1,855,850)			725			(1,856,575)
Special Dividend to Class A Shareholders, net of forfeitures	(155,582)				(123,752)		(31,830)
Taxes withheld on employees' restricted share award vesting	(1,297)			(77)			(1,220)
Issuance of Class A common Shares under stock compensation and benefit plans (in shares)		1,018,875
Issuance of Class A common Shares under stock compensation and benefit plans	13,673			930			12,743
Repurchase of Class A common shares (in shares)		(8,016,465)
Repurchase of Class A common Shares	(100,162)			(100,162)
Change in controlling interest of investment, net	(12,393)			49,196		2	(61,591)
Ending balance (in shares) at Mar. 31, 2022		119,627,004	1,848,879,483
Ending balance at Mar. 31, 2022	8,701,296	$ 1	$ 19	241,458	305,794	22	8,154,002
Beginning balance (in shares) at Dec. 31, 2021		126,437,703	1,848,879,483
Beginning balance at Dec. 31, 2021	9,759,532	$ 1	$ 19	287,558	378,005	81	9,093,868
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,096,364
Cumulative translation adjustment	(91)
Unrealized gain (loss) on investment securities	(1,754)
Ending balance (in shares) at Jun. 30, 2022		116,333,426	1,848,879,483
Ending balance at Jun. 30, 2022	8,772,203	$ 1	$ 19	225,702	308,904	(26)	8,237,603
Beginning balance (in shares) at Mar. 31, 2022		119,627,004	1,848,879,483
Beginning balance at Mar. 31, 2022	8,701,296	$ 1	$ 19	241,458	305,794	22	8,154,002
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	59,756				3,415		56,341
Cumulative translation adjustment	(679)					(34)	(645)
Unrealized gain (loss) on investment securities	(259)					(16)	(243)
Share-based compensation, net (in shares)		721,224
Share-based compensation, net	54,685			4,089			50,596
Distributions for state taxes on behalf of unit holders (members), net	(6,454)				(385)		(6,069)
Special Dividend to Class A Shareholders, net of forfeitures	1,329				80		1,249
Taxes withheld on employees' restricted share award vesting	(2,842)			(9)			(2,833)
Issuance of Class A common Shares under stock compensation and benefit plans (in shares)		1,456,798
Issuance of Class A common Shares under stock compensation and benefit plans	13,679			824			12,855
Repurchase of Class A common shares (in shares)		(5,471,600)
Repurchase of Class A common Shares	(45,280)			(45,280)
Change in controlling interest of investment, net	(3,028)			24,620		2	(27,650)
Ending balance (in shares) at Jun. 30, 2022		116,333,426	1,848,879,483
Ending balance at Jun. 30, 2022	8,772,203	$ 1	$ 19	225,702	308,904	(26)	8,237,603
Beginning balance (in shares) at Dec. 31, 2022		123,491,606	1,848,879,483
Beginning balance at Dec. 31, 2022	8,475,549	$ 1	$ 19	276,221	300,394	69	7,898,845
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	(411,483)				(18,523)		(392,960)
Cumulative translation adjustment	7						7
Unrealized gain (loss) on investment securities	(1,589)					(101)	(1,488)
Share-based compensation, net (in shares)		1,390,650
Share-based compensation, net	50,813			3,217			47,596
Distributions for state taxes on behalf of unit holders (members), net	117				(209)		326
Special Dividend to Class A Shareholders, net of forfeitures	370				23		347
Taxes withheld on employees' restricted share award vesting	(6,994)			(444)			(6,550)
Issuance of Class A common Shares under stock compensation and benefit plans (in shares)		878,817
Issuance of Class A common Shares under stock compensation and benefit plans	7,250			456			6,794
Change in controlling interest of investment, net	(4,695)			15,268	(688)	0	(19,275)
Ending balance (in shares) at Mar. 31, 2023		125,761,073	1,848,879,483
Ending balance at Mar. 31, 2023	8,109,345	$ 1	$ 19	294,718	280,997	(32)	7,533,642
Beginning balance (in shares) at Dec. 31, 2022		123,491,606	1,848,879,483
Beginning balance at Dec. 31, 2022	8,475,549	$ 1	$ 19	276,221	300,394	69	7,898,845
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	(272,331)
Cumulative translation adjustment	(152)
Unrealized gain (loss) on investment securities	0
Ending balance (in shares) at Jun. 30, 2023		127,129,449	1,848,879,483
Ending balance at Jun. 30, 2023	8,364,854	$ 1	$ 19	302,140	288,517	60	7,774,117
Beginning balance (in shares) at Mar. 31, 2023		125,761,073	1,848,879,483
Beginning balance at Mar. 31, 2023	8,109,345	$ 1	$ 19	294,718	280,997	(32)	7,533,642
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	139,152				7,438		131,714
Cumulative translation adjustment	(159)					(9)	(150)
Unrealized gain (loss) on investment securities	1,589					101	1,488
Share-based compensation, net (in shares)		574,094
Share-based compensation, net	49,391			3,170			46,221
Contributions from unit holders (members) to subsidiary investment, net	61,378						61,378
Special Dividend to Class A Shareholders, net of forfeitures	1,282				82		1,200
Taxes withheld on employees' restricted share award vesting	(3,260)			(210)			(3,050)
Issuance of Class A common Shares under stock compensation and benefit plans (in shares)		794,282
Issuance of Class A common Shares under stock compensation and benefit plans	7,268			465			6,803
Change in controlling interest of investment, net	(1,132)			3,997			(5,129)
Ending balance (in shares) at Jun. 30, 2023		127,129,449	1,848,879,483
Ending balance at Jun. 30, 2023	$ 8,364,854	$ 1	$ 19	$ 302,140	$ 288,517	$ 60	$ 7,774,117

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities
Net (loss) income	$ (272,331)	$ 1,096,364
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization	56,042	45,822
(Benefit from) provision for deferred income taxes	(6,342)	34,458
Origination of mortgage servicing rights	(519,400)	(1,256,088)
Change in fair value of MSRs, net	353,536	(489,170)
Gain on sale of loans excluding fair value of MSRs, net	(544,632)	(1,034,535)
Disbursements of mortgage loans held for sale	(38,990,084)	(89,469,172)
Proceeds from sale of loans held for sale	38,390,358	97,614,379
Share-based compensation expense	102,656	112,034
Change in assets and liabilities
Due from affiliates	(60,996)	(46)
Other assets	(48,607)	37,061
Accounts payable	40,610	(37,824)
Due to affiliates	2,245	3,246
Premium recapture and indemnification losses paid	(102,160)	(891)
Other liabilities	(12,833)	(70,304)
Total adjustments	(1,339,607)	5,488,970
Net cash (used in) provided by operating activities	(1,611,938)	6,585,334
Investing activities
Proceeds from sale of MSRs	676,001	473,971
Net purchase of MSRs	554	(16,447)
Decrease in mortgage loans held for investment	4,309	13,936
Purchases of investment securities, available for sale	(5,472)	0
Sales of investment securities, available for sale	6,479	0
Purchase and other additions of property and equipment, net of disposals	(40,131)	(62,938)
Net cash provided by investing activities	641,740	408,522
Financing activities
Net borrowings (payments) on funding facilities	1,340,537
Net borrowings (payments) on funding facilities		(5,104,438)
Net payments on lines of credit	0	(75,000)
Net payments on early buy out facility	(311,675)	(742,882)
Net borrowings on notes payable from unconsolidated affiliates	353	1,073
Stock issuance	12,249	24,890
Share repurchase	0	(145,442)
Taxes withheld on employees' restricted share award vesting	(10,254)	(4,139)
Contributions from (distributions to) other unit holders (members) of Holdings, net	67,827	(2,175,340)
Net cash provided by (used in) financing activities	1,099,037	(8,221,278)
Effects of exchange rate changes on cash and cash equivalents	(151)	(91)
Net increase (decrease) in cash and cash equivalents and restricted cash	128,688	(1,227,513)
Cash and cash equivalents and restricted cash, beginning of period	789,099	2,211,597
Cash and cash equivalents and restricted cash, end of period	917,787	984,084
Non-cash activities
Loans transferred to other real estate owned	1,469	644
Supplemental disclosures
Cash paid for interest on related party borrowings	$ 5,189	$ 2,423

Business, Basis of Presentation

Business, Basis of Presentation and Accounting Policies	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business, Basis of Presentation and Accounting Policies	Business, Basis of Presentation and Accounting Policies Rocket Companies, Inc. (the "Company", and together with its consolidated subsidiaries, "Rocket Companies", "we", "us", "our") was incorporated in Delaware on February 26, 2020 as a wholly owned subsidiary of Rock Holdings Inc. ("RHI") for the purpose of facilitating an initial public offering ("IPO") of its Class A common stock, $0.00001 par value (the “Class A common stock”) and other related transactions in order to carry on the business of RKT Holdings, LLC ("Holdings") and its wholly owned subsidiaries. We are a Detroit-based fintech holding company consisting of tech-driven mortgage, real estate and financial services businesses - including Rocket Mortgage, Rocket Homes, Rocket Loans, and Rocket Money. We are committed to providing an industry-leading client experience powered by our simple, fast and trusted digital solutions. In addition to Rocket Mortgage, one of the nation’s largest mortgage lenders, we have expanded into complementary industries, such as, real estate services, personal finance, and personal and solar lending. Our business operations are organized into the following two segments: (1) Direct to Consumer and (2) Partner Network, as described in Note 11, Segments. Rocket Companies, Inc. is a holding company. Its primary material asset is the equity interest in Holdings which, including through its direct and indirect subsidiaries, conducts a majority of the Company's operations. Holdings is a Michigan limited liability company and wholly owns the following entities, with each entity's subsidiaries identified in parentheses: Rocket Mortgage, LLC, Amrock Holdings, LLC (“Amrock”, and "Nexsys Technologies LLC"), Amrock Title Insurance Company ("ATI"), LMB HoldCo LLC (“Core Digital Media”), RCRA Holdings LLC (“Rock Connections LLC dba Rocket Connections” and “Rocket Auto”), Rocket Homes Real Estate LLC (“Rocket Homes”), RockLoans Holdings LLC (“Rocket Loans” and "Rocket Solar"), Rock Central LLC dba Rocket Central, Rocket Money, Inc.(“Rocket Money”), EFB Holdings Inc. (“Rocket Mortgage Canada”), Lendesk Canada Holdings Inc. ("Lendesk Technologies"), RockTech Canada Inc., Woodward Capital Management LLC, and Rocket Card, LLC. As used herein, “Rocket Mortgage” refers to either the Rocket Mortgage brand or platform, or the Rocket Mortgage business, as the context allows. Basis of Presentation and Consolidation As the sole managing member of Holdings, the Company operates and controls all of the business affairs of Holdings, and through Holdings and its subsidiaries, conducts its business. Holdings is considered a variable interest entity (“VIE”) and we consolidate the financial results of Holdings under the guidance of ASC 810, Consolidation. A portion of our Net income (loss) is allocated to Net (income) loss attributable to non-controlling interest. For further details, refer below to Variable Interest Entities and Note 12 , Non-controlling Interest. All significant intercompany transactions and accounts between the businesses comprising the Company have been eliminated in the accompanying condensed consolidated financial statements. The Company's derivatives, IRLCs, MSRs, mortgage and non-mortgage loans held for sale, and available for sale investment securities are measured at fair value on a recurring basis. Additionally, other assets may be required to be measured at fair value in the condensed consolidated financial statements on a nonrecurring basis. Examples of such measurements are mortgage loans transferred between held for investment and held for sale, certain impaired loans, and other real estate owned. For further details of the Company's transactions refer to Note 2, Fair Value Measurements. All transactions and accounts between RHI and other related parties with the Company have a history of settlement or will be settled for cash and are reflected as related party transactions. For further details of the Company’s related party transactions refer to Note 6, Transactions with Related Parties . Our condensed consolidated financial statements are unaudited and presented in U.S. dollars. They have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The interim financial information should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC. In our opinion, these condensed consolidated financial statements include all normal and recurring adjustments considered necessary for a fair statement of our results of operations, financial position and cash flows for the periods presented. However, our results of operations for any interim period are not necessarily indicative of the results that may be expected for a full fiscal year or for any other future period. Management Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Although management is not currently aware of any factors that would significantly change its estimates and assumptions, actual results may differ from these estimates. Subsequent Events In preparing these condensed consolidated financial statements, the Company evaluated events and transactions for potential recognition or disclosure through the date these condensed consolidated financial statements were issued. Refer to Note 5, Borrowings and Note 6, Transactions with Related Parties for disclosures on changes to the Company's debt and related party agreements that occurred subsequent to June 30, 2023. Share Repurchase Authorization On November 1, 2022, the Company's board of directors approved the renewal of the share repurchase program effective November 11, 2022 (the "Share Repurchase Program". The share repurchase program renews and extends the previously approved share repurchase program and authorizes the Company to repurchase shares of the Company’s common stock in an aggregate value, not to exceed $1 billion, from time to time, in the open market or through privately negotiated transactions, in accordance with applicable securities laws. The share repurchase program will remain in effect for a two-year period terminating in November 2024. The share repurchase program does not obligate the Company to make any repurchases at any specific time. The timing and extent to which the Company repurchases its shares will depend upon, among other things, market conditions, share price, liquidity targets, regulatory requirements and other factors. As of June 30, 2023 approximately $590.7 million remain available under the Share Repurchase Program. Special Dividends On February 24, 2022, our board of directors authorized and declared a cash dividend (the "2022 Special Dividend") of $1.01 per share to the holders of our Class A common stock. The 2022 Special Dividend was paid on March 22, 2022 to holders of the Class A common stock of record as of the close of business on March 8, 2022. The Company funded the 2022 Special Dividend from cash distributions of approximately $2.0 billion by Holdings to all of its members, including the Company. Revenue Recognition Gain on sale of loans, net — includes all components related to the origination and sale of mortgage loans, including (1) net gain on sale of loans, which represents the premium we receive in excess of the loan principal amount and certain fees charged by investors upon sale of loans into the secondary market, (2) loan origination fees (credits), points and certain costs, (3) provision for or benefit from investor reserves, (4) the change in fair value of interest rate locks and loans held for sale, (5) the gain or loss on forward commitments hedging loans held for sale and interest rate lock commitments (IRLCs), and (6) the fair value of originated MSRs. An estimate of the Gain on sale of loans, net is recognized at the time an IRLC is issued, net of a pull-through factor. Subsequent changes in the fair value of IRLCs and mortgage loans held for sale are recognized in current period earnings. When the mortgage loan is sold into the secondary market, any difference between the proceeds received and the current fair value of the loan is recognized in current period earnings in Gain on sale of loans, net. Included in Gain on sale of loans, net is the Fair value of originated MSRs, which represents the estimated fair value of MSRs related to loans which we have sold and retained the right to service. Refer to Note 3, Mortgage Servicing Rights for information related to the gain/(loss), net in the fair value of MSRs. Loan servicing income, net — includes income from servicing, sub-servicing and ancillary fees, and is recorded to income as earned, which is upon collection of payments from borrowers. This amount also includes the Change in fair value of MSRs, which is the adjustment for the fair value measurement of the MSR asset as of the respective balance sheet date. Interest income, net — includes interest earned on mortgage loans held for sale and mortgage loans held for investment net of the interest expense paid on our loan funding facilities. Interest income is recorded as earned and interest expense is recorded as incurred. Interest income is accrued and credited to income daily based on the unpaid principal balance outstanding. The accrual of interest is generally discontinued when a loan becomes 90 days past due. Other income — is derived primarily from closing fees, net appraisal revenue, net title insurance fees, personal finance subscription revenue, deposit interest income, real estate network referral fees, contact center revenue, personal loans business, professional service fees, and lead generation revenue. The following revenue streams fall within the scope of ASC Topic 606 — Revenue from Contracts with Customers and are disaggregated hereunder: Rocket Money subscription revenue — The Company recognizes subscription revenue ratably over the contract term beginning on the commencement date of each contract. We have determined that subscriptions represent a stand-ready obligation to perform over the subscription term. These performance obligations are satisfied over time as the customer simultaneously receives and consumes the benefits. Contracts are one month to one year in length. Subscription revenues were $42,994 and $26,175 for the three months ended June 30, 2023 and 2022, respectively and $82,179 and $51,929 for the six months ended June 30, 2023 and 2022, respectively. Amrock closing fees — The Company recognizes closing fees for non-recurring services provided in connection with the origination of the loan. These fees are recognized at the time of loan closing for purchase transactions or at the end of a client's three-day rescission period for refinance transactions, which represents the point in time the loan closing services performance obligation is satisfied. The consideration received for closing services is a fixed fee per loan that varies by state and loan type. Closing fees were $20,810 and $37,929 for the three months ended June 30, 2023 and 2022, respectively and $38,298 and $114,907 for the six months ended June 30, 2023 and 2022, respectively. Amrock appraisal revenue, net — The Company recognizes appraisal revenue when the appraisal service is completed. The Company may choose to deliver appraisal services directly to its client or subcontract such services to a third-party licensed and/or certified appraiser. In instances where the Company performs the appraisal, revenue is recognized as the gross amount of consideration received at a fixed price per appraisal. The Company is an agent in instances where a third-party appraiser is involved in the delivery of appraisal services and revenue is recognized net of third-party appraisal expenses. Appraisal revenue, net of intercompany eliminations, were $12,953 and $15,295 for the three months ended June 30, 2023 and 2022, respectively and $24,819 and $37,317 for the six months ended June 30, 2023 and 2022, respectively. Rocket Homes real estate network referral fees — The Company recognizes real estate network referral fee revenue based on arrangements with partner agencies contingent on the closing of a transaction. As this revenue stream is variable, and is contingent on the successful transaction close, the revenue is constrained until the occurrence of the transaction. At this point, the constraint on recognizing revenue is deemed to have been lifted and revenue is recognized for the consideration expected to be received. Real estate network referral fees, net of intercompany eliminations, were $13,776 and $14,871 for the three months ended June 30, 2023 and 2022, respectively and $20,747 and $26,269 for the six months ended June 30, 2023 and 2022, respectively. Professional service fees — The Company recognizes professional service fee revenue based on the delivery of services (e.g., human resources, technology, training) over the term of a contract. Consideration for the promised services is received through a combination of a fixed fee for the period and incremental fees paid for optional services that are available at an incremental rate determined at the time such services are requested. The Company recognizes the annual fee ratably over the life of the contract, as the performance obligation is satisfied equally over the term of the contract. For the optional services, revenue is only recognized at the time the services are requested and delivered and pricing is agreed upon. Professional service fee revenues were $2,282 and $3,106 for the three months ended June 30, 2023 and 2022, respectively and $4,469 and $6,110 for the six months ended June 30, 2023 and 2022, respectively, and were rendered entirely to related parties. Core Digital Media lead generation revenue — The Company recognizes online consumer acquisition revenue based on successful delivery of marketing leads to a client at a fixed fee per lead. This service is satisfied at the time the lead is delivered, at which time revenue for the service is recognized. Online consumer acquisition revenue, net of intercompany eliminations, were $1,040 and $2,450 for the three months ended June 30, 2023 and 2022, respectively and $2,104 and $6,914 for the six months ended June 30, 2023 and 2022, respectively. Rocket Connections and Rocket Auto contact center revenue — The Company recognizes contact center revenue for communication services including client support and sales. Consideration received mainly includes a fixed base fee and/or a variable contingent fee. The fixed base fee is recognized ratably over the period of performance, as the performance obligation is considered to be satisfied equally throughout the service period. The variable contingent fee related to car sales is constrained until the sale of the car is completed. Contact center revenues, net of intercompany eliminations, were $187 and $3,842 for the three months ended June 30, 2023 and 2022, respectively and $709 and $13,157 for the six months ended June 30, 2023 and 2022, respectively. Cash, Cash Equivalents and Restricted Cash The Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents. We maintain our bank accounts with a relatively small number of high-quality financial institutions. Restricted cash as of June 30, 2023 and 2022 consisted of cash on deposit for a repurchase facility and client application deposits, title premiums collected from the insured that are due to the underwritten, and principal and interest received in collection accounts for purchased assets. In 2022, the Company also had a $25,000 bond. June 30, 2023 2022 Cash and cash equivalents $ 882,783 $ 915,363 Restricted cash 35,004 68,721 Total cash, cash equivalents, and restricted cash in the statement of cash flows $ 917,787 $ 984,084 Loans subject to repurchase right from Ginnie Mae For certain loans sold to Ginnie Mae, the Company as the servicer has the unilateral right to repurchase any individual loan in a Ginnie Mae securitization pool if that loan meets defined criteria, including being delinquent more than 90 days. Once the Company has the unilateral right to repurchase the delinquent loan, the Company has effectively regained control over the loan and must re-recognize the loan on the Condensed Consolidated Balance Sheets and establish a corresponding finance liability regardless of the Company's intention to repurchase the loan. The asset and corresponding liability are recorded at the unpaid principal balance of the loan, which approximates its fair value. Variable Interest Entities Rocket Companies, Inc. is the managing member of Holdings with 100% of the management and voting power in Holdings. In its capacity as managing member, Rocket Companies, Inc. has the sole authority to make decisions on behalf of Holdings and bind Holdings to signed agreements. Further, Holdings maintains separate capital accounts for its investors as a mechanism for tracking earnings and subsequent distribution rights. Accordingly, management concluded that Holdings is a limited partnership or similar legal entity as contemplated in ASC 810, Consolidation . Furthermore, management concluded that Rocket Companies, Inc. is Holdings’ primary beneficiary. As the primary beneficiary, Rocket Companies, Inc. consolidates the results and operations of Holdings for financial reporting purposes under the variable interest consolidation model guidance in ASC 810. Rocket Companies, Inc.'s relationship with Holdings results in no recourse to the general credit of Rocket Companies, Inc. Holdings and its consolidated subsidiaries represents Rocket Companies, Inc.'s sole investment. Rocket Companies, Inc. shares in the income and losses of Holdings in direct proportion to Rocket Companies, Inc.'s ownership percentage. Further, Rocket Companies, Inc. has no contractual requirement to provide financial support to Holdings. Rocket Companies, Inc.’s financial position, performance and cash flows effectively represent those of Holdings and its subsidiaries as of and for the period ended June 30, 2023. In March 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update (“ASU”) 2023-01, Leases (Topic 842): Common Control Arrangements.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is the price that would be received if an asset were sold or the price that would be paid to transfer a liability in an orderly transaction between willing market participants at the measurement date. Required disclosures include classification of fair value measurements within a three-level hierarchy (Level 1, Level 2, and Level 3). Classification of a fair value measurement within the hierarchy is dependent on the classification and significance of the inputs used to determine the fair value measurement. Observable inputs are those that are observed, implied from, or corroborated with externally available market information. Unobservable inputs represent the Company’s estimates of market participants’ assumptions. Fair value measurements are classified in the following manner: Level 1 —Valuation is based on quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2 —Valuation is based on either observable prices for identical assets or liabilities in inactive markets, observable prices for similar assets or liabilities, or other inputs that are derived directly from, or through correlation to, observable market data at the measurement date. Level 3 —Valuation is based on the Company’s internal models using assumptions at the measurement date that a market participant would use. In determining fair value measurement, the Company uses observable inputs whenever possible. The level of a fair value measurement within the hierarchy is dependent on the lowest level of input that has a significant impact on the measurement as a whole. If quoted market prices are available at the measurement date or are available for similar instruments, such prices are used in the measurements. If observable market data is not available at the measurement date, judgment is required to measure fair value. The following is a description of measurement techniques for items recorded at fair value on a recurring basis. There were no material items recorded at fair value on a nonrecurring basis as of June 30, 2023 or December 31, 2022. Mortgage loans held for sale: Loans held for sale that trade in active secondary markets are valued using Level 2 measurements derived from observable market data, including market prices of securities backed by similar mortgage loans adjusted for certain factors to approximate the fair value of a whole mortgage loan, including the value attributable to mortgage servicing and credit risk. Loans held for sale for which there is little to no observable trading activity of similar instruments are valued using Level 3 measurements based upon dealer price quotes and internal models. IRLCs: The fair value of IRLCs is based on current market prices of securities backed by similar mortgage loans (as determined above under mortgage loans held for sale), net of costs to close the loans, subject to the estimated loan funding probability, or “pull-through factor”. Given the significant and unobservable nature of the pull-through factor, IRLCs are classified as Level 3. MSRs: The fair value of MSRs is determined using an internal valuation model that calculates the present value of estimated net future cash flows. The model includes estimates of prepayment speeds, discount rate, cost to service, float earnings, contractual servicing fee income, and ancillary income among others. MSRs are classified as Level 3. Forward commitments: The Company’s forward commitments are valued based on quoted prices for similar assets in an active market with inputs that are observable and are classified within Level 2 of the valuation hierarchy. Investment Securities: Investment securities are trading debt securities that are recorded at fair value using observable market prices for similar securities or identical securities that are traded in less active markets, which are classified as Level 2 and include highly rated municipal, government, and corporate bonds. Non-mortgage loans held for sale : Non-mortgage loans held for sale are personal loans including loans to finance solar panel installation projects. The fair value of non-mortgage loans is determined using an internal valuation model that calculates the present value of estimated net future cash flows. Non-mortgage loans are classified as Level 3. Assets and Liabilities Measured at Fair Value on a Recurring Basis The table below shows a summary of financial statement items that are measured at estimated fair value on a recurring basis, including assets measured under the fair value option. There were no material transfers of assets or liabilities recorded at fair value on a recurring basis between Levels 1, 2 or 3 during the six months ended June 30, 2023 or the year ended December 31, 2022. Level 1 Level 2 Level 3 Total Balance at June 30, 2023 Assets: Mortgage loans held for sale (1) $ — $ 7,812,065 $ 632,378 $ 8,444,443 IRLCs — — 127,690 127,690 MSRs — — 6,443,632 6,443,632 Forward commitments — 106,996 — 106,996 Investment securities (2) — 37,703 — 37,703 Non-mortgage loans held for sale (2) — — 78,490 78,490 Total assets $ — $ 7,956,764 $ 7,282,190 $ 15,238,954 Liabilities: Forward commitments $ — $ 12,766 $ — $ 12,766 Total liabilities $ — $ 12,766 $ — $ 12,766 Balance at December 31, 2022 Assets: Mortgage loans held for sale (1) $ — $ 6,260,745 $ 1,082,730 $ 7,343,475 IRLCs — — 90,635 90,635 MSRs — — 6,946,940 6,946,940 Forward commitments — 22,444 — 22,444 Total assets $ — $ 6,283,189 $ 8,120,305 $ 14,403,494 Liabilities: Forward commitments $ — $ 25,117 $ — $ 25,117 Total liabilities $ — $ 25,117 $ — $ 25,117 (1) As of June 30, 2023 and December 31, 2022, $242.2 million and $314.4 million of unpaid principal balance of the level 3 mortgage loans held for sale were 90 days or more delinquent and were in non-accrual status. (2) These assets are included in Other assets on the Condensed Consolidated Balance Sheets. The following tables present the quantitative information about recurring Level 3 fair value financial instruments and the fair value measurements as of: June 30, 2023 December 31, 2022 Unobservable Input Range Weighted Average Range Weighted Average Mortgage loans held for sale Model pricing 66% - 100% 89 % 67% - 100% 86 % IRLCs Loan funding probability 0% - 100% 72 % 0% - 100% 68 % MSRs Discount rate 9.5% - 12.5% 9.9 % 9.5% - 12.5% 9.9 % Conditional prepayment rate 6.0% - 29.2% 7.1 % 6.1% - 26.6% 6.9 % Non-mortgage loans held for sale Discount rate 8.5% - 8.5% 8.5 % N/A N/A The table below presents a reconciliation of Level 3 assets measured at fair value on a recurring basis for the three and six months ended June 30, 2023 and 2022. Mortgage servicing rights are also classified as a Level 3 asset measured at fair value on a recurring basis and its reconciliation is found in Note 3, Mortgage Servicing Rights. Mortgage Loans Held for Sale IRLCs Non-Mortgage Loans Held for Sale Balance at March 31, 2023 $ 763,761 $ 182,112 $ 32,490 Transfers in (1) 197,709 — 46,405 Transfers out/principal reductions (1) (363,072) — — Net transfers and revaluation gains — (54,422) — Total gains (losses) included in net income 33,980 — (405) Balance at June 30, 2023 $ 632,378 $ 127,690 $ 78,490 Balance at March 31, 2022 $ 2,178,762 $ 213,210 $ — Transfers in (1) 299,782 — — Transfers out/principal reductions (1) (863,740) — — Net transfers and revaluation losses — 96,287 — Total losses included in net income (57,020) — — Balance at June 30, 2022 $ 1,557,784 $ 309,497 $ — Balance at December 31, 2022 $ 1,082,730 $ 90,635 $ — Transfers in (1) 408,767 — 79,243 Transfers out/principal reductions (1) (963,525) — — Net transfers and revaluation losses — 37,055 — Total gains (losses) included in net income 104,406 — (753) Balance at June 30, 2023 $ 632,378 $ 127,690 $ 78,490 Balance at December 31, 2021 $ 2,309,366 $ 538,861 $ — Transfers in (1) 822,423 — — Transfers out/principal reductions (1) (1,482,061) — — Net transfers and revaluation losses — (229,364) — Total losses included in net income (91,944) — — Balance at June 30, 2022 $ 1,557,784 $ 309,497 $ — (1) Transfers in represent loans repurchased from investors or loans originated for which an active market currently does not exist. Transfers out primarily represent loans sold to third parties and loans paid in full. Investment Securities Investment securities consist of debt securities that are classified as trading securities. During the three months ended June 30, 2023, the Company transferred these investments from available for sale classification to trading securities classification. As a result of the transfer of classification, the Company recognized $1,589 of unrealized losses to Net Income on the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) from Accumulated Other Comprehensive Income (Loss) within Condensed Consolidated Statements of Changes in Equity. The Company used the specific identification as the basis of recording trades of investment securities. As of June 30, 2023 there was $1,971 unrealized losses on trading securities held. The carrying value of trading securities was $37,703 as of June 30, 2023 recorded in Other assets on the Condensed Consolidated Balance Sheet. Fair Value Option The following is the estimated fair value and unpaid principal balance (“UPB”) of mortgage and non-mortgage loans held for sale that have contractual principal amounts and for which the Company has elected the fair value option. The fair value option was elected for mortgage and non-mortgage loans held for sale as the Company believes fair value best reflects their expected future economic performance: Fair Value Principal Amount Due Upon Maturity Difference (1) Balance at June 30, 2023 Mortgage loans held for sale $ 8,444,443 $ 8,451,052 $ (6,609) Non-mortgage loans held for sale $ 78,490 $ 79,243 $ (753) Balance at December 31, 2022 Mortgage loans held for sale $ 7,343,475 $ 7,424,223 $ (80,748) (1) Represents the amount of gains (losses) included in Gain on sale of loans, net for Mortgage loans held for sale and Other income for Non-mortgage loans held for sale, due to changes in fair value of items accounted for using the fair value option. Disclosures of the fair value of certain financial instruments are required when it is practical to estimate the value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. The following table presents the carrying amounts and estimated fair value of financial liabilities that are not recorded at fair value on a recurring or nonrecurring basis. This table excludes cash and cash equivalents, restricted cash, warehouse borrowings, and line of credit borrowing facilities as these financial instruments are highly liquid or short-term in nature and as a result, their carrying amounts approximate fair value: June 30, 2023 December 31, 2022 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Senior Notes, due 10/15/2026 $ 1,142,574 $ 1,015,531 $ 1,141,432 $ 984,963 Senior Notes, due 1/15/2028 61,397 58,434 61,330 57,039 Senior Notes, due 3/1/2029 744,317 630,030 743,815 595,493 Senior Notes, due 3/1/2031 1,239,634 1,011,438 1,238,958 961,450 Senior Notes, due 10/15/2033 842,787 665,567 842,435 625,175 Total Senior Notes, net $ 4,030,709 $ 3,381,000 $ 4,027,970 $ 3,224,120

Mortgage Servicing Rights

Mortgage Servicing Rights	6 Months Ended
	Jun. 30, 2023
Transfers and Servicing [Abstract]
Mortgage Servicing Rights	Mortgage Servicing Rights Mortgage servicing rights are recognized as assets on the Condensed Consolidated Balance Sheets when loans are sold, and the associated servicing rights are retained. The Company maintains one class of MSRs asset and has elected the fair value option. These MSRs are recorded at fair value, which is determined using an internal valuation model that calculates the present value of estimated future net servicing fee income. The model includes estimates of prepayment speeds, discount rate, cost to service, float earnings, contractual servicing fee income, and ancillary income and late fees, among others. The following table summarizes changes to the MSR assets: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Fair value, beginning of period $ 6,669,939 $ 6,410,288 $ 6,946,940 $ 5,385,613 MSRs originated 314,840 459,473 519,400 1,256,088 MSRs sales (594,463) (220,025) (676,001) (474,022) Changes in fair value: Due to changes in valuation model inputs or assumptions (1) 245,495 284,556 27,693 1,051,827 Due to collection/realization of cash flows (192,179) (276,534) (374,400) (561,748) Total changes in fair value 53,316 8,022 (346,707) 490,079 Fair value, end of period $ 6,443,632 $ 6,657,758 $ 6,443,632 $ 6,657,758 (1) Reflects changes in assumptions including discount rates and prepayment speed assumptions, mostly due to changes in market interest rates. In addition, it reflects the gains or losses on sales of MSRs during the period. Does not include the change in fair value of derivatives that economically hedge MSRs identified for sale or the effects of contractual prepayment protection resulting from sales of MSRs. The total UPB of mortgage loans serviced, excluding subserviced loans, at June 30, 2023 and December 31, 2022 was $461,947,608 and $486,540,840, respectively. The portfolio primarily consists of high-quality performing agency and government (FHA and VA) loans. As of June 30, 2023, delinquent loans (defined as 60-plus days past-due) were 1.10% of our total portfolio. During the three months ended June 30, 2023, the Company sold excess servicing cash flows on certain agency loans for total proceeds of $246,778. The following is a summary of the weighted average discount rate and prepayment speed assumptions used to determine the fair value of MSRs as well as the expected life of the loans in the servicing portfolio: June 30, 2023 December 31, 2022 Discount rate 9.9 % 9.9 % Prepayment speeds 7.1 % 6.9 % Life (in years) 7.99 8.08 The key assumptions used to estimate the fair value of MSRs are prepayment speeds and the discount rate. Increases in prepayment speeds generally have an adverse effect on the value of MSRs as the underlying loans prepay faster. In a declining interest rate environment, the fair value of MSRs generally decreases as prepayments increase and therefore, the estimated life of the MSRs and related cash flows decrease. Decreases in prepayment speeds generally have a positive effect on the value of MSRs as the underlying loans prepay less frequently. In a rising interest rate environment, the fair value of MSRs generally increases as prepayments decrease and therefore, the estimated life of the MSRs and related cash flows increase. Increases in the discount rate result in a lower MSRs value and decreases in the discount rate result in a higher MSRs value. MSRs uncertainties are hypothetical and do not always have a direct correlation with each assumption. Changes in one assumption may result in changes to another assumption, which might magnify or counteract the uncertainties. The following table stresses the discount rate and prepayment speeds at two different data points: Discount Rate Prepayment Speeds 100 BPS Adverse Change 200 BPS Adverse Change 10% Adverse Change 20% Adverse Change June 30, 2023 Mortgage servicing rights $ (270,989) $ (521,302) $ (163,465) $ (319,197) December 31, 2022 Mortgage servicing rights $ (295,754) $ (565,704) $ (171,297) $ (334,664)

Mortgage Loans Held for Sale

Mortgage Loans Held for Sale	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Mortgage Loans Held for Sale	Mortgage Loans Held for Sale The Company sells substantially all of its originated mortgage loans into the secondary market. The Company retains the right to service a majority of these loans upon sale through ownership of servicing rights. A reconciliation of the changes in mortgage loans held for sale to the amounts presented on the Condensed Consolidated Statements of Cash Flows is below: Six Months Ended June 30, 2023 2022 Balance at the beginning of period $ 7,343,475 $ 19,323,568 Disbursements of mortgage loans held for sale 38,990,084 89,469,172 Proceeds from sales of mortgage loans held for sale (1) (38,370,799) (97,597,641) Gain on sale of mortgage loans excluding fair value of other financial instruments, net (2) 481,683 1,207,770 Balance at the end of period $ 8,444,443 $ 12,402,869 (1) The proceeds from sales of loans held for sale on the Condensed Consolidated Statements of Cash Flows includes amounts related to the sale of personal loans. (2) The Gain on sale of loans excluding fair value of MSRs, net on the Condensed Consolidated Statements of Cash Flows includes amounts related to the sale of personal loans, interest rate lock commitments, forward commitments, and provisions for investor reserves. Credit Risk The Company is subject to credit risk associated with mortgage loans that it purchases and originates during the period of time prior to the sale of these loans. The Company considers credit risk associated with these loans to be insignificant as it holds the loans for a short period of time, which for the six months ended June 30, 2023 is, on average, approximately 33 days from the date of borrowing, and the market for these loans continues to be highly liquid. The Company is also subject to credit risk associated with mortgage loans it has repurchased as a result of breaches of representations and warranties during the period of time between repurchase and resale.

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Borrowings	BorrowingsThe Company maintains various funding facilities and other non-funding debt as shown in the tables below. Interest rates typically have two main components; a base rate, most commonly SOFR, which is sometimes subject to a minimum floor plus a spread. Some facilities have a commitment fee, which can be up to 50 basis points per year. The commitment fee charged by lenders is calculated based on the committed line amount multiplied by a negotiated rate. The Company is required to maintain certain covenants, including minimum tangible net worth, minimum liquidity, maximum total debt or liabilities to net worth ratio, pretax net income requirements, and other customary debt covenants, as defined in the agreements. The Company was in compliance with all covenants as of June 30, 2023. The amount owed and outstanding on the Company’s loan funding facilities fluctuates based on its origination volume, the amount of time it takes the Company to sell the loans it originates, and the Company’s ability to use its cash to self-fund loans. In addition to self-funding, the Company may from time to time use surplus cash to “buy-down” the effective interest rate of certain loan funding facilities or to self-fund a portion of our loan originations. Buy-down funds are included in Cash and cash equivalents on the Condensed Consolidated Balance Sheets. We have the ability to withdraw these funds at any time, unless a margin call has been made or a default has occurred under the relevant facilities. We will also deploy cash to self-fund loan originations, a portion of which can be transferred to a warehouse line or the early buy out line, provided that such loans meet the eligibility criteria to be placed on such lines. The remaining portion will be funded in normal course over a short period of time, generally less than 45 days. The terms of the Senior Notes restrict our ability and the ability of our subsidiary guarantors among other things to: (1) merge, consolidate or sell, transfer or lease assets, and; (2) create liens on assets. Mortgage Funding Facilities Facility Type Collateral Maturity Line Amount Committed Line Amount Outstanding Balance as of June 30, 2023 Outstanding Balance as of December 31, 2022 Mortgage Loan funding: 1) Master Repurchase Agreement (7) Mortgage loans held for sale (6) 10/20/2023 $ 250,000 $ 50,000 $ — $ 49,381 2) Master Repurchase Agreement (7) Mortgage loans held for sale (6) 11/30/2023 1,000,000 100,000 272,527 138,057 3) Master Repurchase Agreement (7) Mortgage loans held for sale (6) 8/9/2024 2,000,000 250,000 394,039 702,128 4) Master Repurchase Agreement (1)(7) Mortgage loans held for sale (6) 4/26/2024 1,500,000 550,000 1,471,689 917,621 5) Master Repurchase Agreement (7) Mortgage loans held for sale (6) 5/4/2024 1,000,000 250,000 619,143 493,029 6) Master Repurchase Agreement (2)(7) Mortgage loans held for sale (6) 9/9/2024 1,500,000 250,000 109,484 101,152 7) Master Repurchase Agreement (3)(7) Mortgage loans held for sale (6) 9/22/2023 1,250,000 250,000 179,379 186,707 8) Master Repurchase Agreement (7) Mortgage loans held for sale (6) 9/27/2024 750,000 100,000 630,481 171,642 $ 9,250,000 $ 1,800,000 $ 3,676,742 $ 2,759,717 Mortgage Loan Early Funding: 9) Early Funding Facility (4)(7) Mortgage loans held for sale (6) (4) $ 5,000,000 $ — $ 700,723 $ 561,874 10) Early Funding Facility (5)(7) Mortgage loans held for sale (6) (5) 2,000,000 — 461,771 227,108 7,000,000 — 1,162,494 788,982 Total Mortgage Funding Facilities $ 16,250,000 $ 1,800,000 $ 4,839,236 $ 3,548,699 (1) This facility has a 12-month initial term, which can be extended for 3-months at each subsequent 3-month anniversary from the initial start date. Subsequent to June 30, 2023, this facility was extended to July 26, 2024. (2) This facility has an overall line size of $1,500,000. This facility also includes a $1,500,000 sublimit for MSR financing; Capacity is fully fungible and is not restricted by these allocations. (3) Subsequent to June 30, 2023, this facility was amended to decrease the total facility size to $1,000,000 with $100,000 committed and was extended to July 21, 2025. (4) This facility is an evergreen agreement with no stated termination or expiration date. This agreement can be terminated by either party upon written notice. (5) This facility has an overall line size of $2,000,000, which is reviewed every 90 days. This facility is an evergreen agreement with no stated termination or expiration date. This agreement can be terminated by either party upon written notice. (6) The Company has multiple borrowing facilities in the form of asset sales under agreements to repurchase. These borrowing facilities are secured by mortgage loans held for sale at fair value as the first priority security interest. (7) The interest rates charged by lenders on funding facilities included the applicable base rate plus a spread ranging from 1.00% to 1.80% for the six months ended June 30, 2023, and the applicable base rate plus a spread ranging from 1.00% to 1.85% for the year ended December 31, 2022. Other Funding Facilities Facility Type Collateral Maturity Line Amount Committed Line Amount Outstanding Balance as of June 30, 2023 Outstanding Balance as of December 31, 2022 Personal Loan funding: 1) Revolving Credit and Security Agreement ( 1 ) Personal loans held for sale 1/30/2025 $ 75,000 $ 75,000 $ 50,000 $ — Total Other Funding Facilities 75,000 75,000 50,000 — Total Funding Facilities $ 16,325,000 $ 1,875,000 $ 4,889,236 $ 3,548,699 (1) The interest rates charged by lenders on funding facilities included the applicable base rate plus a spread ranging from 1.00% to 1.80% for the six months ended June 30, 2023, and the applicable base rate plus a spread ranging from 1.00% to 1.85% for the year ended December 31, 2022. Financing Facilities Facility Type Collateral Maturity Line Amount Committed Line Amount Outstanding Balance as of June 30, 2023 Outstanding Balance as of December 31, 2022 Line of Credit Financing Facilities 1) Unsecured line of credit (1) — 7/27/2025 $ 2,000,000 $ — $ — $ — 2) Unsecured line of credit (1) — 7/31/2025 100,000 — — — 3) Revolving credit facility (2)(4) — 8/10/2025 1,000,000 1,000,000 — — 4) MSR line of credit (4) MSRs 10/20/2023 200,000 — — — 5) MSR line of credit (3)(4) MSRs 9/9/2024 1,500,000 250,000 — — $ 4,800,000 $ 1,250,000 $ — $ — Early Buyout Financing Facility 6) Early buy out facility (4) Loans/ Advances 3/13/2024 $ 1,500,000 $ — $ 361,207 $ 672,882 (1) Refer to Note 6, Transactions with Related Parties for additional details regarding this unsecured line of credit. (2) Subsequent to June 30, 2023, this facility was increased to a total facility size of $1,150,000. (3) This facility is a sublimit of Master Repurchase Agreement 6 , found above in Mortgage Funding Facilities. Refer to Subfootnote 2, Mortgage Funding Facilities for additional details regarding this financing facility. (4) The interest rates charged by lenders on the financing facilities included the applicable base rate, plus a spread ranging from 1.45% to 4.00% for the six months ended June 30, 2023 and the year ended December 31, 2022. Unsecured Senior Notes Facility Type Maturity Interest Rate Outstanding Principal June 30, 2023 Outstanding Principal December 31, 2022 Unsecured Senior Notes (1) 10/15/2026 2.875 % $ 1,150,000 $ 1,150,000 Unsecured Senior Notes (2) 1/15/2028 5.250 % 61,985 61,985 Unsecured Senior Notes (3) 3/1/2029 3.625 % 750,000 750,000 Unsecured Senior Notes (4) 3/1/2031 3.875 % 1,250,000 1,250,000 Unsecured Senior Notes (5) 10/15/2033 4.000 % 850,000 850,000 Total Senior Notes $ 4,061,985 $ 4,061,985 Weighted Average Interest Rate 3.59 % 3.59 % (1) The 2026 Senior Notes are unsecured obligation notes with no asset required to pledge for this borrowing. Unamortized debt issuance costs are presented net against the Senior Notes reducing the $1,150,000 carrying amount on the Condensed Consolidated Balance Sheets by $7,426 and $8,569 as of June 30, 2023 and December 31, 2022, respectively. (2) The 2028 Senior Notes are unsecured obligation notes with no asset required to pledge for this borrowing. Unamortized debt issuance costs and discounts are presented net against the Senior Notes reducing the $61,985 carrying amount on the Condensed Consolidated Balance Sheets by $321 and $267 as of June 30, 2023, respectively, and $358 and $298, as of December 31, 2022, respectively. (3) The 2029 Senior Notes are unsecured obligation notes with no asset required to pledge for this borrowing. Unamortized debt issuance costs are presented net against the Senior Notes reducing the $750,000 carrying amount on the Condensed Consolidated Balance Sheets by $5,683 and $6,185 as of June 30, 2023 and December 31, 2022, respectively. (4) The 2031 Senior Notes are unsecured obligation notes with no asset required to pledge for this borrowing. Unamortized debt issuance costs are presented net against the Senior Notes reducing the $1,250,000 carrying amount on the Condensed Consolidated Balance Sheets by $10,366 and $11,040 as of June 30, 2023 and December 31, 2022, respectively. (5) The 2033 Senior Notes are unsecured obligation notes with no asset required to pledge for this borrowing. Unamortized debt issuance costs are presented net against the Senior Notes reducing the $850,000 carrying amount on the Condensed Consolidated Balance Sheets by $7,213 and $7,565 as of June 30, 2023 and December 31, 2022, respectively. Refer to Note 2, Fair Value Measurements for information pertaining to the fair value of the Company’s debt as of June 30, 2023 and December 31, 2022.

Transactions with Related Parti

Transactions with Related Parties	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Transactions with Related Parties	Transactions with Related Parties The Company has entered into various transactions and agreements with RHI, its subsidiaries, certain other affiliates and related parties (collectively, “Related Parties”). These transactions include providing financing and services as well as obtaining financing and services from these Related Parties. Financing Arrangements On June 9, 2017, Rocket Mortgage and RHI entered into an unsecured line of credit, as further amended and restated on September 16, 2021 (“RHI Line of Credit”), pursuant to which Rocket Mortgage has a borrowing capacity of $2,000,000. The RHI Line of Credit matures on July 27, 2025. Borrowings under the line of credit bear interest at a rate per annum of the applicable base rate, plus a spread of 1.25%. The line of credit is uncommitted and RHI has sole discretion over advances. The RHI Line of Credit also contains negative covenants which restrict the ability of the Company to incur debt and create liens on certain assets. It also requires Rocket Mortgage to maintain a quarterly consolidated net income before taxes if adjusted tangible net worth meets certain requirements. Rocket Mortgage made no repayments during the three and six months ended June 30, 2023 or during the three months ended June 30, 2022 and repaid $762, all attributable to accrued interest, during the six months ended June 30, 2022. There were no outstanding principal or interest amounts due to RHI as of June 30, 2023 and December 31, 2022, respectively. RHI and ATI are parties to a surplus debenture, effective as of December 28, 2015, and as further amended and restated on December 31, 2019 and subsequently on July 31, 2023 (the “RHI/ATI Debenture”), pursuant to which ATI is indebted to RHI for an aggregate principal amount of $21,500. The RHI/ATI Debenture matures on December 31, 2030. Interest under the RHI/ATI Debenture accrues at an annual rate of 8%. Principal and interest under the RHI/ATI Debenture are due and payable quarterly, in each case subject to ATI achieving a certain amount of surplus and payments of all interest before principal payments begin. Any unpaid amounts of principal and interest shall be due and payable upon the maturity of the RHI/ATI Debenture. ATI repaid an aggregate of $250 and $500 for the three and six months ended June 30, 2023 and 2022, respectively. The total amount of interest accrued was $429 and $853 for the three and six months ended June 30, 2023 and 2022, respectively. The aggregate amount due to RHI was $30,434 and $30,081 as of June 30, 2023 and December 31, 2022, respectively. On July 31, 2020, Holdings and RHI entered into an agreement for an uncommitted, unsecured revolving line of credit ("RHI 2nd Line of Credit’’), which will provide for financing from RHI to the Company of up to $100,000. The RHI 2nd Line of Credit matures on July 31, 2025. Borrowings under the line of credit will bear interest at a rate per annum of the applicable base rate plus a spread of 1.25%. The negative covenants of the line of credit restrict the ability of the Company to incur debt and create liens on certain assets. The line of credit also contains customary events of default. There were no draws on the RHI 2nd Line of Credit and no amounts outstanding as of June 30, 2023 and December 31, 2022, respectively. The Notes receivable and due from affiliates was $71,792 and $10,796 as of June 30, 2023 and December 31, 2022, respectively. The Notes payable and due to affiliates was $36,061 and $33,463 as of June 30, 2023 and December 31, 2022, respectively. Services, Products and Other Transactions We have entered into transactions and agreements to provide certain services to Related Parties. We recognized revenue of $2,550 and $3,214 for the three months ended June 30, 2023 and 2022, respectively, and $4,866 and $6,231 for the six months ended June 30, 2023 and 2022, respectively, for the performance of these services, which was included in Other income. We have also entered into transactions and agreements to purchase certain services, products and other transactions from Related Parties. We incurred expenses of $12,611 and $27,901 for the three months ended June 30, 2023 and 2022, respectively, and $26,672 and $66,895 for the six months ended June 30, 2023 and 2022, respectively, for these products, services and other transactions, which are included in General and administrative expenses. The Company has also entered into a Tax Receivable Agreement with RHI and our Chairman as described further in Note 7, Income Taxes. The Company has also guaranteed the debt of a related party as described further in Note 9, Commitments, Contingencies, and Guarantees. Promotional Sponsorships The Company incurred marketing and advertising costs related to the Rocket Mortgage Field House Naming Rights Contract, which is with a related party. The Company incurred expenses of $2,169 and $2,127 for the three months ended June 30, 2023 and 2022, respectively, and $4,339 and $4,604 for the six months ended June 30, 2023 and 2022, respectively, related to this arrangement. Lease Transactions with Related Parties The Company is a party to lease agreements for certain offices, including our headquarters in Detroit, with various affiliates of Bedrock Management Services LLC (“Bedrock”), a related party, and other related parties of the Company. The Company incurred expenses of $18,788 and $18,301 for the three months ended June 30, 2023 and 2022, respectively, and $36,686 and $37,555 for the six months ended June 30, 2023 and 2022, respectively, related to these arrangements.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company had an income tax benefit of $782 on Income before income taxes of $138,370 and income tax expense of $18,761 on Income before income taxes of $78,517 for the three months ended June 30, 2023 and 2022, respectively. The Company had an income tax benefit of $5,286 on Loss before income taxes of $277,617 and income tax expense of $44,610 on Income before income taxes of $1,140,974 for the six months ended June 30, 2023 and 2022, respectively. The Company’s income tax expense varies from the expense that would be expected based on statutory rates due principally to its organizational structure. Rocket Companies owns a portion of the units of Holdings, which is treated as a partnership for U.S. federal tax purposes and in most applicable jurisdictions for state and local income tax purposes. The remaining portion of Holdings is owned by RHI and our Chairman ("LLC Members"). As a partnership, Holdings is not subject to U.S. federal and certain state and local income taxes. Any taxable income or loss generated by Holdings is passed through and included in the taxable income or loss of its members, including Rocket Companies, in accordance with the terms of the operating agreement of Holdings (the "Holdings Operating Agreement"). Rocket Companies is a C Corporation and is subject to U.S. federal, state, and local income taxes with respect to its allocable share of any taxable income of Holdings. Several subsidiaries of Holdings, such as Rocket Mortgage, Amrock and other subsidiaries, are single member LLC entities. As single member LLCs of Holdings, all taxable income or loss generated by these subsidiaries passes through and is included in the income or loss of Holdings. A provision for state and local income taxes is required for certain jurisdictions that tax single member LLCs as regarded entities. Other subsidiaries of Holdings, such as Amrock Title Insurance Co., LMB Mortgage Services and others, are treated as C Corporations and separately file and pay taxes apart from Holdings in various jurisdictions including U.S. federal, state, local and Canada. Tax Receivable Agreement The Company expects to obtain an increase in its share of the tax basis in the net assets of Holdings when Holdings Units are redeemed from or exchanged by the LLC Members. The Company intends to treat any redemptions and exchanges of Holdings Units as direct purchases of Holdings Units for U.S. federal income tax purposes. These increases in tax basis may reduce the amounts that the Company would otherwise pay in the future to various tax authorities. They may also decrease gains (or increase losses) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets. In connection with the reorganization completed prior to our IPO in 2020, the Company entered into a Tax Receivable Agreement (the "Tax Receivable Agreement") with the LLC Members that will obligate the Company to make payments to the LLC Members generally equal to 90% of the applicable cash tax savings that the Company actually realizes or in some cases is deemed to realize as a result of the tax attributes generated by (i) certain increases in our allocable share of the tax basis in Holdings’ assets resulting from (a) the purchases of Holdings Units (along with the corresponding shares of our Class D common stock or Class C common stock) from the LLC Members (or their transferees of Holdings Units or other assignees) using the net proceeds from our initial public offering or in any future offering, (b) exchanges by the LLC Members (or their transferees of Holdings Units or other assignees) of Holdings Units (along with the corresponding shares of our Class D common stock or Class C common stock) for cash or shares of our Class B common stock or Class A common stock, as applicable, or (c) payments under the Tax Receivable Agreement; (ii) tax benefits related to imputed interest deemed arising as a result of payments made under the Tax Receivable Agreement and (iii) disproportionate allocations (if any) of tax benefits to Holdings as a result of section 704(c) of the Code that relate to the reorganization transactions. The Company will retain the benefit of the remaining 10% of these tax savings. Payments of $35,697 and $40,721 were made to the LLC Members pursuant to the Tax Receivable Agreement during the six months ended June 30, 2023 and 2022, respectively. No such payments were made in the three months ended June 30, 2023 or 2022. The amounts payable under the Tax Receivable Agreement will vary depending upon a number of factors, including the amount, character, and timing of the taxable income of Rocket Companies in the future. Any such changes in these factors or changes in the Company’s determination of the need for a valuation allowance related to the tax benefits acquired under the Tax Receivable Agreement could adjust the Tax receivable agreement liability recognized and recorded within earnings in future periods. Tax Distributions The holders of Holdings’ Units, including Rocket Companies Inc., incur U.S. federal, state and local income taxes on their share of any taxable income of Holdings. The Holdings Operating Agreement provides for pro rata cash distributions (“tax distributions”) to the holders of the Holdings Units in an amount generally calculated to provide each holder of Holdings Units with sufficient cash to cover its tax liability in respect of the Holdings Units. In general, these tax distributions are computed based on Holdings’ estimated taxable income, multiplied by an assumed tax rate as set forth in the Holdings Operating Agreement. For the three and six months ended June 30, 2023, Holdings paid no tax distributions to holders of Holdings Units other than Rocket Companies. For the three and six months ended June 30, 2022, Holdings paid tax distributions totaling $6,069 and $166,698, respectively, to holders of Holdings Units other than Rocket Companies.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company enters into interest rate lock commitments ("IRLCs"), forward commitments to sell mortgage loans and forward commitments to purchase loans, which are considered derivative financial instruments. These items are accounted for as free-standing derivatives and are included in the Condensed Consolidated Balance Sheets at fair value. The Company treats all of its derivative instruments as economic hedges; therefore, none of its derivative instruments qualify for designation as accounting hedges. Changes in the fair value of the IRLCs and forward commitments to sell mortgage loans are recorded in current period earnings and are included in Gain on sale of loans, net in the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss). Forward commitments to purchase mortgage loans are recognized in current period earnings and are included in Gain on sale of loans, net in the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss). Additional detail regarding derivative financial instruments is provided in Note 13, Derivative Financial Instruments in our 2022 10-K report. Net hedging gains and losses were as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Hedging gains (1) $ 180,909 $ 1,446,478 $ 101,776 $ 2,979,623 (1) Includes the change in fair value related to derivatives economically hedging MSRs identified for sale. Refer to Note 2, Fair Value Measurements, for additional information on the fair value of derivative financial instruments. Notional and Fair Value The notional and fair values of derivative financial instruments not designated as hedging instruments were as follows: Notional Value Derivative Asset Derivative Liability Balance at June 30, 2023: IRLCs, net of loan funding probability (1) $ 7,121,873 $ 127,690 $ — Forward commitments (2) $ 13,805,926 $ 106,996 $ 12,766 Balance at December 31, 2022: IRLCs, net of loan funding probability (1) $ 4,373,465 $ 90,635 $ — Forward commitments (2) $ 10,963,989 $ 22,444 $ 25,117 (1) IRLCs are also discussed in Note 9, Commitments, Contingencies, and Guarantees. (2) Includes the fair value and net notional value related to derivatives economically hedging MSRs identified for sale. Counterparty agreements for forward commitments contain master netting agreements. The table below presents the gross amounts of recognized assets and liabilities subject to master netting agreements. Margin cash is cash that is exchanged by counterparties to be held as collateral related to these derivative financial instruments. Margin cash held on behalf of counterparties is recorded in Cash and cash equivalents, and the related liability is classified in Other liabilities in the Condensed Consolidated Balance Sheets. Margin cash pledged to counterparties is excluded from cash and cash equivalents and instead recorded in Other assets as a margin call receivables from counterparties in the Condensed Consolidated Balance Sheets. The Company had zero and $24,102 of margin cash pledged to counterparties related to these forward commitments at June 30, 2023 and December 31, 2022, respectively. As of June 30, 2023 and December 31, 2022, there was $44,151 and $959 of margin cash held on behalf of counterparties, respectively. Gross Amount of Recognized Assets or Liabilities Gross Amounts Offset in the Condensed Consolidated Balance Sheets Net Amounts Presented in the Condensed Consolidated Balance Sheets Offsetting of Derivative Assets Balance at June 30, 2023: Forward commitments $ 135,309 $ (28,313) $ 106,996 Balance at December 31, 2022: Forward commitments $ 71,484 $ (49,040) $ 22,444 Offsetting of Derivative Liabilities Balance at June 30, 2023: Forward commitments $ (16,193) $ 3,427 $ (12,766) Balance at December 31, 2022: Forward commitments $ (69,007) $ 43,890 $ (25,117) Counterparty Credit Risk Credit risk is defined as the possibility that a loss may occur from the failure of another party to perform in accordance with the terms of the contract, which exceeds the value of existing collateral, if any. The Company attempts to limit its credit risk by dealing with creditworthy counterparties and obtaining collateral where appropriate. The Company is exposed to credit loss in the event of contractual nonperformance by its trading counterparties and counterparties to its various over-the-counter derivative financial instruments noted in the above Notional and Fair Value discussion. The Company manages this credit risk by selecting only counterparties that it believes to be financially strong, spreading the credit risk among many such counterparties, placing contractual limits on the amount of unsecured credit extended to any single counterparty, and entering into netting agreements with the counterparties as appropriate. Certain counterparties have master netting agreements. The master netting agreements contain a legal right to offset amounts due to and from the same counterparty. Derivative assets in the Condensed Consolidated Balance Sheets represent derivative contracts in a gain position, net of loss positions with the same counterparty and, therefore, also represent the Company’s maximum counterparty credit risk. The Company incurred no credit losses due to nonperformance of any of its counterparties during the three and six months ended June 30, 2023 and 2022.

Commitments, Contingencies, and

Commitments, Contingencies, and Guarantees	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies, and Guarantees	Commitments, Contingencies, and Guarantees Interest Rate Lock Commitments IRLCs are agreements to lend to a client as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company evaluates each client’s creditworthiness on a case-by-case basis. The number of days from the date of the IRLC to expiration of fixed and variable rate lock commitments outstanding at June 30, 2023 and December 31, 2022 was approximately 42 days and 48 days on average, respectively. The UPB of IRLCs was as follows: June 30, 2023 December 31, 2022 Fixed Rate Variable Rate Fixed Rate Variable Rate IRLCs $ 9,563,181 $ 276,489 $ 6,108,132 $ 326,638 Commitments to Sell Mortgage Loans In the ordinary course of business, the Company enters into contracts to sell existing mortgage loans held for sale into the secondary market at specified future dates. The amount of commitments to sell existing loans at June 30, 2023 and December 31, 2022 was $1,161,994 and $20,618, respectively. Commitments to Sell Loans with Servicing Released In the ordinary course of business, the Company enters into contracts to sell the MSRs of certain newly originated loans on a servicing released basis. In the event that a forward commitment is not filled and there has been an unfavorable market shift from the date of commitment to the date of settlement, the Company is contractually obligated to pay a pair-off fee on the undelivered balance. There were $150,831 and $223,314 of loans committed to be sold servicing released at June 30, 2023 and December 31, 2022, respectively. Investor Reserves The maximum exposure under the Company’s representations and warranties would be the outstanding principal balance and any premium received on all loans ever sold by the Company, less (i) loans that have already been paid in full by the mortgagee, (ii) loans that have defaulted without a breach of representations and warranties, (iii) loans that have been indemnified via settlement or make-whole, or (iv) loans that have been repurchased. Additionally, the Company may receive relief of certain representation and warranty obligations on loans sold to Fannie Mae or Freddie Mac on or after January 1, 2013 if Fannie Mae or Freddie Mac satisfactorily concludes a quality control loan file review or if the borrower meets certain acceptable payment history requirements within 12 or 36 months after the loan is sold to Fannie Mae or Freddie Mac. Investor reserves as of June 30, 2023 and December 31, 2022 were $100,828 and $110,147, respectively. Escrow Deposits As a service to its clients, the Company administers escrow deposits representing undisbursed amounts received for payment of property taxes, insurance, funds for title services, principal, and interest on mortgage loans held for sale. Escrow deposits for property taxes, insurance and settlement funds for title services was $4,724,577 and $3,471,913, and for principal and interest was $3,089,020 and $2,529,326 at June 30, 2023 and December 31, 2022, respectively. These amounts are not considered assets of the Company and, therefore, are excluded from the Condensed Consolidated Balance Sheets. The Company remains contingently liable for the disposition of these deposits. Guarantees As of June 30, 2023 and December 31, 2022, the Company guaranteed the debt of a related party consisting of three separate guarantees totaling $2,640 and $3,495, respectively. As of June 30, 2023 and December 31, 2022, the Company did not record a liability on the Condensed Consolidated Balance Sheets for these guarantees because it was not probable that the Company would be required to make payments under these guarantees. Tax Receivable Agreement As indicated in Note 7, Income Taxes, the Company is party to a Tax Receivable Agreement. Legal Rocket Companies’ subsidiaries, among other things, engage in mortgage lending, title and settlement services, and other financial technology services. Rocket Companies and its subsidiaries operate in highly regulated industries and are routinely subject to various legal and administrative proceedings concerning matters that arise in the normal and ordinary course of business, including inquiries, complaints, subpoenas, audits, examinations, investigations and potential enforcement actions from regulatory agencies and state attorney generals; state and federal lawsuits and putative class actions; and other litigation. Periodically, we assess our potential liabilities and contingencies in connection with outstanding legal and administrative proceedings utilizing the latest information available. While it is not possible to predict the outcome of any of these matters, based on our assessment of the facts and circumstances, we do not believe any of these matters, individually or in the aggregate, will have a material adverse effect on our financial position, results of operations or cash flows. However, actual outcomes may differ from those expected and could have a material effect on our financial position, results of operations, or cash flows in a future period. Rocket Companies accrues for losses when they are probable to occur and such losses are reasonably estimable. Legal costs are expensed as they are incurred. As of June 30, 2023 and December 31, 2022, the Company had reserves related to potential damages in connection with any legal proceedings of $15,000. The ultimate outcome of these or other legal or administrative proceedings, including any monetary awards against us, is uncertain and there can be no assurance as to the amount of any such potential awards. Rocket Companies will incur defense costs and other expenses in connection with these proceedings. Plus, if a judgment for money that exceeds specified thresholds is rendered against us and we fail to timely pay, discharge, bond or obtain a stay of execution of such judgment, it is possible that we could be deemed in default of loan funding facilities and other agreements governing indebtedness. If the final resolution in one or more of these proceedings is unfavorable, it could have a material adverse effect on our business, liquidity, financial condition, cash flows and results of operations.

Minimum Net Worth Requirements

Minimum Net Worth Requirements	6 Months Ended
	Jun. 30, 2023
Mortgage Banking [Abstract]
Minimum Net Worth Requirements	Minimum Net Worth Requirements Certain secondary market investors and state regulators require the Company to maintain minimum net worth and capital requirements. To the extent that these requirements are not met, secondary market investors and/or the state regulators may utilize a range of remedies including sanctions, and/or suspension or termination of selling and servicing agreements, which may prohibit the Company from originating, securitizing or servicing these specific types of mortgage loans. Rocket Mortgage is subject to certain minimum net worth, minimum capital ratio and minimum liquidity requirements established by the Federal Housing Finance Agency (“FHFA”) for Fannie Mae and Freddie Mac Seller/Servicers, and Ginnie Mae for single family issuers. Furthermore, refer to Note 5, Borrowings for additional information regarding compliance with all covenant requirements.

Segments

Segments	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segments	Segments The Company’s Chief Executive Officer, who has been identified as its Chief Operating Decision Maker (“CODM”), has evaluated how the Company views and measures its performance. ASC 280, Segment Reporting establishes the standards for reporting information about segments in financial statements. In applying the criteria set forth in that guidance, the Company has determined that it has two reportable segments - Direct to Consumer and Partner Network. The key factors used to identify these reportable segments are the Company’s internal operations and the nature of its marketing channels, which drive client acquisition into the mortgage platform. This determination reflects how its CODM monitors performance, allocates capital and makes strategic and operational decisions. The Company’s segments are described as follows: Direct to Consumer In the Direct to Consumer segment, clients have the ability to interact with Rocket Mortgage online and/or with the Company’s mortgage bankers. The Company markets to potential clients in this segment through various brand campaigns and performance marketing channels. The Direct to Consumer segment derives revenue from originating, closing, selling and servicing predominantly agency-conforming loans, which are pooled and sold to the secondary market. The segment also includes title insurance, appraisals and settlement services complementing the Company’s end-to-end mortgage origination experience. Servicing activities are fully allocated to the Direct to Consumer segment and are viewed as an extension of the client experience. Servicing enables Rocket Mortgage to establish and maintain long term relationships with our clients, through multiple touchpoints at regular engagement intervals. Revenues in the Direct to Consumer segment are generated primarily from the gain on sale of loans, which includes loan origination fees, revenues associated with title insurance, appraisals and settlement services, and revenues from sales of loans into the secondary market, as well as the fair value of originated MSRs and hedging gains and losses. Loan servicing income consists of the contractual fees earned for servicing loans and other ancillary servicing fees, as well as changes in the fair value of MSRs due to changes in valuation assumptions and realization of cash flows. Partner Network The Rocket Professional platform supports our Partner Network segment, where we leverage our superior client service and widely recognized brand to grow marketing and influencer relationships, and our mortgage broker partnerships through Rocket Pro TPO ("third party origination"). Our marketing partnerships consist of well-known consumer-focused companies that find value in our award-winning client experience and want to offer their clients mortgage solutions with our trusted, widely recognized brand. These organizations connect their clients directly to us through marketing channels and a referral process. Our influencer partnerships are typically with companies that employ licensed mortgage professionals that find value in our client experience, technology and efficient mortgage process, where mortgages may not be their primary offering. We also enable clients to start the mortgage process through the Rocket platform in the way that works best for them, including through a local mortgage broker. Revenues in the Partner Network segment are generated primarily from the gain on sale of loans, which includes loan origination fees, revenues associated with title insurance, appraisals and settlement services, and revenues from sales of loans into the secondary market, as well as the fair value of originated MSRs and hedging gains and losses. Other Information About Our Segments The Company measures the performance of the segments primarily on a contribution margin basis. The accounting policies applied by our segments are described in Note 1, Business, Basis of Presentation and Accounting Policies . Directly attributable expenses include Salaries, commissions and team member benefits, General and administrative expenses and Other expenses, such as servicing costs and origination costs. The Company does not allocate assets to its reportable segments as they are not included in the review performed by the CODM for purposes of assessing segment performance and allocating resources. The Condensed Consolidated Balance Sheets is managed on a consolidated basis and is not used in the context of segment reporting. The Company also reports an “All Other” category that includes operations from Rocket Homes, Rocket Connections, Rocket Auto, Core Digital Media, Rocket Loans, Rocket Money and includes professional service fee revenues from related parties. These operations are neither significant individually nor in aggregate and therefore do not constitute a reportable segment. Key operating data for our business segments for the periods ended: Three Months Ended June 30, 2023 Direct to Partner Segments All Other Total Revenues Gain on sale $ 476,052 $ 108,580 $ 584,632 $ 9,837 $ 594,469 Interest income 45,484 36,043 81,527 (770) 80,757 Interest expense on funding facilities (24,509) (19,466) (43,975) (97) (44,072) Servicing fee income 342,328 — 342,328 1,263 343,591 Changes in fair value of MSRs 42,377 — 42,377 — 42,377 Other income 134,661 4,196 138,857 80,248 219,105 Total U.S. GAAP Revenue, net 1,016,393 129,353 1,145,746 90,481 1,236,227 Change in fair value of MSRs due to valuation assumptions, net of hedges (234,556) — (234,556) — (234,556) Adjusted revenue 781,837 129,353 911,190 90,481 1,001,671 Less: Directly attributable expenses 529,222 66,425 595,647 69,591 665,238 Contribution margin $ 252,615 $ 62,928 $ 315,543 $ 20,890 $ 336,433 Six Months Ended June 30, 2023 Direct to Consumer Partner Network Segments Total All Other Total Revenues Gain on sale $ 866,394 $ 180,574 $ 1,046,968 $ 17,064 $ 1,064,032 Interest income 83,606 63,715 147,321 180 147,501 Interest expense on funding facilities (41,316) (31,664) (72,980) (152) (73,132) Servicing fee income 707,545 — 707,545 2,431 709,976 Changes in fair value of MSRs (355,902) — (355,902) — (355,902) Other income 251,181 7,814 258,995 150,825 409,820 Total U.S. GAAP Revenue, net 1,511,508 220,439 1,731,947 170,348 1,902,295 Change in fair value of MSRs due to valuation assumptions, net of hedges (18,498) — (18,498) — (18,498) Adjusted revenue 1,493,010 220,439 1,713,449 170,348 1,883,797 Less: Directly attributable expenses 1,034,805 131,784 1,166,589 146,433 1,313,022 Contribution margin $ 458,205 $ 88,655 $ 546,860 $ 23,915 $ 570,775 Three Months Ended June 30, 2022 Direct to Consumer Partner Network Segments Total All Other Total Revenues Gain on sale $ 645,453 $ 157,459 $ 802,912 $ 3,926 $ 806,838 Interest income 50,944 27,547 78,491 705 79,196 Interest expense on funding facilities (27,704) (14,999) (42,703) (3) (42,706) Servicing fee income 356,779 — 356,779 799 357,578 Changes in fair value of MSRs (12,522) — (12,522) — (12,522) Other income 92,910 7,202 100,112 103,923 204,035 Total U.S. GAAP Revenue, net 1,105,860 177,209 1,283,069 109,350 1,392,419 Change in fair value of MSRs due to valuation assumptions, net of hedges (266,969) — (266,969) — (266,969) Adjusted revenue 838,891 177,209 1,016,100 109,350 1,125,450 Less: Directly attributable expenses 609,431 95,701 705,132 104,366 809,498 Contribution margin $ 229,460 $ 81,508 $ 310,968 $ 4,984 $ 315,952 Six Months Ended June 30, 2022 Direct to Consumer Partner Network Segments Total All Other Total Revenues Gain on sale $ 1,862,556 $ 415,515 $ 2,278,071 $ 12,552 $ 2,290,623 Interest income 108,546 59,715 168,261 1,476 169,737 Interest expense on funding facilities (54,432) (29,968) (84,400) (3) (84,403) Servicing fee income 722,279 — 722,279 1,514 723,793 Changes in fair value of MSRs 441,858 — 441,858 — 441,858 Other income 259,938 23,679 283,617 237,790 521,407 Total U.S. GAAP Revenue, net 3,340,745 468,941 3,809,686 253,329 4,063,015 Change in fair value of MSRs due to valuation assumptions, net of hedges (1,006,186) — (1,006,186) — (1,006,186) Adjusted revenue 2,334,559 468,941 2,803,500 253,329 3,056,829 Less: Directly attributable expenses 1,478,641 215,735 1,694,376 223,237 1,917,613 Contribution margin $ 855,918 $ 253,206 $ 1,109,124 $ 30,092 $ 1,139,216 The following table represents a reconciliation of segment contribution margin to consolidated U.S. GAAP income before taxes for the three and six months ended: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Contribution margin, excluding change in MSRs due to valuation assumptions $ 336,433 $ 315,952 $ 570,775 $ 1,139,216 Change in fair value of MSRs due to valuation assumptions, net of hedges 234,556 266,969 18,498 1,006,186 Contribution margin, including change in MSRs due to valuation assumptions 570,989 582,921 589,273 2,145,402 Less expenses not allocated to segments : Salaries, commissions and team member benefits 222,645 290,639 443,527 534,683 General and administrative expenses 145,595 162,453 288,708 354,910 Depreciation and amortization 25,357 24,780 56,042 45,822 Interest and amortization expense on non-funding debt 38,333 38,282 76,667 76,946 Other expenses 689 (11,750) 1,946 (7,933) Income (loss) before income taxes $ 138,370 $ 78,517 $ (277,617) $ 1,140,974

Non-controlling Interest

Non-controlling Interest	6 Months Ended
	Jun. 30, 2023
Noncontrolling Interest [Abstract]
Non-controlling Interest	Non-controlling Interest The non-controlling interest balance represents the economic interest in Holdings held by our Chairman and RHI. The following table summarizes the ownership of Holdings Units in Holdings as of June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 Holdings Units Ownership Percentage Holdings Units Ownership Percentage Rocket Companies, Inc.'s ownership of Holdings Units 127,129,449 6.43 % 123,491,606 6.26 % Holdings Units held by our Chairman 1,101,822 0.06 % 1,101,822 0.06 % Holdings Units held by RHI 1,847,777,661 93.51 % 1,847,777,661 93.68 % Balance at end of period 1,976,008,932 100.00 % 1,972,371,089 100.00 % The non-controlling interest holders have the right to exchange Holdings Units, together with a corresponding number of shares of our Class D common stock or Class C common stock (together referred to as “Paired Interests”), for, at our option, (i) shares of our Class B common stock or Class A common stock or (ii) cash from a substantially concurrent public offering or private sale (based on the price of our Class A common stock). As such, future exchanges of Paired Interests by non-controlling interest holders will result in a change in ownership and reduce or increase the amount recorded as non-controlling interest and increase or decrease additional paid-in-capital when Holdings has positive or negative net assets, respectively. As of June 30, 2023, our Chairman has not exchanged any Paired Interests. As of June 30, 2023, Rocket Companies has repurchased 32,140,667 shares of Class A common stock under the Share Repurchase Program extended and renewed in November 2022.

Share-based Compensation

Share-based Compensation	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-based Compensation	Share-based Compensation Restricted stock units and stock options are granted to team members and directors of the Company and its affiliates under the 2020 Omnibus Incentive Plan. Share-based compensation expense is recognized on a straight-line basis over the requisite service period based on the fair value of the award on the date of grant, with forfeitures recognized as they occur. The Company granted approximately 40,000 and 2,540,000 restricted stock units with an estimated future expense of $350 and $21,850, during the three and six months ended June 30, 2023, respectively. These awards generally vest annually over a three-year period or quarterly over an accelerated four-year period, subject to the grantee’s employment or service with the Company through each applicable vesting date. Additionally, during the three and six months ended June 30, 2023, the Company granted no and approximately 4,000,000 restricted stock units with an estimated future expense of zero and $34,700 that vest in December 2023, respectively. The Company has an employee stock purchase plan, also referred to as the Team Member Stock Purchase Plan ("TMSPP"), under which eligible team members may direct the Company to withhold up to 15% of their gross pay to purchase shares of common stock at a price equal to 85% of the closing market price on the exercise date. The TMSPP is a liability classified compensatory plan and the Company recognizes compensation expense over the offering period based on the fair value of the purchase discount. The number of shares purchased by team members through the TMSPP were 794,282 and 1,456,798, during the three months ended June 30, 2023 and 2022, respectively and 1,673,099 and 2,475,673 for the six months ended June 30, 2023 and 2022, respectively. Additionally, we allocated costs associated with awards granted by Rock Holdings, Inc. (“RHI”) in the years prior to the reorganization and IPO and certain of our subsidiaries have individual compensation plans that include equity awards and stock appreciation rights. The components of share-based compensation expense included in Salaries, commissions and team member benefits on the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)is as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Rocket Companies, Inc. sponsored plans Restricted stock units $ 41,570 $ 44,101 $ 84,167 $ 86,593 Stock options 7,819 9,270 16,048 18,846 Team Member Stock Purchase Plan 1,140 1,634 2,269 3,732 Subtotal Rocket Companies, Inc. sponsored plans $ 50,529 $ 55,005 $ 102,484 $ 109,171 RHI restricted stock units — 1,257 — 14,033 Subsidiary plans 167 179 172 348 Total share-based compensation expense $ 50,696 $ 56,441 $ 102,656 $ 123,552

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per ShareThe Company applies the two-class method for calculating and presenting earnings per share by separately presenting earnings per share for Class A common stock and Class B common stock. In applying the two-class method, the Company allocates undistributed earnings equally on a per share basis between Class A and Class B common stock. According to the Company’s certificate of incorporation, the holders of the Class A and Class B common stock are entitled to participate in earnings equally on a per-share basis, as if all shares of common stock were of a single class, and in dividends as may be declared by the board of directors. Holders of the Class A and Class B common stock also have equal priority in liquidation. Shares of Class C and Class D common stock do not participate in earnings of Rocket Companies, Inc. As a result, the shares of Class C and Class D common stock are not considered participating securities and are not included in the weighted-average shares outstanding for purposes of earnings per share. Restricted stock units awarded as part of the Company’s compensation program are included in the weighted-average Class A shares outstanding in the calculation of basic earnings per share once the units are fully vested. Basic earnings per share of Class A common stock is computed by dividing Net income (loss) attributable to Rocket Companies by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted earnings per share of Class A common stock is computed by dividing Net income (loss) attributable to Rocket Companies by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities. There was no Class B common stock outstanding as of June 30, 2023 or 2022. See Note 12, Non-controlling Interest for a description of Paired Interests and their potential impact on Class A and Class B share ownership. The following table sets forth the calculation of the basic and diluted earnings per share for the period: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Net income (loss) $ 139,152 $ 59,756 $ (272,331) $ 1,096,364 Net (income) loss attributable to non-controlling interest (131,714) (56,341) 261,246 (1,039,237) Net income (loss) attributable to Rocket Companies 7,438 3,415 (11,085) 57,127 Add: Reallocation of net income attributable to vested, undelivered stock awards — 2 — 34 Net income (loss) attributable to common shareholders $ 7,438 $ 3,417 $ (11,085) $ 57,161 Numerator: Net income (loss) attributable to Class A common shareholders - basic $ 7,438 $ 3,417 $ (11,085) $ 57,161 Add: Reallocation of net income (loss) attributable to dilutive impact of pro-forma conversion of Class D shares to Class A shares (1) 97,491 38,750 (198,229) 790,709 Add: Reallocation of net income (loss) attributable to dilutive impact of share-based compensation awards (2) 206 93 (269) 1,596 Net income (loss) attributable to Class A common shareholders - diluted $ 105,135 $ 42,260 $ (209,583) $ 849,466 Denominator: Weighted average shares of Class A common stock outstanding - basic 126,740,748 118,801,530 125,742,282 120,735,056 Add: Dilutive impact of conversion of Class D shares to Class A shares 1,848,879,483 1,848,879,483 1,848,879,483 1,848,879,483 Add: Dilutive impact of share-based compensation awards (3) 3,830,420 4,060,751 2,526,432 4,009,477 Weighted average shares of Class A common stock outstanding - diluted 1,979,450,651 1,971,741,764 1,977,148,197 1,973,624,016 Earnings (loss) per share of Class A common stock outstanding - basic $ 0.06 $ 0.03 $ (0.09) $ 0.47 Earnings (loss) per share of Class A common stock outstanding - diluted $ 0.05 $ 0.02 $ (0.11) $ 0.43 (1) Net income (loss) calculated using the estimated annual effective tax rate of Rocket Companies, Inc. (2) Reallocation of net income (loss) attributable to dilutive impact of share-based compensation awards for the three months ended June 30, 2023 and 2022 comprised of $203 and $88 related to restricted stock units and $3 and $5 related to TMSPP, respectively. Reallocation of net income (loss) attributable to dilutive impact of share-based compensation awards for the six months ended June 30, 2023 and 2022 comprised of $(259) and $1,480 related to restricted stock units and $(10) and $116 related to TMSPP, respectively. (3) Dilutive impact of share-based compensation awards for the three months ended June 30, 2023 and 2022 comprised of 3,760,643 and 3,839,263 related to restricted stock units and 69,776 and 221,488 related to TMSPP, respectively. Dilutive impact of share-based compensation awards for the six months ended June 30, 2023 and 2022 comprised of 2,431,355 and 3,719,060 related to restricted stock units and 95,077 and 290,417 related to TMSPP, respectively.

Business, Basis of Presentati_2

Business, Basis of Presentation and Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation	As the sole managing member of Holdings, the Company operates and controls all of the business affairs of Holdings, and through Holdings and its subsidiaries, conducts its business. Holdings is considered a variable interest entity (“VIE”) and we consolidate the financial results of Holdings under the guidance of ASC 810, Consolidation. A portion of our Net income (loss) is allocated to Net (income) loss attributable to non-controlling interest. For further details, refer below to Variable Interest Entities and Note 12 , Non-controlling Interest. All significant intercompany transactions and accounts between the businesses comprising the Company have been eliminated in the accompanying condensed consolidated financial statements. The Company's derivatives, IRLCs, MSRs, mortgage and non-mortgage loans held for sale, and available for sale investment securities are measured at fair value on a recurring basis. Additionally, other assets may be required to be measured at fair value in the condensed consolidated financial statements on a nonrecurring basis. Examples of such measurements are mortgage loans transferred between held for investment and held for sale, certain impaired loans, and other real estate owned. For further details of the Company's transactions refer to Note 2, Fair Value Measurements. All transactions and accounts between RHI and other related parties with the Company have a history of settlement or will be settled for cash and are reflected as related party transactions. For further details of the Company’s related party transactions refer to Note 6, Transactions with Related Parties .
Basis of Presentation	Our condensed consolidated financial statements are unaudited and presented in U.S. dollars. They have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The interim financial information should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC. In our opinion, these condensed consolidated financial statements include all normal and recurring adjustments considered necessary for a fair statement of our results of operations, financial position and cash flows for the periods presented. However, our results of operations for any interim period are not necessarily indicative of the results that may be expected for a full fiscal year or for any other future period.
Management Estimates	Management EstimatesThe preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Although management is not currently aware of any factors that would significantly change its estimates and assumptions, actual results may differ from these estimates.
Subsequent Events	Subsequent Events In preparing these condensed consolidated financial statements, the Company evaluated events and transactions for potential recognition or disclosure through the date these condensed consolidated financial statements were issued. Refer to Note 5, Borrowings and Note 6, Transactions with Related Parties for disclosures on changes to the Company's debt and related party agreements that occurred subsequent to June 30, 2023.
Revenue Recognition	Revenue Recognition Gain on sale of loans, net — includes all components related to the origination and sale of mortgage loans, including (1) net gain on sale of loans, which represents the premium we receive in excess of the loan principal amount and certain fees charged by investors upon sale of loans into the secondary market, (2) loan origination fees (credits), points and certain costs, (3) provision for or benefit from investor reserves, (4) the change in fair value of interest rate locks and loans held for sale, (5) the gain or loss on forward commitments hedging loans held for sale and interest rate lock commitments (IRLCs), and (6) the fair value of originated MSRs. An estimate of the Gain on sale of loans, net is recognized at the time an IRLC is issued, net of a pull-through factor. Subsequent changes in the fair value of IRLCs and mortgage loans held for sale are recognized in current period earnings. When the mortgage loan is sold into the secondary market, any difference between the proceeds received and the current fair value of the loan is recognized in current period earnings in Gain on sale of loans, net. Included in Gain on sale of loans, net is the Fair value of originated MSRs, which represents the estimated fair value of MSRs related to loans which we have sold and retained the right to service. Refer to Note 3, Mortgage Servicing Rights for information related to the gain/(loss), net in the fair value of MSRs. Loan servicing income, net — includes income from servicing, sub-servicing and ancillary fees, and is recorded to income as earned, which is upon collection of payments from borrowers. This amount also includes the Change in fair value of MSRs, which is the adjustment for the fair value measurement of the MSR asset as of the respective balance sheet date. Interest income, net — includes interest earned on mortgage loans held for sale and mortgage loans held for investment net of the interest expense paid on our loan funding facilities. Interest income is recorded as earned and interest expense is recorded as incurred. Interest income is accrued and credited to income daily based on the unpaid principal balance outstanding. The accrual of interest is generally discontinued when a loan becomes 90 days past due. Other income — is derived primarily from closing fees, net appraisal revenue, net title insurance fees, personal finance subscription revenue, deposit interest income, real estate network referral fees, contact center revenue, personal loans business, professional service fees, and lead generation revenue. The following revenue streams fall within the scope of ASC Topic 606 — Revenue from Contracts with Customers and are disaggregated hereunder: Rocket Money subscription revenue — The Company recognizes subscription revenue ratably over the contract term beginning on the commencement date of each contract. We have determined that subscriptions represent a stand-ready obligation to perform over the subscription term. These performance obligations are satisfied over time as the customer simultaneously receives and consumes the benefits. Contracts are one month to one year in length. Subscription revenues were $42,994 and $26,175 for the three months ended June 30, 2023 and 2022, respectively and $82,179 and $51,929 for the six months ended June 30, 2023 and 2022, respectively. Amrock closing fees — The Company recognizes closing fees for non-recurring services provided in connection with the origination of the loan. These fees are recognized at the time of loan closing for purchase transactions or at the end of a client's three-day rescission period for refinance transactions, which represents the point in time the loan closing services performance obligation is satisfied. The consideration received for closing services is a fixed fee per loan that varies by state and loan type. Closing fees were $20,810 and $37,929 for the three months ended June 30, 2023 and 2022, respectively and $38,298 and $114,907 for the six months ended June 30, 2023 and 2022, respectively. Amrock appraisal revenue, net — The Company recognizes appraisal revenue when the appraisal service is completed. The Company may choose to deliver appraisal services directly to its client or subcontract such services to a third-party licensed and/or certified appraiser. In instances where the Company performs the appraisal, revenue is recognized as the gross amount of consideration received at a fixed price per appraisal. The Company is an agent in instances where a third-party appraiser is involved in the delivery of appraisal services and revenue is recognized net of third-party appraisal expenses. Appraisal revenue, net of intercompany eliminations, were $12,953 and $15,295 for the three months ended June 30, 2023 and 2022, respectively and $24,819 and $37,317 for the six months ended June 30, 2023 and 2022, respectively. Rocket Homes real estate network referral fees — The Company recognizes real estate network referral fee revenue based on arrangements with partner agencies contingent on the closing of a transaction. As this revenue stream is variable, and is contingent on the successful transaction close, the revenue is constrained until the occurrence of the transaction. At this point, the constraint on recognizing revenue is deemed to have been lifted and revenue is recognized for the consideration expected to be received. Real estate network referral fees, net of intercompany eliminations, were $13,776 and $14,871 for the three months ended June 30, 2023 and 2022, respectively and $20,747 and $26,269 for the six months ended June 30, 2023 and 2022, respectively. Professional service fees — The Company recognizes professional service fee revenue based on the delivery of services (e.g., human resources, technology, training) over the term of a contract. Consideration for the promised services is received through a combination of a fixed fee for the period and incremental fees paid for optional services that are available at an incremental rate determined at the time such services are requested. The Company recognizes the annual fee ratably over the life of the contract, as the performance obligation is satisfied equally over the term of the contract. For the optional services, revenue is only recognized at the time the services are requested and delivered and pricing is agreed upon. Professional service fee revenues were $2,282 and $3,106 for the three months ended June 30, 2023 and 2022, respectively and $4,469 and $6,110 for the six months ended June 30, 2023 and 2022, respectively, and were rendered entirely to related parties. Core Digital Media lead generation revenue — The Company recognizes online consumer acquisition revenue based on successful delivery of marketing leads to a client at a fixed fee per lead. This service is satisfied at the time the lead is delivered, at which time revenue for the service is recognized. Online consumer acquisition revenue, net of intercompany eliminations, were $1,040 and $2,450 for the three months ended June 30, 2023 and 2022, respectively and $2,104 and $6,914 for the six months ended June 30, 2023 and 2022, respectively. Rocket Connections and Rocket Auto contact center revenue — The Company recognizes contact center revenue for communication services including client support and sales. Consideration received mainly includes a fixed base fee and/or a variable contingent fee. The fixed base fee is recognized ratably over the period of performance, as the performance obligation is considered to be satisfied equally throughout the service period. The variable contingent fee related to car sales is constrained until the sale of the car is completed. Contact center revenues, net of intercompany eliminations, were $187 and $3,842 for the three months ended June 30, 2023 and 2022, respectively and $709 and $13,157 for the six months ended June 30, 2023 and 2022, respectively.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash The Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents. We maintain our bank accounts with a relatively small number of high-quality financial institutions.
Loans subject to repurchase right from Ginnie Mae	Loans subject to repurchase right from Ginnie Mae For certain loans sold to Ginnie Mae, the Company as the servicer has the unilateral right to repurchase any individual loan in a Ginnie Mae securitization pool if that loan meets defined criteria, including being delinquent more than 90 days. Once the Company has the unilateral right to repurchase the delinquent loan, the Company has effectively regained control over the loan and must re-recognize the loan on the Condensed Consolidated Balance Sheets and establish a corresponding finance liability regardless of the Company's intention to repurchase the loan. The asset and corresponding liability are recorded at the unpaid principal balance of the loan, which approximates its fair value.
Variable Interest Entities	Variable Interest Entities Rocket Companies, Inc. is the managing member of Holdings with 100% of the management and voting power in Holdings. In its capacity as managing member, Rocket Companies, Inc. has the sole authority to make decisions on behalf of Holdings and bind Holdings to signed agreements. Further, Holdings maintains separate capital accounts for its investors as a mechanism for tracking earnings and subsequent distribution rights. Accordingly, management concluded that Holdings is a limited partnership or similar legal entity as contemplated in ASC 810, Consolidation . Furthermore, management concluded that Rocket Companies, Inc. is Holdings’ primary beneficiary. As the primary beneficiary, Rocket Companies, Inc. consolidates the results and operations of Holdings for financial reporting purposes under the variable interest consolidation model guidance in ASC 810. Rocket Companies, Inc.'s relationship with Holdings results in no recourse to the general credit of Rocket Companies, Inc. Holdings and its consolidated subsidiaries represents Rocket Companies, Inc.'s sole investment. Rocket Companies, Inc. shares in the income and losses of Holdings in direct proportion to Rocket Companies, Inc.'s ownership percentage. Further, Rocket Companies, Inc. has no contractual requirement to provide financial support to Holdings. Rocket Companies, Inc.’s financial position, performance and cash flows effectively represent those of Holdings and its subsidiaries as of and for the period ended June 30, 2023.
Accounting Standards Issued but Not Yet Adopted	Accounting Standards Issued but Not Yet Adopted In March 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update (“ASU”) 2023-01, Leases (Topic 842): Common Control Arrangements.
Fair Value Measurements	Fair value is the price that would be received if an asset were sold or the price that would be paid to transfer a liability in an orderly transaction between willing market participants at the measurement date. Required disclosures include classification of fair value measurements within a three-level hierarchy (Level 1, Level 2, and Level 3). Classification of a fair value measurement within the hierarchy is dependent on the classification and significance of the inputs used to determine the fair value measurement. Observable inputs are those that are observed, implied from, or corroborated with externally available market information. Unobservable inputs represent the Company’s estimates of market participants’ assumptions. Fair value measurements are classified in the following manner: Level 1 —Valuation is based on quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2 —Valuation is based on either observable prices for identical assets or liabilities in inactive markets, observable prices for similar assets or liabilities, or other inputs that are derived directly from, or through correlation to, observable market data at the measurement date. Level 3 —Valuation is based on the Company’s internal models using assumptions at the measurement date that a market participant would use. In determining fair value measurement, the Company uses observable inputs whenever possible. The level of a fair value measurement within the hierarchy is dependent on the lowest level of input that has a significant impact on the measurement as a whole. If quoted market prices are available at the measurement date or are available for similar instruments, such prices are used in the measurements. If observable market data is not available at the measurement date, judgment is required to measure fair value. The following is a description of measurement techniques for items recorded at fair value on a recurring basis. There were no material items recorded at fair value on a nonrecurring basis as of June 30, 2023 or December 31, 2022. Mortgage loans held for sale: Loans held for sale that trade in active secondary markets are valued using Level 2 measurements derived from observable market data, including market prices of securities backed by similar mortgage loans adjusted for certain factors to approximate the fair value of a whole mortgage loan, including the value attributable to mortgage servicing and credit risk. Loans held for sale for which there is little to no observable trading activity of similar instruments are valued using Level 3 measurements based upon dealer price quotes and internal models. IRLCs: The fair value of IRLCs is based on current market prices of securities backed by similar mortgage loans (as determined above under mortgage loans held for sale), net of costs to close the loans, subject to the estimated loan funding probability, or “pull-through factor”. Given the significant and unobservable nature of the pull-through factor, IRLCs are classified as Level 3. MSRs: The fair value of MSRs is determined using an internal valuation model that calculates the present value of estimated net future cash flows. The model includes estimates of prepayment speeds, discount rate, cost to service, float earnings, contractual servicing fee income, and ancillary income among others. MSRs are classified as Level 3. Forward commitments: The Company’s forward commitments are valued based on quoted prices for similar assets in an active market with inputs that are observable and are classified within Level 2 of the valuation hierarchy. Investment Securities: Investment securities are trading debt securities that are recorded at fair value using observable market prices for similar securities or identical securities that are traded in less active markets, which are classified as Level 2 and include highly rated municipal, government, and corporate bonds.
Mortgage Servicing Rights	Mortgage servicing rights are recognized as assets on the Condensed Consolidated Balance Sheets when loans are sold, and the associated servicing rights are retained. The Company maintains one class of MSRs asset and has elected the fair value option. These MSRs are recorded at fair value, which is determined using an internal valuation model that calculates the present value of estimated future net servicing fee income. The model includes estimates of prepayment speeds, discount rate, cost to service, float earnings, contractual servicing fee income, and ancillary income and late fees, among others.The key assumptions used to estimate the fair value of MSRs are prepayment speeds and the discount rate. Increases in prepayment speeds generally have an adverse effect on the value of MSRs as the underlying loans prepay faster. In a declining interest rate environment, the fair value of MSRs generally decreases as prepayments increase and therefore, the estimated life of the MSRs and related cash flows decrease. Decreases in prepayment speeds generally have a positive effect on the value of MSRs as the underlying loans prepay less frequently. In a rising interest rate environment, the fair value of MSRs generally increases as prepayments decrease and therefore, the estimated life of the MSRs and related cash flows increase. Increases in the discount rate result in a lower MSRs value and decreases in the discount rate result in a higher MSRs value. MSRs uncertainties are hypothetical and do not always have a direct correlation with each assumption. Changes in one assumption may result in changes to another assumption, which might magnify or counteract the uncertainties.
Income Taxes	Several subsidiaries of Holdings, such as Rocket Mortgage, Amrock and other subsidiaries, are single member LLC entities. As single member LLCs of Holdings, all taxable income or loss generated by these subsidiaries passes through and is included in the income or loss of Holdings. A provision for state and local income taxes is required for certain jurisdictions that tax single member LLCs as regarded entities. Other subsidiaries of Holdings, such as Amrock Title Insurance Co., LMB Mortgage Services and others, are treated as C Corporations and separately file and pay taxes apart from Holdings in various jurisdictions including U.S. federal, state, local and Canada. Tax Receivable Agreement The Company expects to obtain an increase in its share of the tax basis in the net assets of Holdings when Holdings Units are redeemed from or exchanged by the LLC Members. The Company intends to treat any redemptions and exchanges of Holdings Units as direct purchases of Holdings Units for U.S. federal income tax purposes. These increases in tax basis may reduce the amounts that the Company would otherwise pay in the future to various tax authorities. They may also decrease gains (or increase losses) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets.
Derivative Financial Instruments	The Company enters into interest rate lock commitments ("IRLCs"), forward commitments to sell mortgage loans and forward commitments to purchase loans, which are considered derivative financial instruments. These items are accounted for as free-standing derivatives and are included in the Condensed Consolidated Balance Sheets at fair value. The Company treats all of its derivative instruments as economic hedges; therefore, none of its derivative instruments qualify for designation as accounting hedges. Changes in the fair value of the IRLCs and forward commitments to sell mortgage loans are recorded in current period earnings and are included in Gain on sale of loans, net in the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss). Forward commitments to purchase mortgage loans are recognized in current period earnings and are included in Gain on sale of loans, net in the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss). Additional detail regarding derivative financial instruments is provided in Note 13, Derivative Financial Instruments in our 2022 10-K report.
Earnings Per Share	The Company applies the two-class method for calculating and presenting earnings per share by separately presenting earnings per share for Class A common stock and Class B common stock. In applying the two-class method, the Company allocates undistributed earnings equally on a per share basis between Class A and Class B common stock. According to the Company’s certificate of incorporation, the holders of the Class A and Class B common stock are entitled to participate in earnings equally on a per-share basis, as if all shares of common stock were of a single class, and in dividends as may be declared by the board of directors. Holders of the Class A and Class B common stock also have equal priority in liquidation. Shares of Class C and Class D common stock do not participate in earnings of Rocket Companies, Inc. As a result, the shares of Class C and Class D common stock are not considered participating securities and are not included in the weighted-average shares outstanding for purposes of earnings per share. Restricted stock units awarded as part of the Company’s compensation program are included in the weighted-average Class A shares outstanding in the calculation of basic earnings per share once the units are fully vested.Basic earnings per share of Class A common stock is computed by dividing Net income (loss) attributable to Rocket Companies by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted earnings per share of Class A common stock is computed by dividing Net income (loss) attributable to Rocket Companies by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities. There was no Class B common stock outstanding as of June 30, 2023 or 2022.

Business, Basis of Presentati_3

Business, Basis of Presentation and Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Cash and Cash Equivalents	The Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents. We maintain our bank accounts with a relatively small number of high-quality financial institutions. Restricted cash as of June 30, 2023 and 2022 consisted of cash on deposit for a repurchase facility and client application deposits, title premiums collected from the insured that are due to the underwritten, and principal and interest received in collection accounts for purchased assets. In 2022, the Company also had a $25,000 bond. June 30, 2023 2022 Cash and cash equivalents $ 882,783 $ 915,363 Restricted cash 35,004 68,721 Total cash, cash equivalents, and restricted cash in the statement of cash flows $ 917,787 $ 984,084
Schedule of Restrictions on Cash and Cash Equivalents	The Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents. We maintain our bank accounts with a relatively small number of high-quality financial institutions. Restricted cash as of June 30, 2023 and 2022 consisted of cash on deposit for a repurchase facility and client application deposits, title premiums collected from the insured that are due to the underwritten, and principal and interest received in collection accounts for purchased assets. In 2022, the Company also had a $25,000 bond. June 30, 2023 2022 Cash and cash equivalents $ 882,783 $ 915,363 Restricted cash 35,004 68,721 Total cash, cash equivalents, and restricted cash in the statement of cash flows $ 917,787 $ 984,084

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Financial Statement Items Measured at Estimated Fair Value on a Recurring Basis	The table below shows a summary of financial statement items that are measured at estimated fair value on a recurring basis, including assets measured under the fair value option. There were no material transfers of assets or liabilities recorded at fair value on a recurring basis between Levels 1, 2 or 3 during the six months ended June 30, 2023 or the year ended December 31, 2022. Level 1 Level 2 Level 3 Total Balance at June 30, 2023 Assets: Mortgage loans held for sale (1) $ — $ 7,812,065 $ 632,378 $ 8,444,443 IRLCs — — 127,690 127,690 MSRs — — 6,443,632 6,443,632 Forward commitments — 106,996 — 106,996 Investment securities (2) — 37,703 — 37,703 Non-mortgage loans held for sale (2) — — 78,490 78,490 Total assets $ — $ 7,956,764 $ 7,282,190 $ 15,238,954 Liabilities: Forward commitments $ — $ 12,766 $ — $ 12,766 Total liabilities $ — $ 12,766 $ — $ 12,766 Balance at December 31, 2022 Assets: Mortgage loans held for sale (1) $ — $ 6,260,745 $ 1,082,730 $ 7,343,475 IRLCs — — 90,635 90,635 MSRs — — 6,946,940 6,946,940 Forward commitments — 22,444 — 22,444 Total assets $ — $ 6,283,189 $ 8,120,305 $ 14,403,494 Liabilities: Forward commitments $ — $ 25,117 $ — $ 25,117 Total liabilities $ — $ 25,117 $ — $ 25,117 (1) As of June 30, 2023 and December 31, 2022, $242.2 million and $314.4 million of unpaid principal balance of the level 3 mortgage loans held for sale were 90 days or more delinquent and were in non-accrual status. (2) These assets are included in Other assets on the Condensed Consolidated Balance Sheets.
Schedule of Quantitative Information About Fair Value Measurements of Level 3 Financial Instruments	The following tables present the quantitative information about recurring Level 3 fair value financial instruments and the fair value measurements as of: June 30, 2023 December 31, 2022 Unobservable Input Range Weighted Average Range Weighted Average Mortgage loans held for sale Model pricing 66% - 100% 89 % 67% - 100% 86 % IRLCs Loan funding probability 0% - 100% 72 % 0% - 100% 68 % MSRs Discount rate 9.5% - 12.5% 9.9 % 9.5% - 12.5% 9.9 % Conditional prepayment rate 6.0% - 29.2% 7.1 % 6.1% - 26.6% 6.9 % Non-mortgage loans held for sale Discount rate 8.5% - 8.5% 8.5 % N/A N/A
Schedule of Reconciliation of Level 3 Assets	The table below presents a reconciliation of Level 3 assets measured at fair value on a recurring basis for the three and six months ended June 30, 2023 and 2022. Mortgage servicing rights are also classified as a Level 3 asset measured at fair value on a recurring basis and its reconciliation is found in Note 3, Mortgage Servicing Rights. Mortgage Loans Held for Sale IRLCs Non-Mortgage Loans Held for Sale Balance at March 31, 2023 $ 763,761 $ 182,112 $ 32,490 Transfers in (1) 197,709 — 46,405 Transfers out/principal reductions (1) (363,072) — — Net transfers and revaluation gains — (54,422) — Total gains (losses) included in net income 33,980 — (405) Balance at June 30, 2023 $ 632,378 $ 127,690 $ 78,490 Balance at March 31, 2022 $ 2,178,762 $ 213,210 $ — Transfers in (1) 299,782 — — Transfers out/principal reductions (1) (863,740) — — Net transfers and revaluation losses — 96,287 — Total losses included in net income (57,020) — — Balance at June 30, 2022 $ 1,557,784 $ 309,497 $ — Balance at December 31, 2022 $ 1,082,730 $ 90,635 $ — Transfers in (1) 408,767 — 79,243 Transfers out/principal reductions (1) (963,525) — — Net transfers and revaluation losses — 37,055 — Total gains (losses) included in net income 104,406 — (753) Balance at June 30, 2023 $ 632,378 $ 127,690 $ 78,490 Balance at December 31, 2021 $ 2,309,366 $ 538,861 $ — Transfers in (1) 822,423 — — Transfers out/principal reductions (1) (1,482,061) — — Net transfers and revaluation losses — (229,364) — Total losses included in net income (91,944) — — Balance at June 30, 2022 $ 1,557,784 $ 309,497 $ —
Schedule of Fair Value Option for Mortgage Loans Held For Sale	The following is the estimated fair value and unpaid principal balance (“UPB”) of mortgage and non-mortgage loans held for sale that have contractual principal amounts and for which the Company has elected the fair value option. The fair value option was elected for mortgage and non-mortgage loans held for sale as the Company believes fair value best reflects their expected future economic performance: Fair Value Principal Amount Due Upon Maturity Difference (1) Balance at June 30, 2023 Mortgage loans held for sale $ 8,444,443 $ 8,451,052 $ (6,609) Non-mortgage loans held for sale $ 78,490 $ 79,243 $ (753) Balance at December 31, 2022 Mortgage loans held for sale $ 7,343,475 $ 7,424,223 $ (80,748) (1) Represents the amount of gains (losses) included in Gain on sale of loans, net for Mortgage loans held for sale and Other income for Non-mortgage loans held for sale, due to changes in fair value of items accounted for using the fair value option.
Schedule of Liabilities not Recorded at Fair Value on a Recurring or Nonrecurring Basis	The following table presents the carrying amounts and estimated fair value of financial liabilities that are not recorded at fair value on a recurring or nonrecurring basis. This table excludes cash and cash equivalents, restricted cash, warehouse borrowings, and line of credit borrowing facilities as these financial instruments are highly liquid or short-term in nature and as a result, their carrying amounts approximate fair value: June 30, 2023 December 31, 2022 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Senior Notes, due 10/15/2026 $ 1,142,574 $ 1,015,531 $ 1,141,432 $ 984,963 Senior Notes, due 1/15/2028 61,397 58,434 61,330 57,039 Senior Notes, due 3/1/2029 744,317 630,030 743,815 595,493 Senior Notes, due 3/1/2031 1,239,634 1,011,438 1,238,958 961,450 Senior Notes, due 10/15/2033 842,787 665,567 842,435 625,175 Total Senior Notes, net $ 4,030,709 $ 3,381,000 $ 4,027,970 $ 3,224,120

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	6 Months Ended
	Jun. 30, 2023
Transfers and Servicing [Abstract]
Schedule of Changes to MSR Assets	The following table summarizes changes to the MSR assets: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Fair value, beginning of period $ 6,669,939 $ 6,410,288 $ 6,946,940 $ 5,385,613 MSRs originated 314,840 459,473 519,400 1,256,088 MSRs sales (594,463) (220,025) (676,001) (474,022) Changes in fair value: Due to changes in valuation model inputs or assumptions (1) 245,495 284,556 27,693 1,051,827 Due to collection/realization of cash flows (192,179) (276,534) (374,400) (561,748) Total changes in fair value 53,316 8,022 (346,707) 490,079 Fair value, end of period $ 6,443,632 $ 6,657,758 $ 6,443,632 $ 6,657,758 (1) Reflects changes in assumptions including discount rates and prepayment speed assumptions, mostly due to changes in market interest rates. In addition, it reflects the gains or losses on sales of MSRs during the period. Does not include the change in fair value of derivatives that economically hedge MSRs identified for sale or the effects of contractual prepayment protection resulting from sales of MSRs.
Schedule of Assumptions Used to Determine Fair Value of MSRs	The following is a summary of the weighted average discount rate and prepayment speed assumptions used to determine the fair value of MSRs as well as the expected life of the loans in the servicing portfolio: June 30, 2023 December 31, 2022 Discount rate 9.9 % 9.9 % Prepayment speeds 7.1 % 6.9 % Life (in years) 7.99 8.08
Schedule of Discount Rate and Prepayment Speeds at Two Different Data Points	The following table stresses the discount rate and prepayment speeds at two different data points: Discount Rate Prepayment Speeds 100 BPS Adverse Change 200 BPS Adverse Change 10% Adverse Change 20% Adverse Change June 30, 2023 Mortgage servicing rights $ (270,989) $ (521,302) $ (163,465) $ (319,197) December 31, 2022 Mortgage servicing rights $ (295,754) $ (565,704) $ (171,297) $ (334,664)

Mortgage Loans Held for Sale (T

Mortgage Loans Held for Sale (Tables)	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Schedule of Reconciliation of Changes in Mortgage Loans Held for Sale	A reconciliation of the changes in mortgage loans held for sale to the amounts presented on the Condensed Consolidated Statements of Cash Flows is below: Six Months Ended June 30, 2023 2022 Balance at the beginning of period $ 7,343,475 $ 19,323,568 Disbursements of mortgage loans held for sale 38,990,084 89,469,172 Proceeds from sales of mortgage loans held for sale (1) (38,370,799) (97,597,641) Gain on sale of mortgage loans excluding fair value of other financial instruments, net (2) 481,683 1,207,770 Balance at the end of period $ 8,444,443 $ 12,402,869 (1) The proceeds from sales of loans held for sale on the Condensed Consolidated Statements of Cash Flows includes amounts related to the sale of personal loans. (2) The Gain on sale of loans excluding fair value of MSRs, net on the Condensed Consolidated Statements of Cash Flows includes amounts related to the sale of personal loans, interest rate lock commitments, forward commitments, and provisions for investor reserves.

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Funding Facilities	Facility Type Collateral Maturity Line Amount Committed Line Amount Outstanding Balance as of June 30, 2023 Outstanding Balance as of December 31, 2022 Mortgage Loan funding: 1) Master Repurchase Agreement (7) Mortgage loans held for sale (6) 10/20/2023 $ 250,000 $ 50,000 $ — $ 49,381 2) Master Repurchase Agreement (7) Mortgage loans held for sale (6) 11/30/2023 1,000,000 100,000 272,527 138,057 3) Master Repurchase Agreement (7) Mortgage loans held for sale (6) 8/9/2024 2,000,000 250,000 394,039 702,128 4) Master Repurchase Agreement (1)(7) Mortgage loans held for sale (6) 4/26/2024 1,500,000 550,000 1,471,689 917,621 5) Master Repurchase Agreement (7) Mortgage loans held for sale (6) 5/4/2024 1,000,000 250,000 619,143 493,029 6) Master Repurchase Agreement (2)(7) Mortgage loans held for sale (6) 9/9/2024 1,500,000 250,000 109,484 101,152 7) Master Repurchase Agreement (3)(7) Mortgage loans held for sale (6) 9/22/2023 1,250,000 250,000 179,379 186,707 8) Master Repurchase Agreement (7) Mortgage loans held for sale (6) 9/27/2024 750,000 100,000 630,481 171,642 $ 9,250,000 $ 1,800,000 $ 3,676,742 $ 2,759,717 Mortgage Loan Early Funding: 9) Early Funding Facility (4)(7) Mortgage loans held for sale (6) (4) $ 5,000,000 $ — $ 700,723 $ 561,874 10) Early Funding Facility (5)(7) Mortgage loans held for sale (6) (5) 2,000,000 — 461,771 227,108 7,000,000 — 1,162,494 788,982 Total Mortgage Funding Facilities $ 16,250,000 $ 1,800,000 $ 4,839,236 $ 3,548,699 (1) This facility has a 12-month initial term, which can be extended for 3-months at each subsequent 3-month anniversary from the initial start date. Subsequent to June 30, 2023, this facility was extended to July 26, 2024. (2) This facility has an overall line size of $1,500,000. This facility also includes a $1,500,000 sublimit for MSR financing; Capacity is fully fungible and is not restricted by these allocations. (3) Subsequent to June 30, 2023, this facility was amended to decrease the total facility size to $1,000,000 with $100,000 committed and was extended to July 21, 2025. (4) This facility is an evergreen agreement with no stated termination or expiration date. This agreement can be terminated by either party upon written notice. (5) This facility has an overall line size of $2,000,000, which is reviewed every 90 days. This facility is an evergreen agreement with no stated termination or expiration date. This agreement can be terminated by either party upon written notice. (6) The Company has multiple borrowing facilities in the form of asset sales under agreements to repurchase. These borrowing facilities are secured by mortgage loans held for sale at fair value as the first priority security interest. (7) The interest rates charged by lenders on funding facilities included the applicable base rate plus a spread ranging from 1.00% to 1.80% for the six months ended June 30, 2023, and the applicable base rate plus a spread ranging from 1.00% to 1.85% for the year ended December 31, 2022.
Schedule of Other Financing Facilities	Other Funding Facilities Facility Type Collateral Maturity Line Amount Committed Line Amount Outstanding Balance as of June 30, 2023 Outstanding Balance as of December 31, 2022 Personal Loan funding: 1) Revolving Credit and Security Agreement ( 1 ) Personal loans held for sale 1/30/2025 $ 75,000 $ 75,000 $ 50,000 $ — Total Other Funding Facilities 75,000 75,000 50,000 — Total Funding Facilities $ 16,325,000 $ 1,875,000 $ 4,889,236 $ 3,548,699 (1) The interest rates charged by lenders on funding facilities included the applicable base rate plus a spread ranging from 1.00% to 1.80% for the six months ended June 30, 2023, and the applicable base rate plus a spread ranging from 1.00% to 1.85% for the year ended December 31, 2022. Financing Facilities Facility Type Collateral Maturity Line Amount Committed Line Amount Outstanding Balance as of June 30, 2023 Outstanding Balance as of December 31, 2022 Line of Credit Financing Facilities 1) Unsecured line of credit (1) — 7/27/2025 $ 2,000,000 $ — $ — $ — 2) Unsecured line of credit (1) — 7/31/2025 100,000 — — — 3) Revolving credit facility (2)(4) — 8/10/2025 1,000,000 1,000,000 — — 4) MSR line of credit (4) MSRs 10/20/2023 200,000 — — — 5) MSR line of credit (3)(4) MSRs 9/9/2024 1,500,000 250,000 — — $ 4,800,000 $ 1,250,000 $ — $ — Early Buyout Financing Facility 6) Early buy out facility (4) Loans/ Advances 3/13/2024 $ 1,500,000 $ — $ 361,207 $ 672,882 (1) Refer to Note 6, Transactions with Related Parties for additional details regarding this unsecured line of credit. (2) Subsequent to June 30, 2023, this facility was increased to a total facility size of $1,150,000. (3) This facility is a sublimit of Master Repurchase Agreement 6 , found above in Mortgage Funding Facilities. Refer to Subfootnote 2, Mortgage Funding Facilities for additional details regarding this financing facility.
Schedule of Unsecured Senior Notes	Unsecured Senior Notes Facility Type Maturity Interest Rate Outstanding Principal June 30, 2023 Outstanding Principal December 31, 2022 Unsecured Senior Notes (1) 10/15/2026 2.875 % $ 1,150,000 $ 1,150,000 Unsecured Senior Notes (2) 1/15/2028 5.250 % 61,985 61,985 Unsecured Senior Notes (3) 3/1/2029 3.625 % 750,000 750,000 Unsecured Senior Notes (4) 3/1/2031 3.875 % 1,250,000 1,250,000 Unsecured Senior Notes (5) 10/15/2033 4.000 % 850,000 850,000 Total Senior Notes $ 4,061,985 $ 4,061,985 Weighted Average Interest Rate 3.59 % 3.59 % (1) The 2026 Senior Notes are unsecured obligation notes with no asset required to pledge for this borrowing. Unamortized debt issuance costs are presented net against the Senior Notes reducing the $1,150,000 carrying amount on the Condensed Consolidated Balance Sheets by $7,426 and $8,569 as of June 30, 2023 and December 31, 2022, respectively. (2) The 2028 Senior Notes are unsecured obligation notes with no asset required to pledge for this borrowing. Unamortized debt issuance costs and discounts are presented net against the Senior Notes reducing the $61,985 carrying amount on the Condensed Consolidated Balance Sheets by $321 and $267 as of June 30, 2023, respectively, and $358 and $298, as of December 31, 2022, respectively. (3) The 2029 Senior Notes are unsecured obligation notes with no asset required to pledge for this borrowing. Unamortized debt issuance costs are presented net against the Senior Notes reducing the $750,000 carrying amount on the Condensed Consolidated Balance Sheets by $5,683 and $6,185 as of June 30, 2023 and December 31, 2022, respectively. (4) The 2031 Senior Notes are unsecured obligation notes with no asset required to pledge for this borrowing. Unamortized debt issuance costs are presented net against the Senior Notes reducing the $1,250,000 carrying amount on the Condensed Consolidated Balance Sheets by $10,366 and $11,040 as of June 30, 2023 and December 31, 2022, respectively. (5) The 2033 Senior Notes are unsecured obligation notes with no asset required to pledge for this borrowing. Unamortized debt issuance costs are presented net against the Senior Notes reducing the $850,000 carrying amount on the Condensed Consolidated Balance Sheets by $7,213 and $7,565 as of June 30, 2023 and December 31, 2022, respectively.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Net Hedging Gains and Losses	Net hedging gains and losses were as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Hedging gains (1) $ 180,909 $ 1,446,478 $ 101,776 $ 2,979,623 (1) Includes the change in fair value related to derivatives economically hedging MSRs identified for sale.
Schedule of Notional and Fair Values of Derivative Financial Instruments	The notional and fair values of derivative financial instruments not designated as hedging instruments were as follows: Notional Value Derivative Asset Derivative Liability Balance at June 30, 2023: IRLCs, net of loan funding probability (1) $ 7,121,873 $ 127,690 $ — Forward commitments (2) $ 13,805,926 $ 106,996 $ 12,766 Balance at December 31, 2022: IRLCs, net of loan funding probability (1) $ 4,373,465 $ 90,635 $ — Forward commitments (2) $ 10,963,989 $ 22,444 $ 25,117 (1) IRLCs are also discussed in Note 9, Commitments, Contingencies, and Guarantees. (2) Includes the fair value and net notional value related to derivatives economically hedging MSRs identified for sale.
Schedule of Gross Amounts of Recognized Assets Subject to Master Netting Agreements	The table below presents the gross amounts of recognized assets and liabilities subject to master netting agreements. Margin cash is cash that is exchanged by counterparties to be held as collateral related to these derivative financial instruments. Margin cash held on behalf of counterparties is recorded in Cash and cash equivalents, and the related liability is classified in Other liabilities in the Condensed Consolidated Balance Sheets. Margin cash pledged to counterparties is excluded from cash and cash equivalents and instead recorded in Other assets as a margin call receivables from counterparties in the Condensed Consolidated Balance Sheets. The Company had zero and $24,102 of margin cash pledged to counterparties related to these forward commitments at June 30, 2023 and December 31, 2022, respectively. As of June 30, 2023 and December 31, 2022, there was $44,151 and $959 of margin cash held on behalf of counterparties, respectively. Gross Amount of Recognized Assets or Liabilities Gross Amounts Offset in the Condensed Consolidated Balance Sheets Net Amounts Presented in the Condensed Consolidated Balance Sheets Offsetting of Derivative Assets Balance at June 30, 2023: Forward commitments $ 135,309 $ (28,313) $ 106,996 Balance at December 31, 2022: Forward commitments $ 71,484 $ (49,040) $ 22,444 Offsetting of Derivative Liabilities Balance at June 30, 2023: Forward commitments $ (16,193) $ 3,427 $ (12,766) Balance at December 31, 2022: Forward commitments $ (69,007) $ 43,890 $ (25,117)
Schedule of Gross Amounts of Recognized Liabilities Subject to Master Netting Agreements	The table below presents the gross amounts of recognized assets and liabilities subject to master netting agreements. Margin cash is cash that is exchanged by counterparties to be held as collateral related to these derivative financial instruments. Margin cash held on behalf of counterparties is recorded in Cash and cash equivalents, and the related liability is classified in Other liabilities in the Condensed Consolidated Balance Sheets. Margin cash pledged to counterparties is excluded from cash and cash equivalents and instead recorded in Other assets as a margin call receivables from counterparties in the Condensed Consolidated Balance Sheets. The Company had zero and $24,102 of margin cash pledged to counterparties related to these forward commitments at June 30, 2023 and December 31, 2022, respectively. As of June 30, 2023 and December 31, 2022, there was $44,151 and $959 of margin cash held on behalf of counterparties, respectively. Gross Amount of Recognized Assets or Liabilities Gross Amounts Offset in the Condensed Consolidated Balance Sheets Net Amounts Presented in the Condensed Consolidated Balance Sheets Offsetting of Derivative Assets Balance at June 30, 2023: Forward commitments $ 135,309 $ (28,313) $ 106,996 Balance at December 31, 2022: Forward commitments $ 71,484 $ (49,040) $ 22,444 Offsetting of Derivative Liabilities Balance at June 30, 2023: Forward commitments $ (16,193) $ 3,427 $ (12,766) Balance at December 31, 2022: Forward commitments $ (69,007) $ 43,890 $ (25,117)

Commitments, Contingencies, a_2

Commitments, Contingencies, and Guarantees (Tables)	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of IRLC Unpaid Principal Balance	The UPB of IRLCs was as follows: June 30, 2023 December 31, 2022 Fixed Rate Variable Rate Fixed Rate Variable Rate IRLCs $ 9,563,181 $ 276,489 $ 6,108,132 $ 326,638

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Key Operating Data for Business Segments	Key operating data for our business segments for the periods ended: Three Months Ended June 30, 2023 Direct to Partner Segments All Other Total Revenues Gain on sale $ 476,052 $ 108,580 $ 584,632 $ 9,837 $ 594,469 Interest income 45,484 36,043 81,527 (770) 80,757 Interest expense on funding facilities (24,509) (19,466) (43,975) (97) (44,072) Servicing fee income 342,328 — 342,328 1,263 343,591 Changes in fair value of MSRs 42,377 — 42,377 — 42,377 Other income 134,661 4,196 138,857 80,248 219,105 Total U.S. GAAP Revenue, net 1,016,393 129,353 1,145,746 90,481 1,236,227 Change in fair value of MSRs due to valuation assumptions, net of hedges (234,556) — (234,556) — (234,556) Adjusted revenue 781,837 129,353 911,190 90,481 1,001,671 Less: Directly attributable expenses 529,222 66,425 595,647 69,591 665,238 Contribution margin $ 252,615 $ 62,928 $ 315,543 $ 20,890 $ 336,433 Six Months Ended June 30, 2023 Direct to Consumer Partner Network Segments Total All Other Total Revenues Gain on sale $ 866,394 $ 180,574 $ 1,046,968 $ 17,064 $ 1,064,032 Interest income 83,606 63,715 147,321 180 147,501 Interest expense on funding facilities (41,316) (31,664) (72,980) (152) (73,132) Servicing fee income 707,545 — 707,545 2,431 709,976 Changes in fair value of MSRs (355,902) — (355,902) — (355,902) Other income 251,181 7,814 258,995 150,825 409,820 Total U.S. GAAP Revenue, net 1,511,508 220,439 1,731,947 170,348 1,902,295 Change in fair value of MSRs due to valuation assumptions, net of hedges (18,498) — (18,498) — (18,498) Adjusted revenue 1,493,010 220,439 1,713,449 170,348 1,883,797 Less: Directly attributable expenses 1,034,805 131,784 1,166,589 146,433 1,313,022 Contribution margin $ 458,205 $ 88,655 $ 546,860 $ 23,915 $ 570,775 Three Months Ended June 30, 2022 Direct to Consumer Partner Network Segments Total All Other Total Revenues Gain on sale $ 645,453 $ 157,459 $ 802,912 $ 3,926 $ 806,838 Interest income 50,944 27,547 78,491 705 79,196 Interest expense on funding facilities (27,704) (14,999) (42,703) (3) (42,706) Servicing fee income 356,779 — 356,779 799 357,578 Changes in fair value of MSRs (12,522) — (12,522) — (12,522) Other income 92,910 7,202 100,112 103,923 204,035 Total U.S. GAAP Revenue, net 1,105,860 177,209 1,283,069 109,350 1,392,419 Change in fair value of MSRs due to valuation assumptions, net of hedges (266,969) — (266,969) — (266,969) Adjusted revenue 838,891 177,209 1,016,100 109,350 1,125,450 Less: Directly attributable expenses 609,431 95,701 705,132 104,366 809,498 Contribution margin $ 229,460 $ 81,508 $ 310,968 $ 4,984 $ 315,952 Six Months Ended June 30, 2022 Direct to Consumer Partner Network Segments Total All Other Total Revenues Gain on sale $ 1,862,556 $ 415,515 $ 2,278,071 $ 12,552 $ 2,290,623 Interest income 108,546 59,715 168,261 1,476 169,737 Interest expense on funding facilities (54,432) (29,968) (84,400) (3) (84,403) Servicing fee income 722,279 — 722,279 1,514 723,793 Changes in fair value of MSRs 441,858 — 441,858 — 441,858 Other income 259,938 23,679 283,617 237,790 521,407 Total U.S. GAAP Revenue, net 3,340,745 468,941 3,809,686 253,329 4,063,015 Change in fair value of MSRs due to valuation assumptions, net of hedges (1,006,186) — (1,006,186) — (1,006,186) Adjusted revenue 2,334,559 468,941 2,803,500 253,329 3,056,829 Less: Directly attributable expenses 1,478,641 215,735 1,694,376 223,237 1,917,613 Contribution margin $ 855,918 $ 253,206 $ 1,109,124 $ 30,092 $ 1,139,216
Schedule of Reconciliation of Segment Contribution Margin to Combined U.S. GAAP Income Before Taxes	The following table represents a reconciliation of segment contribution margin to consolidated U.S. GAAP income before taxes for the three and six months ended: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Contribution margin, excluding change in MSRs due to valuation assumptions $ 336,433 $ 315,952 $ 570,775 $ 1,139,216 Change in fair value of MSRs due to valuation assumptions, net of hedges 234,556 266,969 18,498 1,006,186 Contribution margin, including change in MSRs due to valuation assumptions 570,989 582,921 589,273 2,145,402 Less expenses not allocated to segments : Salaries, commissions and team member benefits 222,645 290,639 443,527 534,683 General and administrative expenses 145,595 162,453 288,708 354,910 Depreciation and amortization 25,357 24,780 56,042 45,822 Interest and amortization expense on non-funding debt 38,333 38,282 76,667 76,946 Other expenses 689 (11,750) 1,946 (7,933) Income (loss) before income taxes $ 138,370 $ 78,517 $ (277,617) $ 1,140,974

Non-controlling Interest (Table

Non-controlling Interest (Tables)	6 Months Ended
	Jun. 30, 2023
Noncontrolling Interest [Abstract]
Schedule of Non-controlling Interest Ownership	The following table summarizes the ownership of Holdings Units in Holdings as of June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 Holdings Units Ownership Percentage Holdings Units Ownership Percentage Rocket Companies, Inc.'s ownership of Holdings Units 127,129,449 6.43 % 123,491,606 6.26 % Holdings Units held by our Chairman 1,101,822 0.06 % 1,101,822 0.06 % Holdings Units held by RHI 1,847,777,661 93.51 % 1,847,777,661 93.68 % Balance at end of period 1,976,008,932 100.00 % 1,972,371,089 100.00 %

Share-based Compensation (Table

Share-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation Expense	The components of share-based compensation expense included in Salaries, commissions and team member benefits on the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)is as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Rocket Companies, Inc. sponsored plans Restricted stock units $ 41,570 $ 44,101 $ 84,167 $ 86,593 Stock options 7,819 9,270 16,048 18,846 Team Member Stock Purchase Plan 1,140 1,634 2,269 3,732 Subtotal Rocket Companies, Inc. sponsored plans $ 50,529 $ 55,005 $ 102,484 $ 109,171 RHI restricted stock units — 1,257 — 14,033 Subsidiary plans 167 179 172 348 Total share-based compensation expense $ 50,696 $ 56,441 $ 102,656 $ 123,552

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted Earnings Per Share	The following table sets forth the calculation of the basic and diluted earnings per share for the period: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Net income (loss) $ 139,152 $ 59,756 $ (272,331) $ 1,096,364 Net (income) loss attributable to non-controlling interest (131,714) (56,341) 261,246 (1,039,237) Net income (loss) attributable to Rocket Companies 7,438 3,415 (11,085) 57,127 Add: Reallocation of net income attributable to vested, undelivered stock awards — 2 — 34 Net income (loss) attributable to common shareholders $ 7,438 $ 3,417 $ (11,085) $ 57,161 Numerator: Net income (loss) attributable to Class A common shareholders - basic $ 7,438 $ 3,417 $ (11,085) $ 57,161 Add: Reallocation of net income (loss) attributable to dilutive impact of pro-forma conversion of Class D shares to Class A shares (1) 97,491 38,750 (198,229) 790,709 Add: Reallocation of net income (loss) attributable to dilutive impact of share-based compensation awards (2) 206 93 (269) 1,596 Net income (loss) attributable to Class A common shareholders - diluted $ 105,135 $ 42,260 $ (209,583) $ 849,466 Denominator: Weighted average shares of Class A common stock outstanding - basic 126,740,748 118,801,530 125,742,282 120,735,056 Add: Dilutive impact of conversion of Class D shares to Class A shares 1,848,879,483 1,848,879,483 1,848,879,483 1,848,879,483 Add: Dilutive impact of share-based compensation awards (3) 3,830,420 4,060,751 2,526,432 4,009,477 Weighted average shares of Class A common stock outstanding - diluted 1,979,450,651 1,971,741,764 1,977,148,197 1,973,624,016 Earnings (loss) per share of Class A common stock outstanding - basic $ 0.06 $ 0.03 $ (0.09) $ 0.47 Earnings (loss) per share of Class A common stock outstanding - diluted $ 0.05 $ 0.02 $ (0.11) $ 0.43 (1) Net income (loss) calculated using the estimated annual effective tax rate of Rocket Companies, Inc.

Business, Basis of Presentati_4

Business, Basis of Presentation and Accounting Policies - Narrative (Details) $ / shares in Units, $ in Thousands			6 Months Ended
	Nov. 01, 2022 USD ($)	Feb. 24, 2022 USD ($) $ / shares	Jun. 30, 2023 USD ($) segment $ / shares	Dec. 31, 2022 USD ($) $ / shares
Basis of Presentation [Line Items]
Number of segments | segment			2
Share repurchase program authorization	$ 1,000,000
Share repurchase program period in effect	2 years
Amount remain available under the share repurchase program			$ 590,700
U.S. Treasury
Basis of Presentation [Line Items]
Bond in restricted cash				$ 25
Holdings
Basis of Presentation [Line Items]
Management and voting interest as managing member in Holdings (in percent)			100%
Holdings
Basis of Presentation [Line Items]
Cash distribution		$ 2,000,000
Class A Common Stock
Basis of Presentation [Line Items]
Common stock, par value (in dollars per share) | $ / shares			$ 0.00001	$ 0.00001
Common stock dividend declared (in dollars per share) | $ / shares		$ 1.01

Business, Basis of Presentati_5

Business, Basis of Presentation and Accounting Policies - Revenue Recognition (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Subscription Revenue
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 42,994	$ 26,175	$ 82,179	$ 51,929
Closing Fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	20,810	37,929	38,298	114,907
Appraisal Revenue
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	12,953	15,295	24,819	37,317
Real Estate Network Referral Fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	13,776	14,871	20,747	26,269
Professional Services Fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	2,282	3,106	4,469	6,110
Core Digital Media Lead Generation Revenue
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	1,040	2,450	2,104	6,914
Contact Center
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 187	$ 3,842	$ 709	$ 13,157

Business, Basis of Presentati_6

Business, Basis of Presentation and Accounting Policies - Schedule of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 882,783	$ 722,293	$ 915,363
Restricted cash	35,004	66,806	68,721
Total cash, cash equivalents, and restricted cash in the statement of cash flows	$ 917,787	$ 789,099	$ 984,084	$ 2,211,597

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Statement Items Measured at Estimated Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Assets:
Mortgage loans held for sale	$ 8,444,443		$ 7,343,475
MSRs	6,443,632	$ 6,669,939	6,946,940	$ 6,657,758	$ 6,410,288	$ 5,385,613
Liabilities:
Derivative Liability	12,766		25,117
IRLCs
Assets:
Derivative Asset	127,690		90,635
Forward commitments
Assets:
Derivative Asset	106,996		22,444
Level 3 | Financial Asset, Equal to or Greater than 90 Days Past Due
Liabilities:
Financing receivable, nonaccrual	242,200		314,400
Recurring
Assets:
Mortgage loans held for sale	8,444,443		7,343,475
MSRs	6,443,632		6,946,940
Total assets	15,238,954		14,403,494
Liabilities:
Total liabilities	12,766		25,117
Recurring | IRLCs
Assets:
Derivative Asset	127,690		90,635
Recurring | Forward commitments
Assets:
Derivative Asset	106,996		22,444
Liabilities:
Derivative Liability	12,766		25,117
Recurring | Investment securities
Assets:
Derivative Asset	37,703
Recurring | Non-Mortgage Loans Held for Sale
Assets:
Derivative Asset	78,490
Recurring | Level 1
Assets:
Mortgage loans held for sale	0		0
MSRs	0		0
Total assets	0		0
Liabilities:
Total liabilities	0		0
Recurring | Level 1 | IRLCs
Assets:
Derivative Asset	0		0
Recurring | Level 1 | Forward commitments
Assets:
Derivative Asset	0		0
Liabilities:
Derivative Liability	0		0
Recurring | Level 1 | Investment securities
Assets:
Derivative Asset	0
Recurring | Level 1 | Non-Mortgage Loans Held for Sale
Assets:
Derivative Asset	0
Recurring | Level 2
Assets:
Mortgage loans held for sale	7,812,065		6,260,745
MSRs	0		0
Total assets	7,956,764		6,283,189
Liabilities:
Total liabilities	12,766		25,117
Recurring | Level 2 | IRLCs
Assets:
Derivative Asset	0		0
Recurring | Level 2 | Forward commitments
Assets:
Derivative Asset	106,996		22,444
Liabilities:
Derivative Liability	12,766		25,117
Recurring | Level 2 | Investment securities
Assets:
Derivative Asset	37,703
Recurring | Level 2 | Non-Mortgage Loans Held for Sale
Assets:
Derivative Asset	0
Recurring | Level 3
Assets:
Mortgage loans held for sale	632,378		1,082,730
MSRs	6,443,632		6,946,940
Total assets	7,282,190		8,120,305
Liabilities:
Total liabilities	0		0
Recurring | Level 3 | IRLCs
Assets:
Derivative Asset	127,690		90,635
Recurring | Level 3 | Forward commitments
Assets:
Derivative Asset	0		0
Liabilities:
Derivative Liability	0		$ 0
Recurring | Level 3 | Investment securities
Assets:
Derivative Asset	0
Recurring | Level 3 | Non-Mortgage Loans Held for Sale
Assets:
Derivative Asset	$ 78,490

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Quantitative Information About Fair Value Measurements of Level 3 Financial Instruments (Details) - Level 3	Jun. 30, 2023	Dec. 31, 2022
Model pricing | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mortgage loans held for sale	0.66	0.67
Model pricing | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mortgage loans held for sale	1	1
Model pricing | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mortgage loans held for sale	0.89	0.86
Loan funding probability | IRLCs | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
IRLCs	0	0
Loan funding probability | IRLCs | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
IRLCs	1	1
Loan funding probability | IRLCs | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
IRLCs	0.72	0.68
Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non-mortgage loans held for sale	0.085
Discount rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs	0.095	0.095
Discount rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs	0.125	0.125
Discount rate | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs	0.099	0.099
Non-mortgage loans held for sale	0.085
Conditional prepayment rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs	0.060	0.061
Conditional prepayment rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs	0.292	0.266
Conditional prepayment rate | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs	0.071	0.069

Fair Value Measurements - Sch_3

Fair Value Measurements - Schedule of Reconciliation of Level 3 Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Mortgage Loans Held for Sale
Reconciliation of Level 3 Assets:
Beginning balance	$ 763,761	$ 2,178,762	$ 1,082,730	$ 2,309,366
Transfers in	197,709	299,782	408,767	822,423
Transfers out/principal reductions	(363,072)	(863,740)	(963,525)	(1,482,061)
Net transfers and revaluation gains (losses)	0	0	0	0
Total gains (losses) included in net income	33,980	(57,020)	104,406	(91,944)
Ending balance	632,378	1,557,784	632,378	1,557,784
IRLCs
Reconciliation of Level 3 Assets:
Beginning balance	182,112	213,210	90,635	538,861
Transfers in	0	0	0	0
Transfers out/principal reductions	0	0	0	0
Net transfers and revaluation gains (losses)	(54,422)	96,287	37,055	(229,364)
Total gains (losses) included in net income	0	0	0	0
Ending balance	127,690	309,497	127,690	309,497
Non-Mortgage Loans Held for Sale
Reconciliation of Level 3 Assets:
Beginning balance	32,490	0	0	0
Transfers in	46,405	0	79,243	0
Transfers out/principal reductions	0	0	0	0
Net transfers and revaluation gains (losses)	0	0	0	0
Total gains (losses) included in net income	(405)	0	(753)	0
Ending balance	$ 78,490	$ 0	$ 78,490	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)
Fair Value Disclosures [Abstract]
Unrealized losses on debt securities	$ 1,589	$ 1,971
Carrying value of trading securities	$ 37,703	$ 37,703

Fair Value Measurements - Sch_4

Fair Value Measurements - Schedule of Fair Value Option for Mortgage Loans Held For Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mortgage loans held for sale, at fair value	$ 8,444,443	$ 7,343,475
Mortgage Loans Held for Sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mortgage loans held for sale, at fair value	8,444,443	7,343,475
Principal Amount Due Upon Maturity	8,451,052	7,424,223
Difference	(6,609)	$ (80,748)
Non-Mortgage Loans Held for Sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mortgage loans held for sale, at fair value	78,490
Principal Amount Due Upon Maturity	79,243
Difference	$ (753)

Fair Value Measurements - Sch_5

Fair Value Measurements - Schedule of Liabilities not Recorded at Fair Value on a Recurring or Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	$ 4,030,709	$ 4,027,970
Carrying Amount | 2026 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	1,142,574	1,141,432
Carrying Amount | 2028 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	61,397	61,330
Carrying Amount | 2029 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	744,317	743,815
Carrying Amount | 2031 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	1,239,634	1,238,958
Carrying Amount | 2033 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	842,787	842,435
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	3,381,000	3,224,120
Estimated Fair Value | 2026 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	1,015,531	984,963
Estimated Fair Value | 2028 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	58,434	57,039
Estimated Fair Value | 2029 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	630,030	595,493
Estimated Fair Value | 2031 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	1,011,438	961,450
Estimated Fair Value | 2033 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	$ 665,567	$ 625,175

Mortgage Servicing Rights - Sch

Mortgage Servicing Rights - Schedule of Changes to MSR Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Changes to MSR Assets
Fair value, beginning of period	$ 6,669,939	$ 6,410,288	$ 6,946,940	$ 5,385,613
MSRs originated	314,840	459,473	519,400	1,256,088
MSRs sales	(594,463)	(220,025)	(676,001)	(474,022)
Changes in fair value:
Due to changes in valuation model inputs or assumptions	245,495	284,556	27,693	1,051,827
Due to collection/realization of cash flows	(192,179)	(276,534)	(374,400)	(561,748)
Total changes in fair value	53,316	8,022	(346,707)	490,079
Fair value, end of period	$ 6,443,632	$ 6,657,758	$ 6,443,632	$ 6,657,758
Servicing asset, fair value, change in fair value, other, statement of income or comprehensive income	Gain (Loss) on Sales of Loans, Net	Gain (Loss) on Sales of Loans, Net	Gain (Loss) on Sales of Loans, Net	Gain (Loss) on Sales of Loans, Net

Mortgage Servicing Rights - Nar

Mortgage Servicing Rights - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
UPB of mortgage loans serviced	$ 461,947,608		$ 486,540,840
Delinquent loans as a percentage of total portfolio (in percent)	1.10%
Proceeds from sale of MSRs	$ 676,001	$ 473,971
Mortgage Servicing Rights
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Proceeds from sale of MSRs	$ 246,778

Mortgage Servicing Rights - S_2

Mortgage Servicing Rights - Schedule of Assumptions Used to Determine Fair Value of MSRs (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Transfers and Servicing [Abstract]
Discount rate	9.90%	9.90%
Prepayment speeds	7.10%	6.90%
Life (in years)	7 years 11 months 26 days	8 years 29 days

Mortgage Servicing Rights - S_3

Mortgage Servicing Rights - Schedule of Discount Rate and Prepayment Speeds at Two Different Data Points (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Discount Rate
100 BPS Adverse Change	$ (270,989)	$ (295,754)
200 BPS Adverse Change	(521,302)	(565,704)
Prepayment Speeds
10% Adverse Change	(163,465)	(171,297)
20% Adverse Change	$ (319,197)	$ (334,664)

Mortgage Loans Held for Sale (D

Mortgage Loans Held for Sale (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Mortgage loans held for sale
Balance at the beginning of period	$ 7,343,475	$ 19,323,568
Disbursements of mortgage loans held for sale	38,990,084	89,469,172
Proceeds from sales of mortgage loans held for sale	(38,370,799)	(97,597,641)
Gain on sale of mortgage loans excluding fair value of other financial instruments, net	481,683	1,207,770
Balance at the end of period	$ 8,444,443	$ 12,402,869
Mortgage loans held for sale average holding period	33 days

Borrowings - Narrative (Details

Borrowings - Narrative (Details)	6 Months Ended
	Jun. 30, 2023
Funding facilities and Other financing facilities
Debt Instrument [Line Items]
Commitment fees (in percent)	0.50%

Borrowings - Schedule of Fundin

Borrowings - Schedule of Funding Facilities (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Aug. 08, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Total funding facilities	$ 4,889,236,000		$ 3,548,699,000
Funding Facilities
Line of Credit Facility [Line Items]
Line Amount	16,250,000,000
Committed Line Amount	1,800,000,000
Total funding facilities	4,839,236,000		3,548,699,000
Funding Facilities | MRA funding
Line of Credit Facility [Line Items]
Line Amount	9,250,000,000
Committed Line Amount	1,800,000,000
Outstanding balance	3,676,742,000		2,759,717,000
Funding Facilities | Master Repurchase Agreement Due Oct 20 2023
Line of Credit Facility [Line Items]
Line Amount	250,000,000
Committed Line Amount	50,000,000
Outstanding balance	0		49,381,000
Funding Facilities | Master Repurchase Agreement Due Nov 30 2023
Line of Credit Facility [Line Items]
Line Amount	1,000,000,000
Committed Line Amount	100,000,000
Outstanding balance	272,527,000		138,057,000
Funding Facilities | Master Repurchase Agreement Due Aug 9 2024
Line of Credit Facility [Line Items]
Line Amount	2,000,000,000
Committed Line Amount	250,000,000
Outstanding balance	394,039,000		702,128,000
Funding Facilities | Master Repurchase Agreement Due Jan 26 2024
Line of Credit Facility [Line Items]
Line Amount	1,500,000,000
Committed Line Amount	550,000,000
Outstanding balance	$ 1,471,689,000		917,621,000
Facility term	12 months
Extension term	3 months
Timing option for extending facility	3 months
Funding Facilities | Master Repurchase Agreement Due May 4 2024
Line of Credit Facility [Line Items]
Line Amount	$ 1,000,000,000
Committed Line Amount	250,000,000
Outstanding balance	619,143,000		493,029,000
Funding Facilities | Master Repurchase Agreement Due Sep 9 2024
Line of Credit Facility [Line Items]
Line Amount	1,500,000,000
Committed Line Amount	250,000,000
Outstanding balance	109,484,000		101,152,000
Funding Facilities | Master Repurchase Agreement Due Sep 9 2024 | Mortgages
Line of Credit Facility [Line Items]
Committed Line Amount	1,500,000,000
Funding Facilities | Master Repurchase Agreement Due Sep 22 2023
Line of Credit Facility [Line Items]
Line Amount	1,250,000,000
Committed Line Amount	250,000,000
Outstanding balance	179,379,000		186,707,000
Funding Facilities | Master Repurchase Agreement Due Sep 22 2023 | Subsequent Event
Line of Credit Facility [Line Items]
Line Amount		$ 1,000,000,000
Committed Line Amount		$ 100,000,000
Funding Facilities | Master Repurchase Agreement Due Sep 27 2024
Line of Credit Facility [Line Items]
Line Amount	750,000,000
Committed Line Amount	100,000,000
Outstanding balance	630,481,000		171,642,000
Funding Facilities | Early Funding
Line of Credit Facility [Line Items]
Line Amount	7,000,000,000
Committed Line Amount	0
Early funding facilities	1,162,494,000		788,982,000
Funding Facilities | Early Funding Facility, One
Line of Credit Facility [Line Items]
Line Amount	5,000,000,000
Committed Line Amount	0
Early funding facilities	700,723,000		561,874,000
Funding Facilities | Early Funding Facility, Two
Line of Credit Facility [Line Items]
Line Amount	2,000,000,000
Committed Line Amount	0
Early funding facilities	$ 461,771,000		$ 227,108,000
Timing for review of agreement	90 days

Borrowings - Schedule of Other

Borrowings - Schedule of Other Financing Facilities (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Aug. 08, 2023
Line of Credit Facility [Line Items]
Early Buyout Financing Facility	$ 361,207,000	$ 672,882,000
Funding Facility
Line of Credit Facility [Line Items]
Line Amount	16,325,000,000
Committed Line Amount	1,875,000,000
Line of Credit Financing Facilities	4,889,236,000	3,548,699,000
Revolving Credit Facility and Security Agreement
Line of Credit Facility [Line Items]
Line Amount	75,000,000
Committed Line Amount	75,000,000
Line of Credit Financing Facilities	$ 50,000,000	$ 0
Revolving Credit Facility and Security Agreement | Base Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1%	1%
Revolving Credit Facility and Security Agreement | Base Rate | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.80%	1.85%
Revolving Credit Facility and Security Agreement | Personal Loans Held for Sale Maturing Jan 30 2025
Line of Credit Facility [Line Items]
Line Amount	$ 75,000,000
Committed Line Amount	75,000,000
Line of Credit Financing Facilities	50,000,000	$ 0
Line of Credit Financing Facilities
Line of Credit Facility [Line Items]
Line Amount	4,800,000,000
Committed Line Amount	1,250,000,000
Line of Credit Financing Facilities	$ 0	$ 0
Line of Credit Financing Facilities | Base Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.45%
Line of Credit Financing Facilities | Base Rate | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate		4%
Line of Credit | Unsecured Line of Credit, Maturing Jul 27 2025, RHI | Related Party
Line of Credit Facility [Line Items]
Line Amount	$ 2,000,000,000
Committed Line Amount	0
Line of Credit Financing Facilities	0	$ 0
Line of Credit | Unsecured Line of Credit, Maturing Jul 31 2025, RHI | Related Party
Line of Credit Facility [Line Items]
Line Amount	100,000,000
Committed Line Amount	0
Line of Credit Financing Facilities	0	0
Line of Credit | MSRs Line of Credit, Maturing Oct 20 2023
Line of Credit Facility [Line Items]
Line Amount	200,000,000
Committed Line Amount	0
Line of Credit Financing Facilities	0	0
Line of Credit | MSRs Line of Credit, Maturing Sep 9 2024
Line of Credit Facility [Line Items]
Line Amount	1,500,000,000
Committed Line Amount	250,000,000
Line of Credit Financing Facilities	0	0
Revolving Credit Facility | Revolving Credit Facility Due Aug 10 2025
Line of Credit Facility [Line Items]
Line Amount	1,000,000,000
Committed Line Amount	1,000,000,000
Line of Credit Financing Facilities	0	0
Revolving Credit Facility | Revolving Credit Facility Due Aug 10 2025 | Subsequent Event
Line of Credit Facility [Line Items]
Line Amount			$ 1,150,000
Early Buyout Financing Facility
Line of Credit Facility [Line Items]
Line Amount	1,500,000,000
Committed Line Amount	0
Early Buyout Financing Facility	$ 361,207,000	$ 672,882,000
Early Buyout Financing Facility | Base Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.45%
Early Buyout Financing Facility | Base Rate | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate		4%
Funding Facilities
Line of Credit Facility [Line Items]
Line Amount	$ 16,250,000,000
Committed Line Amount	$ 1,800,000,000

Borrowings - Schedule of Unsecu

Borrowings - Schedule of Unsecured Senior Notes (Details) - Unsecured Senior Notes - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Outstanding principal	$ 4,061,985	$ 4,061,985
Weighted Average Interest Rate	3.59%	3.59%
2026 Senior Notes
Debt Instrument [Line Items]
Interest Rate	2.875%
Outstanding principal	$ 1,150,000	$ 1,150,000
Unamortized debt issuance costs	$ 7,426	8,569
2028 Senior Notes
Debt Instrument [Line Items]
Interest Rate	5.25%
Outstanding principal	$ 61,985	61,985
Unamortized debt issuance costs	321	358
Unamortized discounts	$ 267	298
2029 Senior Notes
Debt Instrument [Line Items]
Interest Rate	3.625%
Outstanding principal	$ 750,000	750,000
Unamortized debt issuance costs	$ 5,683	6,185
2031 Senior Notes
Debt Instrument [Line Items]
Interest Rate	3.875%
Outstanding principal	$ 1,250,000	1,250,000
Unamortized debt issuance costs	$ 10,366	11,040
2033 Senior Notes
Debt Instrument [Line Items]
Interest Rate	4%
Outstanding principal	$ 850,000	850,000
Unamortized debt issuance costs	$ 7,213	$ 7,565

Transactions with Related Par_2

Transactions with Related Parties (Details) - USD ($)			3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 16, 2021	Jul. 31, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Jul. 31, 2023
Related Party Transaction [Line Items]
Notes receivable and due from affiliates			$ 71,792,000		$ 71,792,000		$ 10,796,000
Other income			219,105,000	$ 204,035,000	409,820,000	$ 521,407,000
General and administrative expenses			200,425,000	229,706,000	395,815,000	505,563,000
Marketing and advertising expenses			218,843,000	231,522,000	400,447,000	559,580,000
RHI Credit Agreement | Line of Credit | Unsecured Line of Credit, Maturing Jul 27 2025, RHI
Related Party Transaction [Line Items]
Aggregate repayments			0	0	0	762,000
RHI and Amrock Title Insurance Company Debenture
Related Party Transaction [Line Items]
Aggregate repayments			250,000	500,000	250,000	500,000
Bedrock Lease Agreements
Related Party Transaction [Line Items]
Expenses incurred			18,788,000	18,301,000	36,686,000	37,555,000
Related Party | Line of Credit | Unsecured Line of Credit, Maturing Jul 27 2025, RHI
Related Party Transaction [Line Items]
Line amount			2,000,000,000		2,000,000,000
Lines of credit			0		0		0
Related Party | Line of Credit | Unsecured Line of Credit, Maturing Jul 31 2025, RHI
Related Party Transaction [Line Items]
Line amount			100,000,000		100,000,000
Lines of credit			0		0		0
Related Party | RHI Credit Agreement
Related Party Transaction [Line Items]
Aggregate principal amount			30,434,000		30,434,000		30,081,000
Related Party | RHI Credit Agreement | Line of Credit | Unsecured Line of Credit, Maturing Jul 27 2025, RHI
Related Party Transaction [Line Items]
Line amount	$ 2,000,000,000
Lines of credit			0		0		0
Related Party | RHI Credit Agreement | Line of Credit | Unsecured Line of Credit, Maturing Jul 27 2025, RHI | Base Rate
Related Party Transaction [Line Items]
Basis spread on variable rate	1.25%
Related Party | RHI Credit Agreement | Line of Credit | Unsecured Line of Credit, Maturing Jul 31 2025, RHI
Related Party Transaction [Line Items]
Line amount		$ 100,000,000
Lines of credit			0		0		0
Net payments on lines of credit					0		$ 0
Related Party | RHI Credit Agreement | Line of Credit | Unsecured Line of Credit, Maturing Jul 31 2025, RHI | Base Rate
Related Party Transaction [Line Items]
Basis spread on variable rate		1.25%
Related Party | RHI and Amrock Title Insurance Company Debenture
Related Party Transaction [Line Items]
Interest accrued			429,000	853,000	429,000	853,000
Related Party | RHI and Amrock Title Insurance Company Debenture | Subsequent Event
Related Party Transaction [Line Items]
Aggregate principal amount								$ 21,500,000
Interest rate (percent)								8%
Related Party | Services, Products and Other Transactions
Related Party Transaction [Line Items]
Other income			2,550,000	3,214,000	4,866,000	6,231,000
General and administrative expenses			12,611,000	27,901,000	26,672,000	66,895,000
Related Party | Promotional Sponsorships
Related Party Transaction [Line Items]
Marketing and advertising expenses			$ 2,169,000	$ 2,127,000	$ 4,339,000	$ 4,604,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ (782,000)	$ 18,761,000	$ (5,286,000)	$ 44,610,000
Income (loss) before income taxes	138,370,000	78,517,000	$ (277,617,000)	1,140,974,000
Percentage of applicable tax savings payable per tax receivable agreement			90%
Percentage of applicable tax savings retained by the Company per tax receivable agreement			10%
Payments pursuant to tax receivable agreement	0	0	$ 35,697,000	40,721,000
Tax distributions to holders of holdings units	$ 0	$ 6,069,000	$ 0	$ 166,698,000

Derivative Financial Instrume_3

Derivative Financial Instruments - Schedule of Net Hedging Gains And Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Forward commitments
Derivative Instruments, Gain (Loss) [Line Items]
Hedging gains	$ 180,909	$ 1,446,478	$ 101,776	$ 2,979,623

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Notional and Fair Values of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Derivative [Line Items]
Derivative Liability	$ 12,766	$ 25,117
IRLCs, net of loan funding probability
Derivative [Line Items]
Derivative Asset	127,690	90,635
Derivative Liability	0	0
Forward commitements
Derivative [Line Items]
Derivative Asset	106,996	22,444
Derivative Liability	12,766	25,117
Not Designated | IRLCs, net of loan funding probability
Derivative [Line Items]
Notional Value	7,121,873	4,373,465
Not Designated | Forward commitements
Derivative [Line Items]
Notional Value	$ 13,805,926	$ 10,963,989

Derivative Financial Instrume_5

Derivative Financial Instruments - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cash pledged to counterparties	$ 0		$ 0		$ 24,102,000
Cash pledged from counterparties	44,151,000		44,151,000		$ 959,000
Credit losses due to nonperformance of counterparty	$ 0	$ 0	$ 0	$ 0

Derivative Financial Instrume_6

Derivative Financial Instruments - Schedule of Gross Amounts Recognized Assets and Liabilities Subject to Master Netting Agreements (Details) - Not Designated - Forward commitments - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Offsetting Assets [Line Items]
Gross amount of recognized assets	$ 135,309	$ 71,484
Gross Amounts Offset in the Condensed Consolidated Balance Sheets	(28,313)	(49,040)
Net assets presented in the condensed consolidated balance sheets	106,996	22,444
Gross amount of recognized liabilities	(16,193)	(69,007)
Gross Amounts Offset in the Condensed Consolidated Balance Sheets	3,427	43,890
Net liabilities presented in the condensed consolidated balance sheets	$ (12,766)	$ (25,117)

Commitments, Contingencies, a_3

Commitments, Contingencies, and Guarantees - Narrative (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) guarantee	Dec. 31, 2022 USD ($) guarantee
Other Commitments [Line Items]
Investor reserves	$ 100,828	$ 110,147
Administrated escrow deposits for property taxes, insurance and settlement funds	4,724,577	3,471,913
Administrated escrow deposits for principal and interest	3,089,020	2,529,326
Recorded reserves related to potential damages in connection with legal proceedings	$ 15,000	$ 15,000
Financial Guarantee
Other Commitments [Line Items]
Number of separate guarantees | guarantee	3	3
Guaranteed debt total amount	$ 2,640	$ 3,495
IRLCs
Other Commitments [Line Items]
Average number of days until expiration of interest rate lock commitments	42 days	48 days
Mortgages
Other Commitments [Line Items]
Commitments to sell loans	$ 1,161,994	$ 20,618
MSRs with Servicing Released
Other Commitments [Line Items]
Commitments to sell loans	$ 150,831	$ 223,314

Commitments, Contingencies, a_4

Commitments, Contingencies, and Guarantees - Schedule of IRLC Unpaid Principal Balance (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
IRLCs UPB, fixed rate	$ 9,563,181	$ 6,108,132
IRLCs UPB, variable rate	$ 276,489	$ 326,638

Minimum Net Worth Requirements

Minimum Net Worth Requirements (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Mortgage Banking [Abstract]
Minimum adjusted net worth balance	$ 1,500,000	$ 1,500,000

Segments - Schedule of Key Oper

Segments - Schedule of Key Operating Data for Business Segments (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) segment	Jun. 30, 2022 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			2
Segment Reporting Information [Line Items]
Gain on sale	$ 594,469	$ 806,838	$ 1,064,032	$ 2,290,623
Interest income	80,757	79,196	147,501	169,737
Interest expense on funding facilities	(44,072)	(42,706)	(73,132)	(84,403)
Servicing fee income	343,591	357,578	709,976	723,793
Changes in fair value of MSRs	42,377	(12,522)	(355,902)	441,858
Other income	219,105	204,035	409,820	521,407
Total U.S. GAAP Revenue, net	1,236,227	1,392,419	1,902,295	4,063,015
Change in fair value of MSRs due to valuation assumptions, net of hedges	(234,556)	(266,969)	(18,498)	(1,006,186)
Adjusted revenue	1,001,671	1,125,450	1,883,797	3,056,829
Less: Directly attributable expenses	665,238	809,498	1,313,022	1,917,613
Contribution margin	336,433	315,952	570,775	1,139,216
Reportable Segments
Segment Reporting Information [Line Items]
Gain on sale	584,632	802,912	1,046,968	2,278,071
Interest income	81,527	78,491	147,321	168,261
Interest expense on funding facilities	(43,975)	(42,703)	(72,980)	(84,400)
Servicing fee income	342,328	356,779	707,545	722,279
Changes in fair value of MSRs	42,377	(12,522)	(355,902)	441,858
Other income	138,857	100,112	258,995	283,617
Total U.S. GAAP Revenue, net	1,145,746	1,283,069	1,731,947	3,809,686
Change in fair value of MSRs due to valuation assumptions, net of hedges	(234,556)	(266,969)	(18,498)	(1,006,186)
Adjusted revenue	911,190	1,016,100	1,713,449	2,803,500
Less: Directly attributable expenses	595,647	705,132	1,166,589	1,694,376
Contribution margin	315,543	310,968	546,860	1,109,124
Reportable Segments | Direct to Consumer
Segment Reporting Information [Line Items]
Gain on sale	476,052	645,453	866,394	1,862,556
Interest income	45,484	50,944	83,606	108,546
Interest expense on funding facilities	(24,509)	(27,704)	(41,316)	(54,432)
Servicing fee income	342,328	356,779	707,545	722,279
Changes in fair value of MSRs	42,377	(12,522)	(355,902)	441,858
Other income	134,661	92,910	251,181	259,938
Total U.S. GAAP Revenue, net	1,016,393	1,105,860	1,511,508	3,340,745
Change in fair value of MSRs due to valuation assumptions, net of hedges	(234,556)	(266,969)	(18,498)	(1,006,186)
Adjusted revenue	781,837	838,891	1,493,010	2,334,559
Less: Directly attributable expenses	529,222	609,431	1,034,805	1,478,641
Contribution margin	252,615	229,460	458,205	855,918
Reportable Segments | Partner Network
Segment Reporting Information [Line Items]
Gain on sale	108,580	157,459	180,574	415,515
Interest income	36,043	27,547	63,715	59,715
Interest expense on funding facilities	(19,466)	(14,999)	(31,664)	(29,968)
Servicing fee income	0	0	0	0
Changes in fair value of MSRs	0	0	0	0
Other income	4,196	7,202	7,814	23,679
Total U.S. GAAP Revenue, net	129,353	177,209	220,439	468,941
Change in fair value of MSRs due to valuation assumptions, net of hedges	0	0	0	0
Adjusted revenue	129,353	177,209	220,439	468,941
Less: Directly attributable expenses	66,425	95,701	131,784	215,735
Contribution margin	62,928	81,508	88,655	253,206
All Other
Segment Reporting Information [Line Items]
Gain on sale	9,837	3,926	17,064	12,552
Interest income	(770)	705	180	1,476
Interest expense on funding facilities	(97)	(3)	(152)	(3)
Servicing fee income	1,263	799	2,431	1,514
Changes in fair value of MSRs	0	0	0	0
Other income	80,248	103,923	150,825	237,790
Total U.S. GAAP Revenue, net	90,481	109,350	170,348	253,329
Change in fair value of MSRs due to valuation assumptions, net of hedges	0	0	0	0
Adjusted revenue	90,481	109,350	170,348	253,329
Less: Directly attributable expenses	69,591	104,366	146,433	223,237
Contribution margin	$ 20,890	$ 4,984	$ 23,915	$ 30,092

Segments - Schedule of Reconcil

Segments - Schedule of Reconciliation of Segment Contribution Margin to Combined U.S. GAAP Income Before Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment reporting reconciliation [Line Items]
Contribution margin, excluding change in MSRs due to valuation assumptions	$ 336,433	$ 315,952	$ 570,775	$ 1,139,216
Change in fair value of MSRs due to valuation assumptions, net of hedges	234,556	266,969	18,498	1,006,186
Contribution margin, including change in MSRs due to valuation assumptions	570,989	582,921	589,273	2,145,402
Salaries, commissions and team member benefits	579,139	754,125	1,182,914	1,608,040
General and administrative expenses	200,425	229,706	395,815	505,563
Depreciation and amortization	25,357	24,780	56,042	45,822
Interest and amortization expense on non-funding debt	38,334	38,282	76,667	76,946
Other expenses	35,759	35,487	68,027	126,090
Income (loss) before income taxes	138,370	78,517	(277,617)	1,140,974
Expenses Not Allocated to Segments
Segment reporting reconciliation [Line Items]
Salaries, commissions and team member benefits	222,645	290,639	443,527	534,683
General and administrative expenses	145,595	162,453	288,708	354,910
Depreciation and amortization	25,357	24,780	56,042	45,822
Interest and amortization expense on non-funding debt	38,333	38,282	76,667	76,946
Other expenses	$ 689	$ (11,750)	$ 1,946	$ (7,933)

Non-controlling Interest - Sche

Non-controlling Interest - Schedule of Non-controlling Interest Ownership (Details) - Holdings - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Noncontrolling Interest [Line Items]
Holdings units (in shares)	1,976,008,932	1,972,371,089
Ownership percentage	100%	100%
Rocket Companies Inc.
Noncontrolling Interest [Line Items]
Holdings units (in shares)	127,129,449	123,491,606
Ownership percentage	6.43%	6.26%
Chairman
Noncontrolling Interest [Line Items]
Holdings units (in shares)	1,101,822	1,101,822
Ownership percentage	0.06%	0.06%
RHI
Noncontrolling Interest [Line Items]
Holdings units (in shares)	1,847,777,661	1,847,777,661
Ownership percentage	93.51%	93.68%

Non-controlling Interest - Narr

Non-controlling Interest - Narrative (Details)	6 Months Ended
	Jun. 30, 2023 shares
Class A Common Stock
Noncontrolling Interest [Line Items]
Shares repurchased (in shares)	32,140,667

Share-based Compensation - Narr

Share-based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
TMSPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of gross pay eligible for utilization	15%		15%
Percentage of closing market price for purchases	85%		85%
Shares purchased under the TMSPP (in shares)	794,282	1,456,798	1,673,099	2,475,673
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	40,000		2,540,000
Estimated future expense	$ 350		$ 21,850
Additional awards granted (in shares)	0		4,000,000
Additional estimated future expenses	$ 0		$ 34,700
Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			4 years

Share-based Compensation - Sche

Share-based Compensation - Schedule of Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 50,696	$ 56,441	$ 102,656	$ 123,552
Rocket Companies, Inc sponsored plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	50,529	55,005	102,484	109,171
Rocket Companies, Inc sponsored plans | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	41,570	44,101	84,167	86,593
Rocket Companies, Inc sponsored plans | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	7,819	9,270	16,048	18,846
Rocket Companies, Inc sponsored plans | Team Member Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	1,140	1,634	2,269	3,732
RHI and subsidiary plans | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	0	1,257	0	14,033
RHI and subsidiary plans | Subsidiary plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 167	$ 179	$ 172	$ 348

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Stock Options
Class of Stock [Line Items]
Antidilutive securities excluded from computation of diluted EPS (in shares)	20,146,202	23,120,690	20,146,202	23,120,690
Class B Common Stock
Class of Stock [Line Items]
Common stock outstanding (in shares)	0	0	0	0	0

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Calculation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share Reconciliation
Net income (loss)	$ 139,152	$ (411,483)	$ 59,756	$ 1,036,608	$ (272,331)	$ 1,096,364
Net (income) loss attributable to non-controlling interest	(131,714)		(56,341)		261,246	(1,039,237)
Net income (loss) attributable to Rocket Companies	7,438		3,415		(11,085)	57,127
Add: Reallocation of net income attributable to vested, undelivered stock awards	0		2		0	34
Net income (loss) attributable to common shareholders	7,438		3,417		(11,085)	57,161
Numerator:
Net income (loss) attributable to Class A common shareholders - basic	7,438		3,417		(11,085)	57,161
Add: Reallocation of net income (loss) attributable to dilutive impact of pro-forma conversion of Class D shares to Class A shares	97,491		38,750		(198,229)	790,709
Add: Reallocation of net income (loss) attributable to dilutive impact of share-based compensation awards	206		93		(269)	1,596
Net income (loss) attributable to Class A common shareholders - diluted	$ 105,135		$ 42,260		$ (209,583)	$ 849,466
Denominator:
Weighted average shares of Class A common stock outstanding - basic (in shares)	126,740,748		118,801,530		125,742,282	120,735,056
Add: Dilutive impact of conversion of Class D shares to Class A shares (in shares)	1,848,879,483		1,848,879,483		1,848,879,483	1,848,879,483
Add: Dilutive impact of share-based compensation awards (in shares)	3,830,420		4,060,751		2,526,432	4,009,477
Weighted average shares of Class A common stock outstanding - diluted (in shares)	1,979,450,651		1,971,741,764		1,977,148,197	1,973,624,016
Earnings (loss) per share of Class A common stock outstanding - basic (in dollars per share)	$ 0.06		$ 0.03		$ (0.09)	$ 0.47
Earnings (loss) per share of Class A common stock outstanding - diluted (in dollars per share)	$ 0.05		$ 0.02		$ (0.11)	$ 0.43
Restricted Stock Units
Numerator:
Add: Reallocation of net income (loss) attributable to dilutive impact of share-based compensation awards	$ 203		$ 88		$ (259)	$ 1,480
Denominator:
Add: Dilutive impact of share-based compensation awards (in shares)	3,760,643		3,839,263		2,431,355	3,719,060
TMSPP
Numerator:
Add: Reallocation of net income (loss) attributable to dilutive impact of share-based compensation awards	$ 3		$ 5		$ (10)	$ 116
Denominator:
Add: Dilutive impact of share-based compensation awards (in shares)	69,776		221,488		95,077	290,417