Rocket Companies (RKT) 10-Q 12 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 05, 2024
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Common Stock
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		145,835,235
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	Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 1,228,234	$ 1,108,466
Restricted cash	20,363	28,366
Mortgage loans held for sale, at fair value	10,978,259	6,542,232
Mortgage servicing rights (“MSRs”), at fair value	6,810,667	6,439,787
Notes receivable and due from affiliates	15,226	19,530
Property and equipment, net of accumulated depreciation and amortization of $598,768 and $536,196, respectively	229,377	250,856
Deferred tax asset, net	535,776	550,149
Lease right of use assets	296,631	347,696
Loans subject to repurchase right from Ginnie Mae	2,283,017	1,533,387
Goodwill and intangible assets, net	1,233,954	1,236,765
Other assets	1,250,771	1,015,022
Total assets	25,118,134	19,231,740
Liabilities
Funding facilities	8,499,043	3,367,383
Other financing facilities and debt
Senior Notes, net	4,037,557	4,033,448
Early buy out facility	106,863	203,208
Accounts payable	175,925	171,350
Lease liabilities	335,950	393,882
Forward commitments, at fair value	62,991	142,988
Investor reserves	99,080	92,389
Tax receivable agreement liability	584,695	584,695
Loans subject to repurchase right from Ginnie Mae	2,283,017	1,533,387
Total liabilities	16,765,750	10,930,030
Equity
Additional paid-in capital	373,362	340,532
Retained earnings	278,955	284,296
Accumulated other comprehensive income	60	52
Non-controlling interest	7,699,987	7,676,810
Total equity	8,352,384	8,301,710
Total liabilities and equity	25,118,134	19,231,740
Related Party
Other financing facilities and debt
Other liabilities	30,511	31,006
Nonrelated Party
Other financing facilities and debt
Other liabilities	550,118	376,294
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	228,204	132,870
Forward commitments
Assets
Derivatives, at fair value	$ 7,655	$ 26,614

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Property and equipment, accumulated depreciation and amortization	$ 598,768	$ 536,196
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)	144,920,227	135,814,173
Common stock outstanding (in shares)	144,920,227	135,814,173
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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Gain on sale of loans
Gain on sale of loans excluding fair value of originated MSRs, net	$ 506,688	$ 241,496	$ 1,396,128	$ 786,128
Fair value of originated MSRs	337,702	330,627	906,044	850,027
Gain on sale of loans, net	844,390	572,123	2,302,172	1,636,155
Loan servicing (loss) income
Servicing fee income	373,796	344,061	1,074,219	1,054,037
Change in fair value of MSRs	(878,311)	12,765	(934,744)	(343,137)
Loan servicing (loss) income, net	(504,515)	356,826	139,475	710,900
Interest income
Interest income	108,566	93,868	309,961	241,369
Interest expense on funding facilities	(101,820)	(67,059)	(234,556)	(161,683)
Interest income, net	6,746	26,809	75,405	79,686
Other income	300,327	247,410	814,334	678,722
Total revenue, net	646,948	1,203,168	3,331,386	3,105,463
Expenses
Salaries, commissions and team member benefits	607,526	589,584	1,702,042	1,772,498
General and administrative expenses	221,074	199,399	690,691	595,214
Marketing and advertising expenses	200,528	193,406	617,761	593,853
Depreciation and amortization	28,607	27,636	83,633	83,678
Interest and amortization expense on non-funding debt	38,620	38,354	115,349	115,021
Other expenses	47,912	37,164	128,817	105,191
Total expenses	1,144,267	1,085,543	3,338,293	3,265,455
(Loss) income before income taxes	(497,319)	117,625	(6,907)	(159,992)
Benefit from (provision for) income taxes	15,895	(2,680)	(5,878)	2,606
Net (loss) income	(481,424)	114,945	(12,785)	(157,386)
Net loss (income) attributable to non-controlling interest	459,413	(108,739)	8,284	152,507
Net (loss) income attributable to Rocket Companies	$ (22,011)	$ 6,206	$ (4,501)	$ (4,879)
(Loss) earnings per share of Class A common stock
Basic (in dollars per share)	$ (0.16)	$ 0.05	$ (0.03)	$ (0.04)
Diluted (in dollars per share)	$ (0.19)	$ 0.04	$ (0.03)	$ (0.06)
Weighted average shares outstanding
Basic (in shares)	141,763,221	129,390,501	139,475,981	126,971,718
Diluted (in shares)	2,003,296,515	1,983,992,350	139,475,981	1,979,203,982
Comprehensive (loss) income
Net (loss) income	$ (481,424)	$ 114,945	$ (12,785)	$ (157,386)
Cumulative translation adjustment	(358)	164	161	12
Comprehensive (loss) income	(481,782)	115,109	(12,624)	(157,374)
Comprehensive loss (income) attributable to non-controlling interest	459,747	(108,893)	8,133	152,496
Comprehensive (loss) income attributable to Rocket Companies	$ (22,035)	$ 6,216	$ (4,491)	$ (4,878)

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, 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 (loss) 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 of refunds	117				(209)		326
Forfeitures of Special Dividend to Class A Shareholders	370				23		347
Taxes withheld on team members' restricted share award vesting	(6,994)			(444)			(6,550)
Issuance of Class A common stock under share-based compensation plans (in shares)		878,817
Issuance of Class A common stock under share-based compensation plans	7,250			456			6,794
Change in controlling interest of investment, net	(4,695)			15,268	(688)		(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 (loss) income	(157,386)
Cumulative translation adjustment	12
Ending balance (in shares) at Sep. 30, 2023		131,270,295	1,848,879,483
Ending balance at Sep. 30, 2023	8,506,373	$ 1	$ 19	317,004	294,770	68	7,894,511
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 (loss) 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
Forfeitures of Special Dividend to Class A Shareholders	1,282				82		1,200
Taxes withheld on team members' restricted share award vesting	(3,260)			(210)			(3,050)
Issuance of Class A common stock under share-based compensation plans (in shares)		794,282
Issuance of Class A common stock under share-based compensation 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	114,945				6,206		108,739
Cumulative translation adjustment	164					10	154
Share-based compensation, net (in shares)		3,338,087
Share-based compensation, net	40,884			2,671			38,213
Forfeitures of Special Dividend to Class A Shareholders	708				47		661
Taxes withheld on team members' restricted share award vesting	(19,447)			(1,282)			(18,165)
Issuance of Class A common stock under share-based compensation plans (in shares)		802,759
Issuance of Class A common stock under share-based compensation plans	8,349			540			7,809
Change in controlling interest of investment, net	(4,084)			12,935		(2)	(17,017)
Ending balance (in shares) at Sep. 30, 2023		131,270,295	1,848,879,483
Ending balance at Sep. 30, 2023	8,506,373	$ 1	$ 19	317,004	294,770	68	7,894,511
Beginning balance (in shares) at Dec. 31, 2023		135,814,173	1,848,879,483
Beginning balance at Dec. 31, 2023	8,301,710	$ 1	$ 19	340,532	284,296	52	7,676,810
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	290,714				16,215		274,499
Cumulative translation adjustment	314					21	293
Share-based compensation, net (in shares)		2,458,761
Share-based compensation, net	29,782			2,060			27,722
Distributions for state taxes on behalf of unit holders (members), net of refunds	(274)				(19)		(255)
Forfeitures of Special Dividend to Class A Shareholders	31				2		29
Taxes withheld on team members' restricted share award vesting	(16,562)			(1,152)			(15,410)
Issuance of Class A common stock under share-based compensation plans (in shares)		538,683
Issuance of Class A common stock under share-based compensation plans	6,615			454			6,161
Change in controlling interest of investment, net	(2,879)			8,917		(1)	(11,795)
Ending balance (in shares) at Mar. 31, 2024		138,811,617	1,848,879,483
Ending balance at Mar. 31, 2024	8,609,451	$ 1	$ 19	350,811	300,494	72	7,958,054
Beginning balance (in shares) at Dec. 31, 2023		135,814,173	1,848,879,483
Beginning balance at Dec. 31, 2023	8,301,710	$ 1	$ 19	340,532	284,296	52	7,676,810
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(12,785)
Cumulative translation adjustment	161
Ending balance (in shares) at Sep. 30, 2024		144,920,227	1,848,879,483
Ending balance at Sep. 30, 2024	8,352,384	$ 1	$ 19	373,362	278,955	60	7,699,987
Beginning balance (in shares) at Mar. 31, 2024		138,811,617	1,848,879,483
Beginning balance at Mar. 31, 2024	8,609,451	$ 1	$ 19	350,811	300,494	72	7,958,054
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	177,925				1,295		176,630
Cumulative translation adjustment	205					13	192
Share-based compensation, net (in shares)		506,140
Share-based compensation, net	37,747			2,652			35,095
Distributions for state taxes on behalf of unit holders (members), net of refunds	(92)				(6)		(86)
Distributions to unit holders (members) from subsidiary investment, net	(13,850)				(837)		(13,013)
Forfeitures of Special Dividend to Class A Shareholders	173				12		161
Taxes withheld on team members' restricted share award vesting	(4,334)			(305)			(4,029)
Issuance of Class A common stock under share-based compensation plans (in shares)		645,826
Issuance of Class A common stock under share-based compensation plans	7,911			554			7,357
Change in controlling interest of investment, net	(1,215)			3,898			(5,113)
Ending balance (in shares) at Jun. 30, 2024		139,963,583	1,848,879,483
Ending balance at Jun. 30, 2024	8,813,921	$ 1	$ 19	357,610	300,958	85	8,155,248
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(481,424)				(22,011)		(459,413)
Cumulative translation adjustment	(358)					(24)	(334)
Share-based compensation, net (in shares)		3,576,274
Share-based compensation, net	38,643			2,760			35,883
Distributions for state taxes on behalf of unit holders (members), net of refunds	(32)				(2)		(30)
Forfeitures of Special Dividend to Class A Shareholders	149				10		139
Issuance of Class A Common Shares upon exercise of stock options (in shares)		775,211
Issuance of Class A Common Shares upon exercise of stock options	13,838			992			12,846
Taxes withheld on team members' restricted share award vesting	(36,320)			(2,632)			(33,688)
Issuance of Class A common stock under share-based compensation plans (in shares)		605,159
Issuance of Class A common stock under share-based compensation plans	8,672			612			8,060
Change in controlling interest of investment, net	(4,705)			14,020		(1)	(18,724)
Ending balance (in shares) at Sep. 30, 2024		144,920,227	1,848,879,483
Ending balance at Sep. 30, 2024	$ 8,352,384	$ 1	$ 19	$ 373,362	$ 278,955	$ 60	$ 7,699,987

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (12,785)	$ (157,386)
Adjustments to reconcile Net loss to Net cash used in operating activities:
Depreciation and amortization	83,633	83,678
Provision for (benefit from) deferred income taxes	5,600	(3,587)
Origination of MSRs	(906,044)	(850,027)
Change in fair value of MSRs, net	940,747	321,866
Gain on sale of loans excluding fair value of originated MSRs, net	(1,396,128)	(786,128)
Disbursements of mortgage loans held for sale	(72,075,853)	(61,002,673)
Proceeds from sale of mortgage loans held for sale	68,853,271	60,950,186
Disbursements of non-mortgage loans held for sale	(236,845)	(125,756)
Change in fair value of non-mortgage loans held for sale	1,503	2,785
Share-based compensation expense	109,925	144,748
Change in assets and liabilities
Due from affiliates	4,304	36
Other assets	44,460	(5,069)
Accounts payable	4,576	83,586
Due to affiliates	(495)	(3,251)
Other liabilities	107,723	63,433
Total adjustments	(4,459,623)	(1,126,173)
Net cash used in operating activities	(4,472,408)	(1,283,559)
Investing activities
Net proceeds from sale of MSRs	219,694	897,894
Net purchase of MSRs	(641,975)	(106,389)
Decrease in mortgage loans held for investment	11,243	7,325
Purchases of investment securities, available for sale	0	(5,472)
Sales of investment securities, available for sale	0	6,479
Purchase and other additions of property and equipment, net of disposals	(48,787)	(60,876)
Net cash (used in) provided by investing activities	(459,825)	738,961
Financing activities
Net borrowings on funding facilities	5,131,660	1,121,704
Net payments on early buy out facility	(96,345)	(416,133)
Net borrowings on notes payable from unconsolidated affiliates	0	536
Proceeds from consolidated CFE, net	51,030	0
Stock issuance	33,288	19,475
Taxes withheld on team members' restricted share award vesting	(57,216)	(29,701)
(Distributions to) contributions from other unit holders (members of Holdings)	(18,580)	51,528
Net cash provided by financing activities	5,043,837	747,409
Effects of exchange rate changes on cash and cash equivalents	161	12
Net increase in cash and cash equivalents and restricted cash	111,765	202,823
Cash and cash equivalents and restricted cash, beginning of period	1,136,832	789,099
Cash and cash equivalents and restricted cash, end of period	1,248,597	991,922
Non-cash activities
Loans transferred to other real estate owned	3,046	2,011
Supplemental disclosures
Cash paid for interest on related party borrowings	$ 1,291	$ 1,286

Business, Basis of Presentation

Business, Basis of Presentation and Accounting Policies	9 Months Ended
	Sep. 30, 2024
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 Rocket, LLC dba RKT Holdings (“Holdings”) and its wholly owned subsidiaries. We are a Detroit‑based fintech company including mortgage, real estate and personal finance business. We are committed to delivering industry-best client experiences through our AI-fueled homeownership strategy. Our full suite of products empowers our clients across financial wellness, personal loans, home search, mortgage finance, title and closing. We believe our widely recognized “Rocket” brand is synonymous with simple, fast and trusted digital experiences. Through these businesses, we seek to deliver innovative client solutions leveraging our Rocket platform. Our business operations are organized into the following two segments: (1) Direct to Consumer and (2) Partner Network, refer to 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 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”), Rocket Title Insurance Company (“RTI”) or previously Amrock Title Insurance Company, LMB HoldCo LLC (“Core Digital Media”), RCRA Holdings LLC (Rock Connections LLC dba “Rocket Connections”), Rocket Homes Real Estate LLC (“Rocket Homes”), RockLoans Holdings LLC (“Rocket Loans”), Rocket Money, Inc. (“Rocket Money”), Rocket Worldwide Holdings Inc. (EFB Holdings Inc. (“Rocket Mortgage Canada”) and Lendesk Canada Holdings Inc. (“Lendesk Technologies”)), 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 (loss) income is allocated to Net loss (income) attributable to non-controlling interest. For further details, refer below to Variable Interest Entities and Note 12 , Non-controlling Interest. For further details on the Company's other consolidated VIE, refer below to Variable Interest Entities . 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 trading 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. 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, 2023, 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. Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. 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. Management is not aware of any factors that would significantly change its estimates and assumptions, actual results may differ from these estimates, as of September 30, 2024. 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 for disclosures on changes to the Company's debt agreements that occurred subsequent to September 30, 2024. 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. Loan servicing (loss) 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. Refer to Note 3, Mortgage Servicing Rights for information related to the gain/(loss) on changes in the fair value of MSRs. 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 (“UPB”) outstanding. The accrual of interest income is generally discontinued when a loan becomes 90 days past due. Other income — is derived primarily from deposit income, personal finance subscription revenue, closing fees, net appraisal revenue, net title insurance fees, personal loans business, real estate network referral fees and professional service fees. The following significant revenue streams fall within the scope of ASC Topic 606 — Revenue from Contracts with Customers and are disaggregated hereunder. The remaining revenue streams within the scope of ASC 606 are immaterial, both individually and in aggregate. 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 $65,950 and $46,448 for the three months ended September 30, 2024 and 2023, respectively and $192,119 and $128,627 for the nine months ended September 30, 2024 and 2023, 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 $29,231 and $21,172 for the three months ended September 30, 2024 and 2023, respectively and $75,057 and $59,470 for the nine months ended September 30, 2024 and 2023, 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 was $9,222 and $8,279 for the three months ended September 30, 2024 and 2023, respectively and $27,552 and $33,098 for the nine months ended September 30, 2024 and 2023, 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 were $14,363 and $16,841 for the three months ended September 30, 2024 and 2023, respectively and $40,657 and $37,588 for the nine months ended September 30, 2024 and 2023, 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 September 30, 2024 and 2023 consisted of cash on deposit for a repurchase facility, client application deposits, title premiums collected from the insured that are due to the underwriter, and principal and interest received in collection accounts for purchased assets. September 30, 2024 2023 Cash and cash equivalents $ 1,228,234 $ 957,254 Restricted cash 20,363 34,668 Total cash, cash equivalents and restricted cash in the statement of cash flows $ 1,248,597 $ 991,922 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 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 . 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. 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 September 30, 2024. During the quarter ended September 30, 2024, a subsidiary of the Company transferred assets to a trust for which the Company holds a variable interest. Management concluded the Company has power to direct activities impacting the trust’s economic performance and therefore is a consolidated VIE in accordance with ASC 810, Consolidation . The Company has elected to account for the assets and liabilities of the VIE as a collateralized financing entity (“CFE”). A CFE is a VIE that holds financial assets, issues beneficial interests in those assets and has no more than nominal equity. The related assets are not available for general use by the Company and creditors have no recourse to the Company for the related liabilities. Recently Adopted Accounting Standards In March 2023, the FASB issued ASU 2023-01: Leases (Topic 842) – Common Control Arrangements. The new guidance requires all lessees in a lease with a lessor under common control to amortize leasehold improvements over the useful life of the common control group and provides new guidance for recognizing a transfer of assets between entities under common control as an adjustment to equity when the lessee no longer controls the use of the underlying asset. This guidance is effective for fiscal years beginning after December 15, 2023. There was no impact to the Company’s Consolidated Financial Statements and related disclosures upon adoption in January of 2024. Accounting Standards Issued but Not Yet Adopted In November 2023, the FASB issued ASU 2023-07: Improvements to Reportable Segment Disclosures. The new guidance requires additional disclosures around significant segment expenses and the chief operating decision maker. The guidance is effective for fiscal years beginning after December 15, 2023 and interim periods with fiscal years beginning after December 15, 2024. The Company is in the process of evaluating the requirements of the update, which is expected to result in expanded disclosures upon adoption. In December 2023, the FASB issued ASU 2023-09: Income Taxes (Topic 740) – Improvements to Income Tax Disclosures. The new guidance requires additional disclosures relating to the tax rate reconciliation and the income taxes paid information. The guidance is effective for fiscal years beginning after December 15, 2024. The Company is in the process of evaluating the requirements of the update, which is expected to result in expanded disclosures upon adoption.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 or December 31, 2023. 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 and contractual servicing fee 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. As of March 31, 2023, the investment securities were classified as available for sale. The investments securities were subsequently transferred to the trading classification during 2023 due to the intent and frequency of purchases and sales. Non-mortgage loans held for sale: Non-mortgage loans held for sale are personal loans, including solar loans. 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 of the consolidated CFE : Assets and liabilities represent non-mortgage loans and investment debt certificates at the consolidated CFE, respectively. The Company has elected the fair value option and to measure both the assets and liabilities of the consolidated CFE using the more observable of the fair value of the financial assets or the fair value of the financial liabilities. The Company determined inputs to the fair value measurement of the financial assets to be more observable. The fair value of the assets and liabilities of the consolidated CFE are determined using an internal valuation model that calculates the present value of estimated net future cash flows and are classified as Level 3. The net equity in the consolidated CFE represents the fair value of the Company’s beneficial interest in the entity. 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 nine months ended September 30, 2024 or the year ended December 31, 2023. Level 1 Level 2 Level 3 Total Balance at September 30, 2024 Assets: Mortgage loans held for sale (1) $ — $ 10,681,964 $ 296,295 $ 10,978,259 IRLCs — — 228,204 228,204 MSRs — — 6,810,667 6,810,667 Forward commitments — 7,655 — 7,655 Investment securities (2) — 41,105 — 41,105 Non-mortgage loans held for sale (2) — — 250,881 250,881 Assets of the consolidated CFE (3) — — 61,107 61,107 Total assets $ — $ 10,730,724 $ 7,647,154 $ 18,377,878 Liabilities: Forward commitments $ — $ 62,991 $ — $ 62,991 Liabilities of the consolidated CFE (3) — — 51,030 51,030 Total liabilities $ — $ 62,991 $ 51,030 $ 114,021 Balance at December 31, 2023 Assets: Mortgage loans held for sale (1) $ — $ 6,103,714 $ 438,518 $ 6,542,232 IRLCs — — 132,870 132,870 MSRs — — 6,439,787 6,439,787 Forward commitments — 26,614 — 26,614 Investment securities (2) — 39,518 — 39,518 Non-mortgage loans held for sale (2) — — 163,018 163,018 Total assets $ — $ 6,169,846 $ 7,174,193 $ 13,344,039 Liabilities: Forward commitments $ — $ 142,988 $ — $ 142,988 Total liabilities $ — $ 142,988 $ — $ 142,988 (1) As of September 30, 2024 and December 31, 2023, $138.7 million and $195.6 million of unpaid principal balance of the level 3 mortgage loans held for sale were 90 days or more delinquent and were considered in non-accrual status. (2) These are included in Other assets on the Condensed Consolidated Balance Sheets. (3) Asset and Liabilities of the consolidated CFE are included in Other assets and Other liabilities, respectively, on the Condensed Consolidated Balance Sheets. These financial instruments transferred into Level 3 during the three months ended September 30, 2024. The following tables present the quantitative information about material recurring Level 3 fair value financial instruments and the fair value measurements as of: September 30, 2024 December 31, 2023 Unobservable Input Range Weighted Average Range Weighted Average Mortgage loans held for sale Model pricing 70% - 103% 90 % 68% - 100% 87 % IRLCs Pull-through probability 0% - 100% 75 % 0% - 100% 72 % MSRs Discount rate 9.5% - 12.5% 9.9 % 9.5% - 12.5% 9.9 % Conditional prepayment rate 6.7% - 20.8% 8.1 % 6.6% - 37.0% 7.5 % Non-mortgage loans held for sale Discount rate 0.0% - 9.3% 7.5 % 8.5% - 9.3% 8.6 % The table below presents a reconciliation of Level 3 assets measured at fair value on a recurring basis for the three and nine months ended September 30, 2024 and 2023. 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 June 30, 2024 $ 351,853 $ 170,381 $ 269,460 Transfers in (1) 104,668 — 72,406 Transfers out/principal reductions (1) (169,435) — (91,071) Net transfers and revaluation gains — 57,823 — Total gains included in Net (loss) income for assets held at the end of the reporting date 9,209 — 86 Balance at September 30, 2024 $ 296,295 $ 228,204 $ 250,881 Balance at June 30, 2023 $ 632,378 $ 127,690 $ 78,490 Transfers in (1) 180,127 — 46,513 Transfers out/principal reductions (1) (276,249) — — Net transfers and revaluation losses — (35,122) — Total losses included in Net (loss) income for assets held at the end of the reporting date (34,011) — (2,032) Balance at September 30, 2023 $ 502,245 $ 92,568 $ 122,971 Balance at December 31, 2023 $ 438,518 $ 132,870 $ 163,018 Transfers in (1) 322,404 — 236,845 Transfers out/principal reductions (1) (464,972) — (147,479) Net transfers and revaluation gains — 95,334 — Total gains (losses) included in Net (loss) income for assets held at the end of the reporting date 345 — (1,503) Balance at September 30, 2024 $ 296,295 $ 228,204 $ 250,881 Balance at December 31, 2022 $ 1,082,730 $ 90,635 $ — Transfers in (1) 588,894 — 125,756 Transfers out/principal reductions (1) (1,093,226) — — Net transfers and revaluation gains — 1,933 — Total losses included in Net (loss) income for assets held at the end of the reporting date (76,153) — (2,785) Balance at September 30, 2023 $ 502,245 $ 92,568 $ 122,971 (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 or transferred to third parties and loans paid in full. Fair Value Option The following is the estimated fair value and 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 September 30, 2024 Mortgage loans held for sale $ 10,978,259 $ 10,737,510 $ 240,749 Non-mortgage loans held for sale $ 250,881 $ 257,938 $ (7,057) Balance at December 31, 2023 Mortgage loans held for sale $ 6,542,232 $ 6,418,082 $ 124,150 Non-mortgage loans held for sale $ 163,018 $ 168,573 $ (5,555) (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 on the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss), 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: September 30, 2024 December 31, 2023 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Senior Notes, due 10/15/2026 $ 1,145,430 $ 1,104,184 $ 1,143,716 $ 1,064,520 Senior Notes, due 1/15/2028 61,563 59,192 61,463 60,469 Senior Notes, due 3/1/2029 745,572 705,038 744,819 679,455 Senior Notes, due 3/1/2031 1,241,325 1,153,813 1,240,311 1,105,088 Senior Notes, due 10/15/2033 843,667 760,929 843,139 725,458 Total Senior Notes, net $ 4,037,557 $ 3,783,156 $ 4,033,448 $ 3,634,990

Mortgage Servicing Rights

Mortgage Servicing Rights	9 Months Ended
	Sep. 30, 2024
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 and contractual servicing fee income, among others. The following table summarizes changes to the MSR assets: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Fair value, beginning of period $ 7,162,690 $ 6,443,632 $ 6,439,787 $ 6,946,940 MSRs originated 337,702 330,627 906,044 850,027 MSRs sales (104,206) (221,893) (229,945) (897,894) MSRs purchases 310,536 103,115 641,774 103,115 Changes in fair value (1) : Due to changes in valuation model inputs or assumptions (681,955) 212,128 (379,598) 239,821 Due to collection/realization of cash flows (214,100) (189,444) (567,395) (563,844) Total changes in fair value (896,055) 22,684 (946,993) (324,023) Fair value, end of period $ 6,810,667 $ 6,678,165 $ 6,810,667 $ 6,678,165 (1) Reflects changes in market interest rates and assumptions, including discount rates and prepayment speeds, and the effects of contractual prepayment protection associated with sales or purchases of MSRs. It 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 or purchases of MSRs. The Company retains the right to service a majority of these loans upon sale through ownership of servicing rights. The total UPB of mortgage loans serviced, excluding subserviced loans, at September 30, 2024 and December 31, 2023 was $512,980,084 and $468,237,971, respectively. The portfolio primarily consists of high-quality performing agency and government (FHA and VA) loans. As of September 30, 2024 and December 31, 2023, delinquent loans (defined as 60-plus days past-due) were 1.40% and 1.23%, respectively, of our total portfolio. During the three and nine months ended September 30, 2023, the Company sold excess servicing cash flows on certain agency loans for total proceeds of $136,916 and $383,694, respectively. 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: September 30, 2024 December 31, 2023 Discount rate 9.9 % 9.9 % Prepayment speeds 8.1 % 7.5 % Life (in years) 7.52 7.83 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 sensitivity analysis shows the potential impact on the fair value of the Company’s MSRs based on hypothetical changes in key assumptions, including the discount rate and prepayment speeds: Discount Rate Prepayment Speeds 100 BPS Adverse Change 200 BPS Adverse Change 10% Adverse Change 20% Adverse Change September 30, 2024 Mortgage servicing rights $ (278,645) $ (535,114) $ (219,731) $ (408,685) December 31, 2023 Mortgage servicing rights $ (279,493) $ (536,573) $ (183,254) $ (356,871)

Mortgage Loans Held for Sale

Mortgage Loans Held for Sale	9 Months Ended
	Sep. 30, 2024
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. Mortgage loans held for sale are loans originated that are expected to be sold into the secondary market. Below is a roll forward of the activity in mortgage loans held for sale: Nine Months Ended September 30, 2024 2023 Balance at the beginning of period $ 6,542,232 $ 7,343,475 Disbursements of mortgage loans held for sale 72,075,853 61,002,673 Proceeds from sales of mortgage loans held for sale (68,853,271) (60,919,447) Gain on sale of mortgage loans excluding fair value of other financial instruments, net (1) 1,213,445 585,851 Balance at the end of period $ 10,978,259 $ 8,012,552 (1) The Gain on sale of loans excluding fair value of originated MSRs, net on the Condensed Consolidated Statements of Cash Flows includes income related to non-mortgage loans, interest rate lock commitments, forward commitments and provision 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 minimal as it holds the loans for a short period of time, which for the nine months ended September 30, 2024 is generally less than 45 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	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Borrowings	Borrowings The Company maintains various funding facilities, financing facilities and unsecured senior notes, 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 funding 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 September 30, 2024 and December 31, 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 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 mortgage loan funding facility 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 September 30, 2024 Outstanding Balance as of December 31, 2023 Mortgage Loan funding: 1) Master Repurchase Agreement (1)(12) Mortgage loans held for sale (11) 11/27/2024 1,000,000 100,000 900,686 397,265 2) Master Repurchase Agreement (12) Mortgage loans held for sale (11) 8/1/2026 1,000,000 — 753,655 429,976 3) Master Repurchase Agreement (2)(12) Mortgage loans held for sale (11) 7/25/2025 1,500,000 250,000 362,523 552,079 4) Master Repurchase Agreement (3)(12) Mortgage loans held for sale (11) 9/8/2025 1,000,000 250,000 967,577 547,016 5) Master Repurchase Agreement (4)(12) Mortgage loans held for sale (11) 11/6/2025 1,500,000 250,000 269,449 106,063 6) Master Repurchase Agreement (5)(12) Mortgage loans held for sale (11) N/A N/A N/A — 241,574 7) Master Repurchase Agreement (6)(12) Mortgage loans held for sale (11) 9/26/2025 800,000 100,000 772,127 507,302 8) Master Repurchase Agreement (12) Mortgage loans held for sale (11) 5/6/2026 1,000,000 100,000 961,212 — 9) Master Repurchase Agreement (7)(12) Mortgage loans held for sale (11) 5/29/2026 2,000,000 250,000 696,261 — 10) Master Repurchase Agreement (12) Mortgage loans held for sale (11) 6/12/2026 750,000 — 729,454 — 11) Master Repurchase Agreement (8)(12) Mortgage loans held for sale (11) N/A N/A N/A N/A N/A $ 10,550,000 $ 1,300,000 $ 6,412,944 $ 2,781,275 Mortgage Loan Early Funding: 12) Early Funding Facility (9)(12) Mortgage loans held for sale (11) (9) $ 5,000,000 $ — $ 1,208,589 $ 286,594 13) Early Funding Facility (10)(12) Mortgage loans held for sale (11) (10) 2,000,000 — 712,110 183,414 7,000,000 — 1,920,699 470,008 Total Mortgage Funding Facilities $ 17,550,000 $ 1,300,000 $ 8,333,643 $ 3,251,283 Personal Loan funding: 14) Revolving Credit and Security Agreement (12) Personal loans held for sale 1/30/2025 $ 175,000 $ 175,000 $ 165,400 $ 116,100 Total Funding Facilities $ 17,725,000 $ 1,475,000 $ 8,499,043 $ 3,367,383 (1) This facility has an overall line size of $1,000,000. Subsequent to September 30, 2024, this facility was amended to include a $150,000 sublimit for early buy out financing; capacity is fully fungible and is not restricted by these allocations. (2) 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 September 30, 2024, this facility was extended to October 27, 2025. (3) Subsequent to September 30, 2024, this facility was increased to $2,500,000 with $250,000 committed and extended to October 1, 2026. (4) 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. (5) This facility was voluntarily paid off and terminated in August 2024. (6) Subsequent to September 30, 2024, this facility was extended to October 2, 2026. (7) This facility is a sublimit of Financing Facility 6 , found below in Financing Facilities . Refer to Subfootnote 4 , Financing Facilities for additional details regarding this facility. (8) Subsequent to September 30, 2024, the Company entered into a new Master Repurchase Agreement. The new facility has an overall line size of $1,000,000 with $200,000 committed, maturing on October 2, 2026. (9) This facility is an evergreen agreement with no stated termination or expiration date. This agreement can be terminated by either party upon written notice. (10) 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. (11) 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. (12) The interest rates charged by lenders on funding facilities included the applicable base rate Financing Facilities Facility Type Collateral Maturity Line Amount Committed Line Amount Outstanding Balance as of September 30, 2024 Outstanding Balance as of December 31, 2023 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 (6) — 7/2/2027 1,150,000 1,150,000 — — 4) MSR line of credit (2)(6) MSRs 11/8/2024 500,000 — — — 5) MSR line of credit (3)(6) MSRs 11/6/2025 1,500,000 250,000 — — $ 5,250,000 $ 1,400,000 $ — $ — Early Buyout Financing Facility 6) Early buy out facility (4)(6) Loans/ Advances 5/29/2026 $ 2,000,000 $ 250,000 $ 106,863 $ 203,208 7) Early buy out facility ( 5 )(6) Loans/ Advances N/A N/A N/A — — $ 2,000,000 $ 250,000 $ 106,863 $ 203,208 (1) Refer to Note 6, Transactions with Related Parties for additional details regarding this unsecured line of credit. (2) Subsequent to September 30, 2024, this facility was extended to November 7, 2025. (3) This facility is a sublimit of Master Repurchase Agreement 5, found above in Mortgage Funding Facilities. Refer to Subfootnote 4, Mortgage Funding Facilities for additional details regarding this financing facility. (4) This facility has an overall line size of $2,000,000. This facility also includes a $2,000,000 sublimit for newly originated mortgage loans held for sale; capacity is fully fungible and is not restricted by these allocations. (5) This facility is a sublimit of Master Repurchase Agreement 1 , found above in Mortgage Funding Facilities . Refer to Subfootnote 1, Mortgage Funding Facilities for additional details regarding this financing facility. (6) The interest rates charged by lenders on the financing facilities included the applicable base rate Unsecured Senior Notes Facility Type Maturity Interest Rate Outstanding Principal September 30, 2024 Outstanding Principal December 31, 2023 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 $4,570 and $6,284 as of September 30, 2024 and December 31, 2023, 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 $230 and $192 as of September 30, 2024, respectively, and $285 and $237, as of December 31, 2023, 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 $4,428 and $5,181 as of September 30, 2024 and December 31, 2023, 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 $8,675 and $9,689 as of September 30, 2024 and December 31, 2023, 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 $6,333 and $6,861 as of September 30, 2024 and December 31, 2023, respectively. Refer to Note 2, Fair Value Measurements for information pertaining to the fair value of the Company’s debt as of September 30, 2024 and December 31, 2023.

Transactions with Related Parti

Transactions with Related Parties	9 Months Ended
	Sep. 30, 2024
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 RHI and RTI are parties to a surplus debenture, effective as of December 28, 2015, and as further amended and restated on July 31, 2023 (the “RHI/RTI Debenture”), pursuant to which RTI is indebted to RHI for an aggregate principal amount of $21,500. The RHI/RTI Debenture matures on December 31, 2030. Interest under the RHI/RTI Debenture accrues at an annual rate of 8%. Principal and interest under the RHI/RTI Debenture are due and payable quarterly, in each case subject to RTI 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/RTI Debenture. RTI repaid an aggregate of $429 and $250 for the three months ended September 30, 2024 and 2023, respectively, and $1,291 and $750 for the nine months ended September 30, 2024 and 2023, respectively. The total amount of interest accrued was $434 for the three months ended September 30, 2024 and 2023, and $1,291 and $1,286 for the nine months ended September 30, 2024 and 2023, respectively. The aggregate amount due to RHI was $30,264 as of September 30, 2024 and December 31, 2023. 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 The Notes receivable and due from affiliates was $15,226 and $19,530 as of September 30, 2024 and December 31, 2023, respectively. The Notes payable and due to affiliates was $30,511 and $31,006 as of September 30, 2024 and December 31, 2023, respectively. Services, Products and Other Transactions We have entered into transactions and agreements to provide certain services to Related Parties. We recognized revenue of $1,450 and $2,318 for the three months ended September 30, 2024 and 2023, respectively and $4,710 and $7,184 for the nine months ended September 30, 2024 and 2023, respectively, for the performance of these services, which was included in Other income on the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss). We have also entered into transactions and agreements to purchase certain services, products and other transactions from Related Parties. We incurred expenses of $801 and $556, which are included in Salaries, commissions and team member benefits; $13,142 and $12,677, which are included in General and administrative expenses; and $2,813 and $2,637, which are included in Marketing and advertising expenses, for the three months ended September 30, 2024 and 2023, respectively, on the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss). We incurred expenses of $2,210 and $1,611, which are included in Salaries, commissions and team member benefits; $37,975 and $35,929, which are included in General and administrative expenses; and $8,115 and $9,341, which are included in Marketing and advertising expenses, for the nine months ended September 30, 2024 and 2023, respectively, on the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss). 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. 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 related to these arrangements of $18,550 and $18,934 for the three months ended September 30, 2024 and 2023, respectively and $56,848 and $55,620 for the nine months ended September 30, 2024 and 2023, respectively. These amounts are included in General and administrative expenses on the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss).

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company had an income tax benefit of $15,895 on Loss before income taxes of $497,319 and an income tax expense of $2,680 on Income before income taxes of $117,625 for the three months ended September 30, 2024 and 2023, respectively. The Company had an income tax expense of $5,878 on Loss before income taxes of $6,907 and an income tax benefit of $2,606 on Loss before income taxes of $159,992 for the nine months ended September 30, 2024 and 2023, 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 and valuation allowances for deferred tax benefits the Company does not believe are more likely than not to be realized. 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 Rocket Title Insurance Company, 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. The Company previously 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. No payment was made to the LLC Members pursuant to the Tax Receivable Agreement during the three and nine months ended September 30, 2024 and the three months ended September 30, 2023. A payment of $35,697 was made to the LLC Members pursuant to the Tax Receivable Agreement during the nine months ended September 30, 2023. 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 nine months ended September 30, 2024, Holdings paid tax distributions totaling $30 and $14,222, respectively, to holders of Holdings Units other than Rocket Companies. For the three and nine months ended September 30, 2023, Holdings paid no tax distributions to holders of Holdings Units other than Rocket Companies.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company uses forward commitments to hedge the interest rate risk exposure on certain fixed and adjustable rate commitments. Utilization of forward commitments involves some degree of basis risk. Basis risk is defined as the risk that the hedging instrument’s price does not offset the increase or decrease in the market price of the underlying financial instrument being hedged. The Company calculates an expected hedge ratio to mitigate a portion of this risk. The Company’s derivative instruments are not designated as accounting hedging instruments, and therefore, changes in fair value are recorded in current period Net (loss) income. Hedging gains and losses are included in Gain on sale of loans, net and Change in fair value of MSRs in the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss). Net hedging (losses) gains were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Hedging (losses) gains (1) $ (289,120) $ 248,213 $ (145,036) $ 349,989 (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 September 30, 2024: IRLCs, net of loan funding probability (1) $ 9,855,971 $ 228,204 $ — Forward commitments (2) $ 19,309,071 $ 7,655 $ 62,991 Balance at December 31, 2023: IRLCs, net of loan funding probability (1) $ 4,728,040 $ 132,870 $ — Forward commitments (2) $ 9,650,041 $ 26,614 $ 142,988 (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 receivable from counterparties in the Condensed Consolidated Balance Sheets. The Company had $58,405 and $66,598 of margin cash pledged to counterparties related to these forward commitments at September 30, 2024 and December 31, 2023, respectively. As of September 30, 2024 and December 31, 2023, there was $356 and $250 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 September 30, 2024: Forward commitments $ 11,240 $ (3,585) $ 7,655 Balance at December 31, 2023: Forward commitments $ 37,647 $ (11,033) $ 26,614 Offsetting of Derivative Liabilities Balance at September 30, 2024: Forward commitments $ (110,396) $ 47,405 $ (62,991) Balance at December 31, 2023: Forward commitments $ (174,545) $ 31,557 $ (142,988) 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 nine months ended September 30, 2024 and 2023.

Commitments, Contingencies and

Commitments, Contingencies and Guarantees	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and December 31, 2023 was 40 days and 41 days, respectively, on average. The UPB of IRLCs was as follows: September 30, 2024 December 31, 2023 Fixed Rate Variable Rate Fixed Rate Variable Rate IRLCs $ 12,381,454 $ 730,451 $ 6,317,330 $ 258,045 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 September 30, 2024 and December 31, 2023 was $869,159 and zero, 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 $371,025 and $226,535 of loans committed to be sold servicing released at September 30, 2024 and December 31, 2023, respectively. Investor Reserves The following presents the activity in the investor reserves: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Balance at beginning of period $ 94,362 $ 100,828 $ 92,389 $ 110,147 Provision for investor reserves 11,204 10,775 29,872 103,616 Realized losses (6,486) (16,036) (23,181) (118,196) Balance at end of period $ 99,080 $ 95,567 $ 99,080 $ 95,567 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. 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 loans held for sale. Cash held by the Company for property taxes, insurance and settlement funds for title services was $5,538,255 and $3,469,770 and for principal and interest was $3,925,863 and $2,225,625 at September 30, 2024 and December 31, 2023, 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 September 30, 2024 and December 31, 2023, the Company guaranteed the debt of a related party consisting of three separate guarantees totaling $443 and $1,770, respectively. As of September 30, 2024 and December 31, 2023, 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, through its subsidiaries, engages in, among other things, mortgage lending, title and settlement services and other financial technology services and products. 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 attorneys general; 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 September 30, 2024 and December 31, 2023, the Company has recorded reserves related to potential damages in connection with any legal proceedings of $19,500 and $15,000, respectively. The ultimate outcome of these or other proceedings, including any monetary awards against Rocket Companies or one or more of its subsidiaries, is uncertain and there can be no assurance as to the amount of any such potential awards. Rocket Companies and its subsidiaries 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 Rocket Companies or any of its subsidiaries and it or they fail to timely pay, discharge, bond or obtain a stay of execution of such judgment, it is possible that one or more of the companies 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 the business, liquidity, financial condition, cash flows and results of operations of Rocket Companies.

Regulatory Minimum Net Worth, C

Regulatory Minimum Net Worth, Capital Ratio and Liquidity Requirements	9 Months Ended
	Sep. 30, 2024
Mortgage Banking [Abstract]
Regulatory Minimum Net Worth, Capital Ratio and Liquidity Requirements	Regulatory Minimum Net Worth, Capital Ratio and Liquidity Requirements Certain secondary market investors and state regulators require the Company to maintain minimum net worth, liquidity 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 (collectively defined as “GSEs”) Seller/Servicers and Ginnie Mae (together with GSEs, the “Agencies”) for single family issuers. The effective requirements as of September 30, 2024 are listed below. Furthermore, refer to Note 5, Borrowings for additional information regarding compliance with all covenant requirements. As of September 30, 2024 and December 31, 2023, Rocket Mortgage was in compliance with these requirements. Minimum Net Worth The minimum net worth requirement for FHFA is defined as follows: • Base of $2,500 plus 25 basis points of total GSE Residential First Lien Mortgage Servicing UPB, plus 25 basis points of total non-agency single-family outstanding serving portfolio, plus 35 basis points of the Ginnie Mae total single-family effective outstanding obligations. • Adjusted/Tangible Net Worth is defined as total equity less goodwill and other intangible assets, affiliate receivables, deferred tax assets net of associated deferred tax liabilities and carrying value of pledged assets net of associated liabilities. The minimum net worth requirement for Ginnie Mae is defined as follows: • Base of $2,500, plus 35 basis points of the Ginnie Mae total single-family effective outstanding obligations, plus 25 basis points of total GSE single-family outstanding servicing portfolio balance, plus 25 basis points of total non-agency single-family outstanding serving portfolio. • Adjusted Net Worth is defined as total equity less goodwill and other intangible assets, affiliate receivables and net of associated liabilities, deferred tax assets net of associated deferred tax liabilities and valuation adjustment of certain assets. Minimum Capital Ratio The minimum capital ratio requirement for Fannie Mae and Freddie Mac is defined as follows: • For Fannie Mae and Freddie Mac, the Company is also required to hold a ratio of Adjusted/Tangible Net Worth to Total Assets greater than 6%. The minimum capital ratio requirement for Ginnie Mae is defined as follows: • For Ginnie Mae, the Company is also required to hold a ratio of Adjusted Net Worth to Total Assets greater than 6%. Ginnie Mae total assets excludes the Ginnie Mae loan eligible for repurchase. Minimum Total Liquidity The minimum liquidity requirement for Fannie Mae and Freddie Mac is defined as follows: • Base liquidity; 7 basis points of the portion of the servicing UPB for GSEs if the Company remits interest or principal, or both, as scheduled, plus 3.5 basis points of total UPB of GSE servicing if the Company remits interest and principal as actually collected, plus 3.5 basis points of our other servicing UPB, plus 10 basis points of our servicing UPB for Ginnie Mae. • Origination liquidity; plus 50 basis points of the sum of mortgage loans held for sale at lower cost or market, mortgage loans held for sale at fair value and UPB of interest rate lock commitments after fallout adjustment. • Supplemental liquidity; plus 2 basis points of our UPB serviced for GSEs, plus 5 basis points of our UPB serviced for Ginnie Mae. • Allowable assets for liquidity may include cash and cash equivalents (unrestricted), available for sale or held for trading investment grade securities (e.g., Agency MBS, Obligations of GSEs, US Treasury Obligations) and 50% of committed/unused Agency Mortgage Servicing advance lines of credit. The minimum liquidity requirement for Ginnie Mae is defined as follows: • 7 basis points of the portion of the servicing UPB for GSEs if the Company remits interest or principal, or both, as scheduled, plus 3.5 basis points of total UPB of GSE servicing if the Company remits interest and principal as actually collected, plus 3.5 basis points of our other servicing UPB, plus 10 basis points of our servicing UPB for Ginnie Mae, plus 50 basis points of the sum of loans held for sale and UPB of interest rate lock commitments after fallout adjustment. • Allowable assets for liquidity may include cash and cash equivalents (unrestricted), available for sale or held for trading investment grade securities (e.g., Agency MBS, Obligations of GSEs, US Treasury Obligations) and outstanding servicing advances. The most restrictive of the minimum net worth and capital requirements require Rocket Mortgage to maintain a minimum adjusted net worth balance of $1,500,000 as of September 30, 2024 and $1,568,586 as of December 31, 2023. As of September 30, 2024 and December 31, 2023, Rocket Mortgage was in compliance with this requirement.

Segments

Segments	9 Months Ended
	Sep. 30, 2024
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 the CODM monitors performance, allocates capital and makes strategic and operational decisions. 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 Money, Rocket Loans, Rocket Homes 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 September 30, 2024 Direct to Partner Segments All Other Total Revenues Gain on sale of loans, net $ 665,825 $ 168,159 $ 833,984 $ 10,406 $ 844,390 Interest income 58,549 50,017 108,566 — 108,566 Interest expense on funding facilities (55,068) (47,074) (102,142) 322 (101,820) Servicing fee income 372,363 — 372,363 1,433 373,796 Changes in fair value of MSRs (878,311) — (878,311) — (878,311) Other income 167,794 5,795 173,589 126,738 300,327 Total U.S. GAAP Revenue, net 331,152 176,897 508,049 138,899 646,948 Change in fair value of MSRs due to valuation assumptions, net of hedges 676,073 — 676,073 — 676,073 Adjusted revenue 1,007,225 176,897 1,184,122 138,899 1,323,021 Less: Directly attributable expenses 551,248 64,611 615,859 85,446 701,305 Contribution margin $ 455,977 $ 112,286 $ 568,263 $ 53,453 $ 621,716 Nine Months Ended September 30, 2024 Direct to Partner Segments All Other Total Revenues Gain on sale of loans, net $ 1,783,221 $ 486,686 $ 2,269,907 $ 32,265 $ 2,302,172 Interest income 167,237 142,724 309,961 — 309,961 Interest expense on funding facilities (126,430) (108,126) (234,556) — (234,556) Servicing fee income 1,070,022 — 1,070,022 4,197 1,074,219 Changes in fair value of MSRs (934,744) — (934,744) — (934,744) Other income 447,048 13,731 460,779 353,555 814,334 Total U.S. GAAP Revenue, net 2,406,354 535,015 2,941,369 390,017 3,331,386 Change in fair value of MSRs due to valuation assumptions, net of hedges 383,036 — 383,036 — 383,036 Adjusted revenue 2,789,390 535,015 3,324,405 390,017 3,714,422 Less: Directly attributable expenses 1,615,101 182,061 1,797,162 263,187 2,060,349 Contribution margin $ 1,174,289 $ 352,954 $ 1,527,243 $ 126,830 $ 1,654,073 Three Months Ended September 30, 2023 Direct to Partner Segments All Other Total Revenues Gain on sale of loans, net $ 460,559 $ 102,088 $ 562,647 $ 9,476 $ 572,123 Interest income 50,644 43,404 94,048 (180) 93,868 Interest expense on funding facilities (36,124) (30,836) (66,960) (99) (67,059) Servicing fee income 342,719 — 342,719 1,342 344,061 Changes in fair value of MSRs 12,765 — 12,765 — 12,765 Other income 153,868 3,431 157,299 90,111 247,410 Total U.S. GAAP Revenue, net 984,431 118,087 1,102,518 100,650 1,203,168 Change in fair value of MSRs due to valuation assumptions, net of hedges (201,248) — (201,248) — (201,248) Adjusted revenue 783,183 118,087 901,270 100,650 1,001,920 Less: Directly attributable expenses 479,307 59,686 538,993 95,974 634,967 Contribution margin $ 303,876 $ 58,401 $ 362,277 $ 4,676 $ 366,953 Nine Months Ended September 30, 2023 Direct to Consumer Partner Network Segments Total All Other Total Revenues Gain on sale of loans, net $ 1,326,953 $ 282,662 $ 1,609,615 $ 26,540 $ 1,636,155 Interest income 134,250 107,119 241,369 — 241,369 Interest expense on funding facilities (89,516) (71,916) (161,432) (251) (161,683) Servicing fee income 1,050,264 — 1,050,264 3,773 1,054,037 Changes in fair value of MSRs (343,137) — (343,137) — (343,137) Other income 426,542 11,245 437,787 240,935 678,722 Total U.S. GAAP Revenue, net 2,505,356 329,110 2,834,466 270,997 3,105,463 Change in fair value of MSRs due to valuation assumptions, net of hedges (219,746) — (219,746) — (219,746) Adjusted revenue 2,285,610 329,110 2,614,720 270,997 2,885,717 Less: Directly attributable expenses 1,514,113 191,470 1,705,583 242,409 1,947,992 Contribution margin $ 771,497 $ 137,640 $ 909,137 $ 28,588 $ 937,725 The following table represents a reconciliation of segment contribution margin to consolidated U.S. GAAP (Loss) income before income taxes for the three and nine months ended: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Contribution margin, excluding change in MSRs due to valuation assumptions $ 621,716 $ 366,953 $ 1,654,073 $ 937,725 Change in fair value of MSRs due to valuation assumptions, net of hedges (676,073) 201,248 (383,036) 219,746 Contribution margin, including change in MSRs due to valuation assumptions (54,357) 568,201 1,271,037 1,157,471 Less expenses not allocated to segments : Salaries, commissions and team member benefits 219,730 240,186 617,329 683,713 General and administrative expenses 140,143 142,110 408,994 430,818 Depreciation and amortization 28,607 27,636 83,633 83,678 Interest and amortization expense on non-funding debt 38,620 38,354 115,349 115,021 Other expenses 15,862 2,290 52,639 4,233 (Loss) income before income taxes $ (497,319) $ 117,625 $ (6,907) $ (159,992)

Non-controlling Interest

Non-controlling Interest	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and December 31, 2023: September 30, 2024 December 31, 2023 Holdings Units Ownership Percentage Holdings Units Ownership Percentage Rocket Companies, Inc.'s ownership of Holdings Units 144,920,227 7.27 % 135,814,173 6.84 % 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 92.67 % 1,847,777,661 93.10 % Balance at end of period 1,993,799,710 100.00 % 1,984,693,656 100.00 % 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. During the periods presented, neither our Chairman nor RHI has exchanged any Paired Interests.

Share-based Compensation

Share-based Compensation	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-based Compensation	Share-based Compensation Restricted stock units ("RSUs"), performance stock units ("PSUs") 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 1,100,000 and 13,500,000 RSUs with an estimated future expense of $22,500 and $180,300 during the three and nine months ended September 30, 2024, respectively. These awards generally vest semi-annually over a three-year period, subject to the grantee’s employment or service with the Company through each applicable vesting date. Additionally, the Company authorized approximately 1,100,000 PSUs at target during the nine months ended September 30, 2024, that will vest based on the satisfaction of certain market, performance and service conditions. A portion of the PSUs will cliff vest at the end of a three-year period based on the satisfaction of certain market and service conditions. The fair value of the award is determined based on a Monte Carlo valuation model. The remaining portion of the PSUs will cliff vest at the end of a three-year period based on the satisfaction of certain performance and service conditions, which will be established by the Company at a future date. The Company has determined that the service inception date precedes the grant date and the fair value of these awards will be remeasured quarterly based on the current period share price until the awards are granted. This portion of the PSUs is not considered contingently issuable and is excluded from the calculation of earnings per share as of September 30, 2024. The Company has an employee stock purchase plan, 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 434,822 and 802,759, during the three months ended September 30, 2024 and 2023, respectively and 1,685,807 and 2,475,858 for the nine months ended September 30, 2024 and 2023, respectively. Additionally, 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Rocket Companies, Inc. sponsored plans Restricted stock units $ 36,440 $ 37,722 $ 101,841 $ 121,889 Performance stock units 2,091 — 3,975 — Stock options 15 2,877 45 18,925 Team Member Stock Purchase Plan 1,284 1,122 3,748 3,391 Subtotal Rocket Companies, Inc. sponsored plans $ 39,830 $ 41,721 $ 109,609 $ 144,205 Subsidiary plans 98 371 316 543 Total share-based compensation expense $ 39,928 $ 42,092 $ 109,925 $ 144,748

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	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. RSUs and PSUs 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 (loss) income 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 (loss) income 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 September 30, 2024 or 2023. See Note 12, Non-controlling Interest for a description of Paired Interests and their potential impact on Class A and Class B share ownership. Diluted earnings per share reflects the dilutive effect of potential common shares from share-based awards and Class D common stock. The treasury stock method is used to calculate the dilutive effect of outstanding share-based awards, which assumes the proceeds upon vesting or exercise of awards would be used to purchase common stock at the average price for the period. The if-converted method is used to calculate the dilutive effect of converting Class D common stock to Class A common stock. The following table sets forth the calculation of the basic and diluted earnings per share for the period: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net (loss) income $ (481,424) $ 114,945 $ (12,785) $ (157,386) Net loss (income) attributable to non-controlling interest 459,413 (108,739) 8,284 152,507 Net (loss) income attributable to Rocket Companies $ (22,011) $ 6,206 $ (4,501) $ (4,879) Numerator: Net (loss) income attributable to Class A common shareholders - basic $ (22,011) $ 6,206 $ (4,501) $ (4,879) Add: Reallocation of Net (loss) income attributable to dilutive impact of pro-forma conversion of Class D shares to Class A shares (1) (350,140) 82,585 — (115,420) Add: Reallocation of Net (loss) income attributable to dilutive impact of share-based compensation awards (2) (2,357) 255 — (207) Net (loss) income attributable to Class A common shareholders - diluted $ (374,508) $ 89,046 $ (4,501) $ (120,506) Denominator: Weighted average shares of Class A common stock outstanding - basic 141,763,221 129,390,501 139,475,981 126,971,718 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 Add: Dilutive impact of share-based compensation awards (3) 12,653,811 5,722,366 — 3,352,781 Weighted average shares of Class A common stock outstanding - diluted 2,003,296,515 1,983,992,350 139,475,981 1,979,203,982 (Loss) earnings per share of Class A common stock outstanding - basic $ (0.16) $ 0.05 $ (0.03) $ (0.04) (Loss) earnings per share of Class A common stock outstanding - diluted $ (0.19) $ 0.04 $ (0.03) $ (0.06) (1) Net (loss) income is calculated using the estimated annual effective tax rate of Rocket Companies, Inc. (2) Reallocation of Net (loss) income attributable to dilutive impact of share-based compensation awards for the three months ended September 30, 2024 and 2023 comprised of $(2,234) and $252 related to RSUs, $(111) and zero related to PSUs, $(5) and zero related to stock options and $(7) and $2 related to TMSPP, respectively. Reallocation of Net (loss) income attributable to dilutive impact of share-based compensation awards for the nine months ended September 30, 2024 and 2023 comprised of zero and $(200) related to RSUs and zero and $(7) related to TMSPP, respectively. (3) Dilutive impact of share-based compensation awards for the three months ended September 30, 2024 and 2023 comprised of 11,995,156 and 5,668,240 related to RSUs, 593,285 and zero related to PSUs, 27,123 and zero related to stock options and 38,247 and 54,126 related to TMSPP, respectively. Dilutive impact of share-based compensation awards for the nine months ended September 30, 2024 and 2023 comprised of zero and 3,244,244 related to RSUs and zero and 108,537 related to TMSPP, respectively. A portion of the Company RSUs, stock options, PSUs and shares issuable under the TMSPP were excluded from the computation of diluted earnings per share as the weighted portion for the period they were outstanding was determined to have an anti-dilutive effect. RSUs excluded from the computation for the three months ended September 30, 2024 and 2023 were 1,140,223 and 8,285,164, respectively. Stock options excluded from the computation for the three months ended September 30, 2024 and 2023 were 14,757,544 and 18,673,390, respectively. RSUs excluded from the computation for the nine months ended September 30, 2024 and 2023 were 23,251,181 and 9,755,719, respectively. Stock options excluded from the computation for the nine months ended September 30, 2024 and 2023 were 14,817,544 and 18,673,390, respectively. PSUs excluded from the computation for the nine months ended September 30, 2024 and 2023 were 1,055,408 and zero, respectively. Shares issuable under the TMSPP excluded from the computation for the nine months ended September 30, 2024 and 2023 were 76,490 and zero. For the nine months ended September 30, 2024, 1,848,879,483 Holdings Units were outstanding, together with a corresponding number of shares of our Class D common stock, which were exchangeable, at our option, for shares of our Class A common stock. After evaluating the potential dilutive effect under the if-converted method, the outstanding Holdings Units for the assumed exchange of non-controlling interests were determined to be anti-dilutive and thus were excluded from the computation of diluted earnings per share. The Holding Units were dilutive for the three months ended September 30, 2024 and the three and nine months ended September 30, 2023 and therefore included in the earnings per share calculation.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (22,011)	$ 6,206	$ (4,501)	$ (4,879)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Business, Basis of Presentati_2

Business, Basis of Presentation and Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
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 (loss) income is allocated to Net loss (income) attributable to non-controlling interest. For further details, refer below to Variable Interest Entities and Note 12 , Non-controlling Interest. For further details on the Company's other consolidated VIE, refer below to Variable Interest Entities . 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 trading 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. For further details of the Company's transactions refer to Note 2, Fair Value Measurements.
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, 2023, 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. Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. 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 Estimates
Subsequent Events	Subsequent Events
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. Loan servicing (loss) 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. Refer to Note 3, Mortgage Servicing Rights for information related to the gain/(loss) on changes in the fair value of MSRs. 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 (“UPB”) outstanding. The accrual of interest income is generally discontinued when a loan becomes 90 days past due. Other income — is derived primarily from deposit income, personal finance subscription revenue, closing fees, net appraisal revenue, net title insurance fees, personal loans business, real estate network referral fees and professional service fees. The following significant revenue streams fall within the scope of ASC Topic 606 — Revenue from Contracts with Customers and are disaggregated hereunder. The remaining revenue streams within the scope of ASC 606 are immaterial, both individually and in aggregate. 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 $65,950 and $46,448 for the three months ended September 30, 2024 and 2023, respectively and $192,119 and $128,627 for the nine months ended September 30, 2024 and 2023, 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 $29,231 and $21,172 for the three months ended September 30, 2024 and 2023, respectively and $75,057 and $59,470 for the nine months ended September 30, 2024 and 2023, 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 was $9,222 and $8,279 for the three months ended September 30, 2024 and 2023, respectively and $27,552 and $33,098 for the nine months ended September 30, 2024 and 2023, 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 were $14,363 and $16,841 for the three months ended September 30, 2024 and 2023, respectively and $40,657 and $37,588 for the nine months ended September 30, 2024 and 2023, 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. Restricted cash as of September 30, 2024 and 2023 consisted of cash on deposit for a repurchase facility, client application deposits, title premiums collected from the insured that are due to the underwriter, and principal and interest received in collection accounts for purchased assets.
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 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 . 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. 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 September 30, 2024. During the quarter ended September 30, 2024, a subsidiary of the Company transferred assets to a trust for which the Company holds a variable interest. Management concluded the Company has power to direct activities impacting the trust’s economic performance and therefore is a consolidated VIE in accordance with ASC 810, Consolidation . The Company has elected to account for the assets and liabilities of the VIE as a collateralized financing entity (“CFE”). A CFE is a VIE that holds financial assets, issues beneficial interests in those assets and has no more than nominal equity. The related assets are not available for general use by the Company and creditors have no recourse to the Company for the related liabilities.
Recently Adopted Accounting Standards and Accounting Standards Issued but Not Yet Adopted	Recently Adopted Accounting Standards In March 2023, the FASB issued ASU 2023-01: Leases (Topic 842) – Common Control Arrangements. The new guidance requires all lessees in a lease with a lessor under common control to amortize leasehold improvements over the useful life of the common control group and provides new guidance for recognizing a transfer of assets between entities under common control as an adjustment to equity when the lessee no longer controls the use of the underlying asset. This guidance is effective for fiscal years beginning after December 15, 2023. There was no impact to the Company’s Consolidated Financial Statements and related disclosures upon adoption in January of 2024. Accounting Standards Issued but Not Yet Adopted In November 2023, the FASB issued ASU 2023-07: Improvements to Reportable Segment Disclosures. The new guidance requires additional disclosures around significant segment expenses and the chief operating decision maker. The guidance is effective for fiscal years beginning after December 15, 2023 and interim periods with fiscal years beginning after December 15, 2024. The Company is in the process of evaluating the requirements of the update, which is expected to result in expanded disclosures upon adoption. In December 2023, the FASB issued ASU 2023-09: Income Taxes (Topic 740) – Improvements to Income Tax Disclosures. The new guidance requires additional disclosures relating to the tax rate reconciliation and the income taxes paid information. The guidance is effective for fiscal years beginning after December 15, 2024. The Company is in the process of evaluating the requirements of the update, which is expected to result in expanded disclosures upon adoption.
Fair Value Measurements	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 September 30, 2024 or December 31, 2023. 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 and contractual servicing fee 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. As of March 31, 2023, the investment securities were classified as available for sale. The investments securities were subsequently transferred to the trading classification during 2023 due to the intent and frequency of purchases and sales. Non-mortgage loans held for sale: Non-mortgage loans held for sale are personal loans, including solar loans. 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 of the consolidated CFE : Assets and liabilities represent non-mortgage loans and investment debt certificates at the consolidated CFE, respectively. The Company has elected the fair value option and to measure both the assets and liabilities of the consolidated CFE using the more observable of the fair value of the financial assets or the fair value of the financial liabilities. The Company determined inputs to the fair value measurement of the financial assets to be more observable. The fair value of the assets and liabilities of the consolidated CFE are determined using an internal valuation model that calculates the present value of estimated net future cash flows and are classified as Level 3. The net equity in the consolidated CFE represents the fair value of the Company’s beneficial interest in the entity.
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 and contractual servicing fee income, 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	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. The Company previously 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. Tax Distributions
Derivative Financial Instruments	The Company uses forward commitments to hedge the interest rate risk exposure on certain fixed and adjustable rate commitments. Utilization of forward commitments involves some degree of basis risk. Basis risk is defined as the risk that the hedging instrument’s price does not offset the increase or decrease in the market price of the underlying financial instrument being hedged. The Company calculates an expected hedge ratio to mitigate a portion of this risk. The Company’s derivative instruments are not designated as accounting hedging instruments, and therefore, changes in fair value are recorded in current period Net (loss) income. Hedging gains and losses are included in Gain on sale of loans, net and Change in fair value of MSRs in the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss).
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. RSUs and PSUs 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.

Business, Basis of Presentati_3

Business, Basis of Presentation and Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Cash and Cash Equivalents	September 30, 2024 2023 Cash and cash equivalents $ 1,228,234 $ 957,254 Restricted cash 20,363 34,668 Total cash, cash equivalents and restricted cash in the statement of cash flows $ 1,248,597 $ 991,922
Schedule of Restrictions on Cash and Cash Equivalents	September 30, 2024 2023 Cash and cash equivalents $ 1,228,234 $ 957,254 Restricted cash 20,363 34,668 Total cash, cash equivalents and restricted cash in the statement of cash flows $ 1,248,597 $ 991,922

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
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 nine months ended September 30, 2024 or the year ended December 31, 2023. Level 1 Level 2 Level 3 Total Balance at September 30, 2024 Assets: Mortgage loans held for sale (1) $ — $ 10,681,964 $ 296,295 $ 10,978,259 IRLCs — — 228,204 228,204 MSRs — — 6,810,667 6,810,667 Forward commitments — 7,655 — 7,655 Investment securities (2) — 41,105 — 41,105 Non-mortgage loans held for sale (2) — — 250,881 250,881 Assets of the consolidated CFE (3) — — 61,107 61,107 Total assets $ — $ 10,730,724 $ 7,647,154 $ 18,377,878 Liabilities: Forward commitments $ — $ 62,991 $ — $ 62,991 Liabilities of the consolidated CFE (3) — — 51,030 51,030 Total liabilities $ — $ 62,991 $ 51,030 $ 114,021 Balance at December 31, 2023 Assets: Mortgage loans held for sale (1) $ — $ 6,103,714 $ 438,518 $ 6,542,232 IRLCs — — 132,870 132,870 MSRs — — 6,439,787 6,439,787 Forward commitments — 26,614 — 26,614 Investment securities (2) — 39,518 — 39,518 Non-mortgage loans held for sale (2) — — 163,018 163,018 Total assets $ — $ 6,169,846 $ 7,174,193 $ 13,344,039 Liabilities: Forward commitments $ — $ 142,988 $ — $ 142,988 Total liabilities $ — $ 142,988 $ — $ 142,988 (1) As of September 30, 2024 and December 31, 2023, $138.7 million and $195.6 million of unpaid principal balance of the level 3 mortgage loans held for sale were 90 days or more delinquent and were considered in non-accrual status. (2) These are included in Other assets on the Condensed Consolidated Balance Sheets. (3) Asset and Liabilities of the consolidated CFE are included in Other assets and Other liabilities, respectively, on the Condensed Consolidated Balance Sheets. These financial instruments transferred into Level 3 during the three months ended September 30, 2024.
Schedule of Quantitative Information About Fair Value Measurements of Level 3 Financial Instruments	The following tables present the quantitative information about material recurring Level 3 fair value financial instruments and the fair value measurements as of: September 30, 2024 December 31, 2023 Unobservable Input Range Weighted Average Range Weighted Average Mortgage loans held for sale Model pricing 70% - 103% 90 % 68% - 100% 87 % IRLCs Pull-through probability 0% - 100% 75 % 0% - 100% 72 % MSRs Discount rate 9.5% - 12.5% 9.9 % 9.5% - 12.5% 9.9 % Conditional prepayment rate 6.7% - 20.8% 8.1 % 6.6% - 37.0% 7.5 % Non-mortgage loans held for sale Discount rate 0.0% - 9.3% 7.5 % 8.5% - 9.3% 8.6 %
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 nine months ended September 30, 2024 and 2023. 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 June 30, 2024 $ 351,853 $ 170,381 $ 269,460 Transfers in (1) 104,668 — 72,406 Transfers out/principal reductions (1) (169,435) — (91,071) Net transfers and revaluation gains — 57,823 — Total gains included in Net (loss) income for assets held at the end of the reporting date 9,209 — 86 Balance at September 30, 2024 $ 296,295 $ 228,204 $ 250,881 Balance at June 30, 2023 $ 632,378 $ 127,690 $ 78,490 Transfers in (1) 180,127 — 46,513 Transfers out/principal reductions (1) (276,249) — — Net transfers and revaluation losses — (35,122) — Total losses included in Net (loss) income for assets held at the end of the reporting date (34,011) — (2,032) Balance at September 30, 2023 $ 502,245 $ 92,568 $ 122,971 Balance at December 31, 2023 $ 438,518 $ 132,870 $ 163,018 Transfers in (1) 322,404 — 236,845 Transfers out/principal reductions (1) (464,972) — (147,479) Net transfers and revaluation gains — 95,334 — Total gains (losses) included in Net (loss) income for assets held at the end of the reporting date 345 — (1,503) Balance at September 30, 2024 $ 296,295 $ 228,204 $ 250,881 Balance at December 31, 2022 $ 1,082,730 $ 90,635 $ — Transfers in (1) 588,894 — 125,756 Transfers out/principal reductions (1) (1,093,226) — — Net transfers and revaluation gains — 1,933 — Total losses included in Net (loss) income for assets held at the end of the reporting date (76,153) — (2,785) Balance at September 30, 2023 $ 502,245 $ 92,568 $ 122,971 (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 or transferred to third parties and loans paid in full.
Schedule of Fair Value Option for Mortgage Loans Held For Sale	The following is the estimated fair value and 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 September 30, 2024 Mortgage loans held for sale $ 10,978,259 $ 10,737,510 $ 240,749 Non-mortgage loans held for sale $ 250,881 $ 257,938 $ (7,057) Balance at December 31, 2023 Mortgage loans held for sale $ 6,542,232 $ 6,418,082 $ 124,150 Non-mortgage loans held for sale $ 163,018 $ 168,573 $ (5,555) (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 on the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss), 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: September 30, 2024 December 31, 2023 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Senior Notes, due 10/15/2026 $ 1,145,430 $ 1,104,184 $ 1,143,716 $ 1,064,520 Senior Notes, due 1/15/2028 61,563 59,192 61,463 60,469 Senior Notes, due 3/1/2029 745,572 705,038 744,819 679,455 Senior Notes, due 3/1/2031 1,241,325 1,153,813 1,240,311 1,105,088 Senior Notes, due 10/15/2033 843,667 760,929 843,139 725,458 Total Senior Notes, net $ 4,037,557 $ 3,783,156 $ 4,033,448 $ 3,634,990

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	9 Months Ended
	Sep. 30, 2024
Transfers and Servicing [Abstract]
Schedule of Changes to MSR Assets	The following table summarizes changes to the MSR assets: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Fair value, beginning of period $ 7,162,690 $ 6,443,632 $ 6,439,787 $ 6,946,940 MSRs originated 337,702 330,627 906,044 850,027 MSRs sales (104,206) (221,893) (229,945) (897,894) MSRs purchases 310,536 103,115 641,774 103,115 Changes in fair value (1) : Due to changes in valuation model inputs or assumptions (681,955) 212,128 (379,598) 239,821 Due to collection/realization of cash flows (214,100) (189,444) (567,395) (563,844) Total changes in fair value (896,055) 22,684 (946,993) (324,023) Fair value, end of period $ 6,810,667 $ 6,678,165 $ 6,810,667 $ 6,678,165 (1) Reflects changes in market interest rates and assumptions, including discount rates and prepayment speeds, and the effects of contractual prepayment protection associated with sales or purchases of MSRs. It 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 or purchases 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: September 30, 2024 December 31, 2023 Discount rate 9.9 % 9.9 % Prepayment speeds 8.1 % 7.5 % Life (in years) 7.52 7.83
Schedule of Discount Rate and Prepayment Speeds at Two Different Data Points	The following sensitivity analysis shows the potential impact on the fair value of the Company’s MSRs based on hypothetical changes in key assumptions, including the discount rate and prepayment speeds: Discount Rate Prepayment Speeds 100 BPS Adverse Change 200 BPS Adverse Change 10% Adverse Change 20% Adverse Change September 30, 2024 Mortgage servicing rights $ (278,645) $ (535,114) $ (219,731) $ (408,685) December 31, 2023 Mortgage servicing rights $ (279,493) $ (536,573) $ (183,254) $ (356,871)

Mortgage Loans Held for Sale (T

Mortgage Loans Held for Sale (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Schedule of Reconciliation of Changes in Mortgage Loans Held for Sale	Below is a roll forward of the activity in mortgage loans held for sale: Nine Months Ended September 30, 2024 2023 Balance at the beginning of period $ 6,542,232 $ 7,343,475 Disbursements of mortgage loans held for sale 72,075,853 61,002,673 Proceeds from sales of mortgage loans held for sale (68,853,271) (60,919,447) Gain on sale of mortgage loans excluding fair value of other financial instruments, net (1) 1,213,445 585,851 Balance at the end of period $ 10,978,259 $ 8,012,552 (1) The Gain on sale of loans excluding fair value of originated MSRs, net on the Condensed Consolidated Statements of Cash Flows includes income related to non-mortgage loans, interest rate lock commitments, forward commitments and provision for investor reserves.

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Funding Facilities	Mortgage Funding Facilities Facility Type Collateral Maturity Line Amount Committed Line Amount Outstanding Balance as of September 30, 2024 Outstanding Balance as of December 31, 2023 Mortgage Loan funding: 1) Master Repurchase Agreement (1)(12) Mortgage loans held for sale (11) 11/27/2024 1,000,000 100,000 900,686 397,265 2) Master Repurchase Agreement (12) Mortgage loans held for sale (11) 8/1/2026 1,000,000 — 753,655 429,976 3) Master Repurchase Agreement (2)(12) Mortgage loans held for sale (11) 7/25/2025 1,500,000 250,000 362,523 552,079 4) Master Repurchase Agreement (3)(12) Mortgage loans held for sale (11) 9/8/2025 1,000,000 250,000 967,577 547,016 5) Master Repurchase Agreement (4)(12) Mortgage loans held for sale (11) 11/6/2025 1,500,000 250,000 269,449 106,063 6) Master Repurchase Agreement (5)(12) Mortgage loans held for sale (11) N/A N/A N/A — 241,574 7) Master Repurchase Agreement (6)(12) Mortgage loans held for sale (11) 9/26/2025 800,000 100,000 772,127 507,302 8) Master Repurchase Agreement (12) Mortgage loans held for sale (11) 5/6/2026 1,000,000 100,000 961,212 — 9) Master Repurchase Agreement (7)(12) Mortgage loans held for sale (11) 5/29/2026 2,000,000 250,000 696,261 — 10) Master Repurchase Agreement (12) Mortgage loans held for sale (11) 6/12/2026 750,000 — 729,454 — 11) Master Repurchase Agreement (8)(12) Mortgage loans held for sale (11) N/A N/A N/A N/A N/A $ 10,550,000 $ 1,300,000 $ 6,412,944 $ 2,781,275 Mortgage Loan Early Funding: 12) Early Funding Facility (9)(12) Mortgage loans held for sale (11) (9) $ 5,000,000 $ — $ 1,208,589 $ 286,594 13) Early Funding Facility (10)(12) Mortgage loans held for sale (11) (10) 2,000,000 — 712,110 183,414 7,000,000 — 1,920,699 470,008 Total Mortgage Funding Facilities $ 17,550,000 $ 1,300,000 $ 8,333,643 $ 3,251,283 Personal Loan funding: 14) Revolving Credit and Security Agreement (12) Personal loans held for sale 1/30/2025 $ 175,000 $ 175,000 $ 165,400 $ 116,100 Total Funding Facilities $ 17,725,000 $ 1,475,000 $ 8,499,043 $ 3,367,383 (1) This facility has an overall line size of $1,000,000. Subsequent to September 30, 2024, this facility was amended to include a $150,000 sublimit for early buy out financing; capacity is fully fungible and is not restricted by these allocations. (2) 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 September 30, 2024, this facility was extended to October 27, 2025. (3) Subsequent to September 30, 2024, this facility was increased to $2,500,000 with $250,000 committed and extended to October 1, 2026. (4) 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. (5) This facility was voluntarily paid off and terminated in August 2024. (6) Subsequent to September 30, 2024, this facility was extended to October 2, 2026. (7) This facility is a sublimit of Financing Facility 6 , found below in Financing Facilities . Refer to Subfootnote 4 , Financing Facilities for additional details regarding this facility. (8) Subsequent to September 30, 2024, the Company entered into a new Master Repurchase Agreement. The new facility has an overall line size of $1,000,000 with $200,000 committed, maturing on October 2, 2026. (9) This facility is an evergreen agreement with no stated termination or expiration date. This agreement can be terminated by either party upon written notice. (10) 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. (11) 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. (12) The interest rates charged by lenders on funding facilities included the applicable base rate
Schedule of Financing Facilities	Financing Facilities Facility Type Collateral Maturity Line Amount Committed Line Amount Outstanding Balance as of September 30, 2024 Outstanding Balance as of December 31, 2023 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 (6) — 7/2/2027 1,150,000 1,150,000 — — 4) MSR line of credit (2)(6) MSRs 11/8/2024 500,000 — — — 5) MSR line of credit (3)(6) MSRs 11/6/2025 1,500,000 250,000 — — $ 5,250,000 $ 1,400,000 $ — $ — Early Buyout Financing Facility 6) Early buy out facility (4)(6) Loans/ Advances 5/29/2026 $ 2,000,000 $ 250,000 $ 106,863 $ 203,208 7) Early buy out facility ( 5 )(6) Loans/ Advances N/A N/A N/A — — $ 2,000,000 $ 250,000 $ 106,863 $ 203,208 (1) Refer to Note 6, Transactions with Related Parties for additional details regarding this unsecured line of credit. (2) Subsequent to September 30, 2024, this facility was extended to November 7, 2025. (3) This facility is a sublimit of Master Repurchase Agreement 5, found above in Mortgage Funding Facilities. Refer to Subfootnote 4, Mortgage Funding Facilities for additional details regarding this financing facility. (4) This facility has an overall line size of $2,000,000. This facility also includes a $2,000,000 sublimit for newly originated mortgage loans held for sale; capacity is fully fungible and is not restricted by these allocations. (5) This facility is a sublimit of Master Repurchase Agreement 1 , found above in Mortgage Funding Facilities . Refer to Subfootnote 1, Mortgage Funding Facilities for additional details regarding this financing facility. base rate
Schedule of Unsecured Senior Notes	Unsecured Senior Notes Facility Type Maturity Interest Rate Outstanding Principal September 30, 2024 Outstanding Principal December 31, 2023 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 $4,570 and $6,284 as of September 30, 2024 and December 31, 2023, 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 $230 and $192 as of September 30, 2024, respectively, and $285 and $237, as of December 31, 2023, 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 $4,428 and $5,181 as of September 30, 2024 and December 31, 2023, 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 $8,675 and $9,689 as of September 30, 2024 and December 31, 2023, 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 $6,333 and $6,861 as of September 30, 2024 and December 31, 2023, respectively.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Net Hedging (Losses) Gains	Net hedging (losses) gains were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Hedging (losses) gains (1) $ (289,120) $ 248,213 $ (145,036) $ 349,989 (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 September 30, 2024: IRLCs, net of loan funding probability (1) $ 9,855,971 $ 228,204 $ — Forward commitments (2) $ 19,309,071 $ 7,655 $ 62,991 Balance at December 31, 2023: IRLCs, net of loan funding probability (1) $ 4,728,040 $ 132,870 $ — Forward commitments (2) $ 9,650,041 $ 26,614 $ 142,988 (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 receivable from counterparties in the Condensed Consolidated Balance Sheets. The Company had $58,405 and $66,598 of margin cash pledged to counterparties related to these forward commitments at September 30, 2024 and December 31, 2023, respectively. As of September 30, 2024 and December 31, 2023, there was $356 and $250 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 September 30, 2024: Forward commitments $ 11,240 $ (3,585) $ 7,655 Balance at December 31, 2023: Forward commitments $ 37,647 $ (11,033) $ 26,614 Offsetting of Derivative Liabilities Balance at September 30, 2024: Forward commitments $ (110,396) $ 47,405 $ (62,991) Balance at December 31, 2023: Forward commitments $ (174,545) $ 31,557 $ (142,988)
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 receivable from counterparties in the Condensed Consolidated Balance Sheets. The Company had $58,405 and $66,598 of margin cash pledged to counterparties related to these forward commitments at September 30, 2024 and December 31, 2023, respectively. As of September 30, 2024 and December 31, 2023, there was $356 and $250 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 September 30, 2024: Forward commitments $ 11,240 $ (3,585) $ 7,655 Balance at December 31, 2023: Forward commitments $ 37,647 $ (11,033) $ 26,614 Offsetting of Derivative Liabilities Balance at September 30, 2024: Forward commitments $ (110,396) $ 47,405 $ (62,991) Balance at December 31, 2023: Forward commitments $ (174,545) $ 31,557 $ (142,988)

Commitments, Contingencies an_2

Commitments, Contingencies and Guarantees (Tables)	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of IRLC Unpaid Principal Balance	The UPB of IRLCs was as follows: September 30, 2024 December 31, 2023 Fixed Rate Variable Rate Fixed Rate Variable Rate IRLCs $ 12,381,454 $ 730,451 $ 6,317,330 $ 258,045
Schedule of Investor Reserves Activity	The following presents the activity in the investor reserves: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Balance at beginning of period $ 94,362 $ 100,828 $ 92,389 $ 110,147 Provision for investor reserves 11,204 10,775 29,872 103,616 Realized losses (6,486) (16,036) (23,181) (118,196) Balance at end of period $ 99,080 $ 95,567 $ 99,080 $ 95,567

Segments (Tables)

Segments (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 Direct to Partner Segments All Other Total Revenues Gain on sale of loans, net $ 665,825 $ 168,159 $ 833,984 $ 10,406 $ 844,390 Interest income 58,549 50,017 108,566 — 108,566 Interest expense on funding facilities (55,068) (47,074) (102,142) 322 (101,820) Servicing fee income 372,363 — 372,363 1,433 373,796 Changes in fair value of MSRs (878,311) — (878,311) — (878,311) Other income 167,794 5,795 173,589 126,738 300,327 Total U.S. GAAP Revenue, net 331,152 176,897 508,049 138,899 646,948 Change in fair value of MSRs due to valuation assumptions, net of hedges 676,073 — 676,073 — 676,073 Adjusted revenue 1,007,225 176,897 1,184,122 138,899 1,323,021 Less: Directly attributable expenses 551,248 64,611 615,859 85,446 701,305 Contribution margin $ 455,977 $ 112,286 $ 568,263 $ 53,453 $ 621,716 Nine Months Ended September 30, 2024 Direct to Partner Segments All Other Total Revenues Gain on sale of loans, net $ 1,783,221 $ 486,686 $ 2,269,907 $ 32,265 $ 2,302,172 Interest income 167,237 142,724 309,961 — 309,961 Interest expense on funding facilities (126,430) (108,126) (234,556) — (234,556) Servicing fee income 1,070,022 — 1,070,022 4,197 1,074,219 Changes in fair value of MSRs (934,744) — (934,744) — (934,744) Other income 447,048 13,731 460,779 353,555 814,334 Total U.S. GAAP Revenue, net 2,406,354 535,015 2,941,369 390,017 3,331,386 Change in fair value of MSRs due to valuation assumptions, net of hedges 383,036 — 383,036 — 383,036 Adjusted revenue 2,789,390 535,015 3,324,405 390,017 3,714,422 Less: Directly attributable expenses 1,615,101 182,061 1,797,162 263,187 2,060,349 Contribution margin $ 1,174,289 $ 352,954 $ 1,527,243 $ 126,830 $ 1,654,073 Three Months Ended September 30, 2023 Direct to Partner Segments All Other Total Revenues Gain on sale of loans, net $ 460,559 $ 102,088 $ 562,647 $ 9,476 $ 572,123 Interest income 50,644 43,404 94,048 (180) 93,868 Interest expense on funding facilities (36,124) (30,836) (66,960) (99) (67,059) Servicing fee income 342,719 — 342,719 1,342 344,061 Changes in fair value of MSRs 12,765 — 12,765 — 12,765 Other income 153,868 3,431 157,299 90,111 247,410 Total U.S. GAAP Revenue, net 984,431 118,087 1,102,518 100,650 1,203,168 Change in fair value of MSRs due to valuation assumptions, net of hedges (201,248) — (201,248) — (201,248) Adjusted revenue 783,183 118,087 901,270 100,650 1,001,920 Less: Directly attributable expenses 479,307 59,686 538,993 95,974 634,967 Contribution margin $ 303,876 $ 58,401 $ 362,277 $ 4,676 $ 366,953 Nine Months Ended September 30, 2023 Direct to Consumer Partner Network Segments Total All Other Total Revenues Gain on sale of loans, net $ 1,326,953 $ 282,662 $ 1,609,615 $ 26,540 $ 1,636,155 Interest income 134,250 107,119 241,369 — 241,369 Interest expense on funding facilities (89,516) (71,916) (161,432) (251) (161,683) Servicing fee income 1,050,264 — 1,050,264 3,773 1,054,037 Changes in fair value of MSRs (343,137) — (343,137) — (343,137) Other income 426,542 11,245 437,787 240,935 678,722 Total U.S. GAAP Revenue, net 2,505,356 329,110 2,834,466 270,997 3,105,463 Change in fair value of MSRs due to valuation assumptions, net of hedges (219,746) — (219,746) — (219,746) Adjusted revenue 2,285,610 329,110 2,614,720 270,997 2,885,717 Less: Directly attributable expenses 1,514,113 191,470 1,705,583 242,409 1,947,992 Contribution margin $ 771,497 $ 137,640 $ 909,137 $ 28,588 $ 937,725
Schedule of Reconciliation of Segment Contribution Margin to Combined U.S. GAAP Income (Loss) Before Taxes	The following table represents a reconciliation of segment contribution margin to consolidated U.S. GAAP (Loss) income before income taxes for the three and nine months ended: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Contribution margin, excluding change in MSRs due to valuation assumptions $ 621,716 $ 366,953 $ 1,654,073 $ 937,725 Change in fair value of MSRs due to valuation assumptions, net of hedges (676,073) 201,248 (383,036) 219,746 Contribution margin, including change in MSRs due to valuation assumptions (54,357) 568,201 1,271,037 1,157,471 Less expenses not allocated to segments : Salaries, commissions and team member benefits 219,730 240,186 617,329 683,713 General and administrative expenses 140,143 142,110 408,994 430,818 Depreciation and amortization 28,607 27,636 83,633 83,678 Interest and amortization expense on non-funding debt 38,620 38,354 115,349 115,021 Other expenses 15,862 2,290 52,639 4,233 (Loss) income before income taxes $ (497,319) $ 117,625 $ (6,907) $ (159,992)

Non-controlling Interest (Table

Non-controlling Interest (Tables)	9 Months Ended
	Sep. 30, 2024
Noncontrolling Interest [Abstract]
Schedule of Non-controlling Interest Ownership	The following table summarizes the ownership of Holdings Units in Holdings as of September 30, 2024 and December 31, 2023: September 30, 2024 December 31, 2023 Holdings Units Ownership Percentage Holdings Units Ownership Percentage Rocket Companies, Inc.'s ownership of Holdings Units 144,920,227 7.27 % 135,814,173 6.84 % 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 92.67 % 1,847,777,661 93.10 % Balance at end of period 1,993,799,710 100.00 % 1,984,693,656 100.00 %

Share-based Compensation (Table

Share-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Rocket Companies, Inc. sponsored plans Restricted stock units $ 36,440 $ 37,722 $ 101,841 $ 121,889 Performance stock units 2,091 — 3,975 — Stock options 15 2,877 45 18,925 Team Member Stock Purchase Plan 1,284 1,122 3,748 3,391 Subtotal Rocket Companies, Inc. sponsored plans $ 39,830 $ 41,721 $ 109,609 $ 144,205 Subsidiary plans 98 371 316 543 Total share-based compensation expense $ 39,928 $ 42,092 $ 109,925 $ 144,748

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net (loss) income $ (481,424) $ 114,945 $ (12,785) $ (157,386) Net loss (income) attributable to non-controlling interest 459,413 (108,739) 8,284 152,507 Net (loss) income attributable to Rocket Companies $ (22,011) $ 6,206 $ (4,501) $ (4,879) Numerator: Net (loss) income attributable to Class A common shareholders - basic $ (22,011) $ 6,206 $ (4,501) $ (4,879) Add: Reallocation of Net (loss) income attributable to dilutive impact of pro-forma conversion of Class D shares to Class A shares (1) (350,140) 82,585 — (115,420) Add: Reallocation of Net (loss) income attributable to dilutive impact of share-based compensation awards (2) (2,357) 255 — (207) Net (loss) income attributable to Class A common shareholders - diluted $ (374,508) $ 89,046 $ (4,501) $ (120,506) Denominator: Weighted average shares of Class A common stock outstanding - basic 141,763,221 129,390,501 139,475,981 126,971,718 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 Add: Dilutive impact of share-based compensation awards (3) 12,653,811 5,722,366 — 3,352,781 Weighted average shares of Class A common stock outstanding - diluted 2,003,296,515 1,983,992,350 139,475,981 1,979,203,982 (Loss) earnings per share of Class A common stock outstanding - basic $ (0.16) $ 0.05 $ (0.03) $ (0.04) (Loss) earnings per share of Class A common stock outstanding - diluted $ (0.19) $ 0.04 $ (0.03) $ (0.06) (1) Net (loss) income is calculated using the estimated annual effective tax rate of Rocket Companies, Inc. (2) Reallocation of Net (loss) income attributable to dilutive impact of share-based compensation awards for the three months ended September 30, 2024 and 2023 comprised of $(2,234) and $252 related to RSUs, $(111) and zero related to PSUs, $(5) and zero related to stock options and $(7) and $2 related to TMSPP, respectively. Reallocation of Net (loss) income attributable to dilutive impact of share-based compensation awards for the nine months ended September 30, 2024 and 2023 comprised of zero and $(200) related to RSUs and zero and $(7) related to TMSPP, respectively. (3) Dilutive impact of share-based compensation awards for the three months ended September 30, 2024 and 2023 comprised of 11,995,156 and 5,668,240 related to RSUs, 593,285 and zero related to PSUs, 27,123 and zero related to stock options and 38,247 and 54,126 related to TMSPP, respectively. Dilutive impact of share-based compensation awards for the nine months ended September 30, 2024 and 2023 comprised of zero and 3,244,244 related to RSUs and zero and 108,537 related to TMSPP, respectively.

Business, Basis of Presentati_4

Business, Basis of Presentation and Accounting Policies - Narrative (Details)	9 Months Ended
	Sep. 30, 2024 segment $ / shares	Dec. 31, 2023 $ / shares
Basis of Presentation [Line Items]
Number of segments | segment	2
Holdings
Basis of Presentation [Line Items]
Management and voting interest as managing member in holdings (in percent)	100%
Class A Common Stock
Basis of Presentation [Line Items]
Common stock, par value (in dollars per share) | $ / shares	$ 0.00001	$ 0.00001

Business, Basis of Presentati_5

Business, Basis of Presentation and Accounting Policies - Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Subscription Revenue
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 65,950	$ 46,448	$ 192,119	$ 128,627
Closing Fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	29,231	21,172	75,057	59,470
Appraisal Revenue
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	9,222	8,279	27,552	33,098
Real Estate Network Referral Fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 14,363	$ 16,841	$ 40,657	$ 37,588

Business, Basis of Presentati_6

Business, Basis of Presentation and Accounting Policies - Schedule of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 1,228,234	$ 1,108,466	$ 957,254
Restricted cash	20,363	28,366	34,668
Total cash, cash equivalents and restricted cash in the statement of cash flows	$ 1,248,597	$ 1,136,832	$ 991,922	$ 789,099

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	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Assets:
Mortgage loans held for sale	$ 10,978,259		$ 6,542,232
MSRs	6,810,667	$ 7,162,690	6,439,787	$ 6,678,165	$ 6,443,632	$ 6,946,940
Liabilities:
Derivative Liability	62,991		142,988
IRLCs
Assets:
Derivative Asset	228,204		132,870
Forward commitments
Assets:
Derivative Asset	7,655		26,614
Level 3 | Financial Asset, Equal to or Greater than 90 Days Past Due
Liabilities:
Financing receivable, nonaccrual	138,700		195,600
Recurring
Assets:
Mortgage loans held for sale	10,978,259		6,542,232
MSRs	6,810,667		6,439,787
Total assets	18,377,878		13,344,039
Liabilities:
Total liabilities	114,021		142,988
Recurring | IRLCs
Assets:
Derivative Asset	228,204		132,870
Recurring | Forward commitments
Assets:
Derivative Asset	7,655		26,614
Liabilities:
Derivative Liability	62,991		142,988
Recurring | Investment securities
Assets:
Derivative Asset	41,105		39,518
Recurring | Non-mortgage loans held for sale
Assets:
Derivative Asset	250,881		163,018
Recurring | Consolidated CFE
Assets:
Derivative Asset	61,107
Liabilities:
Derivative Liability	51,030
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		0
Recurring | Level 1 | Non-mortgage loans held for sale
Assets:
Derivative Asset	0		0
Recurring | Level 1 | Consolidated CFE
Assets:
Derivative Asset	0
Liabilities:
Derivative Liability	0
Recurring | Level 2
Assets:
Mortgage loans held for sale	10,681,964		6,103,714
MSRs	0		0
Total assets	10,730,724		6,169,846
Liabilities:
Total liabilities	62,991		142,988
Recurring | Level 2 | IRLCs
Assets:
Derivative Asset	0		0
Recurring | Level 2 | Forward commitments
Assets:
Derivative Asset	7,655		26,614
Liabilities:
Derivative Liability	62,991		142,988
Recurring | Level 2 | Investment securities
Assets:
Derivative Asset	41,105		39,518
Recurring | Level 2 | Non-mortgage loans held for sale
Assets:
Derivative Asset	0		0
Recurring | Level 2 | Consolidated CFE
Assets:
Derivative Asset	0
Liabilities:
Derivative Liability	0
Recurring | Level 3
Assets:
Mortgage loans held for sale	296,295		438,518
MSRs	6,810,667		6,439,787
Total assets	7,647,154		7,174,193
Liabilities:
Total liabilities	51,030		0
Recurring | Level 3 | IRLCs
Assets:
Derivative Asset	228,204		132,870
Recurring | Level 3 | Forward commitments
Assets:
Derivative Asset	0		0
Liabilities:
Derivative Liability	0		0
Recurring | Level 3 | Investment securities
Assets:
Derivative Asset	0		0
Recurring | Level 3 | Non-mortgage loans held for sale
Assets:
Derivative Asset	250,881		$ 163,018
Recurring | Level 3 | Consolidated CFE
Assets:
Derivative Asset	61,107
Liabilities:
Derivative Liability	$ 51,030

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Quantitative Information About Fair Value Measurements of Level 3 Financial Instruments (Details) - Level 3	Sep. 30, 2024	Dec. 31, 2023
Model pricing | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mortgage loans held for sale	0.70	0.68
Model pricing | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mortgage loans held for sale	1.03	1
Model pricing | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mortgage loans held for sale	0.90	0.87
Pull-through probability | IRLCs | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
IRLCs	0	0
Pull-through probability | IRLCs | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
IRLCs	1	1
Pull-through probability | IRLCs | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
IRLCs	0.75	0.72
Discount rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs	0.095	0.095
Non-mortgage loans held for sale	0	0.085
Discount rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs	0.125	0.125
Non-mortgage loans held for sale	0.093	0.093
Discount rate | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs	0.099	0.099
Non-mortgage loans held for sale	0.075	0.086
Conditional prepayment rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs	0.067	0.066
Conditional prepayment rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs	0.208	0.370
Conditional prepayment rate | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs	0.081	0.075

Fair Value Measurements - Sch_3

Fair Value Measurements - Schedule of Reconciliation of Level 3 Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Mortgage Loans Held for Sale
Reconciliation of Level 3 Assets:
Beginning balance	$ 351,853	$ 632,378	$ 438,518	$ 1,082,730
Transfers in	104,668	180,127	322,404	588,894
Transfers out/principal reductions	(169,435)	(276,249)	(464,972)	(1,093,226)
Net transfers and revaluation gains (losses)	0	0	0	0
Total gains (losses) included in Net (loss) income for assets held at the end of the reporting date	9,209	(34,011)	345	(76,153)
Ending balance	296,295	502,245	296,295	502,245
IRLCs
Reconciliation of Level 3 Assets:
Beginning balance	170,381	127,690	132,870	90,635
Transfers in	0	0	0	0
Transfers out/principal reductions	0	0	0	0
Net transfers and revaluation gains (losses)	57,823	(35,122)	95,334	1,933
Total gains (losses) included in Net (loss) income for assets held at the end of the reporting date	0	0	0	0
Ending balance	228,204	92,568	228,204	92,568
Non-Mortgage Loans Held for Sale
Reconciliation of Level 3 Assets:
Beginning balance	269,460	78,490	163,018	0
Transfers in	72,406	46,513	236,845	125,756
Transfers out/principal reductions	(91,071)	0	(147,479)	0
Net transfers and revaluation gains (losses)	0	0	0	0
Total gains (losses) included in Net (loss) income for assets held at the end of the reporting date	86	(2,032)	(1,503)	(2,785)
Ending balance	$ 250,881	$ 122,971	$ 250,881	$ 122,971

Fair Value Measurements - Sch_4

Fair Value Measurements - Schedule of Fair Value Option for Mortgage Loans Held For Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 10,978,259	$ 6,542,232
Mortgage Loans Held for Sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	10,978,259	6,542,232
Principal Amount Due Upon Maturity	10,737,510	6,418,082
Difference	240,749	124,150
Non-Mortgage Loans Held for Sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	250,881	163,018
Principal Amount Due Upon Maturity	257,938	168,573
Difference	$ (7,057)	$ (5,555)

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	Sep. 30, 2024	Dec. 31, 2023
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	$ 4,037,557	$ 4,033,448
Carrying Amount | 2026 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	1,145,430	1,143,716
Carrying Amount | 2028 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	61,563	61,463
Carrying Amount | 2029 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	745,572	744,819
Carrying Amount | 2031 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	1,241,325	1,240,311
Carrying Amount | 2033 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	843,667	843,139
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	3,783,156	3,634,990
Estimated Fair Value | 2026 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	1,104,184	1,064,520
Estimated Fair Value | 2028 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	59,192	60,469
Estimated Fair Value | 2029 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	705,038	679,455
Estimated Fair Value | 2031 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	1,153,813	1,105,088
Estimated Fair Value | 2033 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Senior Notes, net	$ 760,929	$ 725,458

Mortgage Servicing Rights - Sch

Mortgage Servicing Rights - Schedule of Changes to MSR Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Changes to MSR Assets
Fair value, beginning of period	$ 7,162,690	$ 6,443,632	$ 6,439,787	$ 6,946,940
MSRs originated	337,702	330,627	906,044	850,027
MSRs sales	(104,206)	(221,893)	(229,945)	(897,894)
MSRs purchases	310,536	103,115	641,774	103,115
Changes in fair value
Due to changes in valuation model inputs or assumptions	(681,955)	212,128	(379,598)	239,821
Due to collection/realization of cash flows	(214,100)	(189,444)	(567,395)	(563,844)
Total changes in fair value	(896,055)	22,684	(946,993)	(324,023)
Fair value, end of period	$ 6,810,667	$ 6,678,165	$ 6,810,667	$ 6,678,165
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	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
UPB of mortgage loans serviced		$ 512,980,084		$ 468,237,971
Delinquent loans as a percentage of total portfolio (in percent)		1.40%		1.23%
Proceeds from sale of MSRs		$ 219,694	$ 897,894
Mortgage Servicing Rights
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Proceeds from sale of MSRs	$ 136,916		$ 383,694

Mortgage Servicing Rights - S_2

Mortgage Servicing Rights - Schedule of Assumptions Used to Determine Fair Value of MSRs (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Transfers and Servicing [Abstract]
Discount rate	9.90%	9.90%
Prepayment speeds	8.10%	7.50%
Life (in years)	7 years 6 months 7 days	7 years 9 months 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	Sep. 30, 2024	Dec. 31, 2023
Discount Rate
100 BPS Adverse Change	$ (278,645)	$ (279,493)
200 BPS Adverse Change	(535,114)	(536,573)
Prepayment Speeds
10% Adverse Change	(219,731)	(183,254)
20% Adverse Change	$ (408,685)	$ (356,871)

Mortgage Loans Held for Sale (D

Mortgage Loans Held for Sale (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Mortgage loans held for sale
Balance at the beginning of period	$ 6,542,232	$ 7,343,475
Disbursements of mortgage loans held for sale	72,075,853	61,002,673
Proceeds from sales of mortgage loans held for sale	(68,853,271)	(60,919,447)
Gain on sale of mortgage loans excluding fair value of other financial instruments, net	1,213,445	585,851
Balance at the end of period	$ 10,978,259	$ 8,012,552
Mortgage loans held for sale average holding period	45 days

Borrowings - Narrative (Details

Borrowings - Narrative (Details)	9 Months Ended
	Sep. 30, 2024
Debt Instrument [Line Items]
Mortgage loans held for sale average holding period	45 days
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 ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Nov. 12, 2024
Line of Credit Facility [Line Items]
Total funding facilities	$ 8,499,043,000	$ 3,367,383,000
Debt instrument, variable interest rate, type	Base Rate [Member]
Funding Facilities
Line of Credit Facility [Line Items]
Line Amount	$ 17,550,000,000
Committed Line Amount	1,300,000,000
Total funding facilities	8,333,643,000	3,251,283,000
Funding Facilities | MRA funding
Line of Credit Facility [Line Items]
Line Amount	10,550,000,000
Committed Line Amount	1,300,000,000
Outstanding balance	6,412,944,000	2,781,275,000
Funding Facilities | Master Repurchase Agreement Due Nov 27 2024
Line of Credit Facility [Line Items]
Line Amount	1,000,000,000
Committed Line Amount	100,000,000
Outstanding balance	900,686,000	397,265,000
Funding Facilities | Master Repurchase Agreement Due Nov 27 2024 | Mortgages | Subsequent Event
Line of Credit Facility [Line Items]
Committed Line Amount			$ 150,000
Funding Facilities | Master Repurchase Agreement Due Aug 1 2026
Line of Credit Facility [Line Items]
Line Amount	1,000,000,000
Committed Line Amount	0
Outstanding balance	753,655,000	429,976,000
Funding Facilities | Master Repurchase Agreement Due July 25 2025
Line of Credit Facility [Line Items]
Line Amount	1,500,000,000
Committed Line Amount	250,000,000
Outstanding balance	$ 362,523,000	552,079,000
Facility term	12 months
Extension term	3 months
Timing option for extending facility	3 months
Funding Facilities | Master Repurchase Agreement Due Sep 8 2025
Line of Credit Facility [Line Items]
Line Amount	$ 1,000,000,000
Committed Line Amount	250,000,000
Outstanding balance	967,577,000	547,016,000
Funding Facilities | Master Repurchase Agreement Due Sep 8 2025 | Subsequent Event
Line of Credit Facility [Line Items]
Line Amount			2,500,000,000
Committed Line Amount			250,000,000
Funding Facilities | Master Repurchase Agreement Due Nov 6 2025
Line of Credit Facility [Line Items]
Line Amount	1,500,000,000
Committed Line Amount	250,000,000
Outstanding balance	269,449,000	106,063,000
Funding Facilities | Master Repurchase Agreement Due Nov 6 2025 | Mortgages
Line of Credit Facility [Line Items]
Committed Line Amount	1,500,000,000
Funding Facilities | Master Repurchase Agreement Terminated 2024
Line of Credit Facility [Line Items]
Outstanding balance	0	241,574,000
Funding Facilities | Master Repurchase Agreement Due Sep 26 2025
Line of Credit Facility [Line Items]
Line Amount	800,000,000
Committed Line Amount	100,000,000
Outstanding balance	772,127,000	507,302,000
Funding Facilities | Master Repurchase Agreement Due May 6 2026
Line of Credit Facility [Line Items]
Line Amount	1,000,000,000
Committed Line Amount	100,000,000
Outstanding balance	961,212,000	0
Funding Facilities | Master Repurchase Agreement Due May 29 2026
Line of Credit Facility [Line Items]
Line Amount	2,000,000,000
Committed Line Amount	250,000,000
Outstanding balance	696,261,000	0
Funding Facilities | Master Repurchase Agreement Due June 12 2026
Line of Credit Facility [Line Items]
Line Amount	750,000,000
Committed Line Amount	0
Outstanding balance	729,454,000	0
Funding Facilities | Master Purchase Agreement Due October 2, 2026 | Subsequent Event
Line of Credit Facility [Line Items]
Line Amount			1,000,000,000
Committed Line Amount			$ 200,000,000
Funding Facilities | Early Funding
Line of Credit Facility [Line Items]
Line Amount	7,000,000,000
Committed Line Amount	0
Early funding facilities	1,920,699,000	470,008,000
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	1,208,589,000	286,594,000
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	$ 712,110,000	$ 183,414,000
Timing for review of agreement	90 days
Revolving Credit Facility and Security Agreement
Line of Credit Facility [Line Items]
Debt instrument, variable interest rate, type	Base Rate [Member]	Base Rate [Member]
Revolving Credit Facility and Security Agreement | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1%	1%
Revolving Credit Facility and Security Agreement | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.80%	1.80%
Revolving Credit Facility and Security Agreement | Personal Loans Held for Sale Maturing Jan 30 2025
Line of Credit Facility [Line Items]
Line Amount	$ 175,000,000
Committed Line Amount	175,000,000
Lines of credit	165,400,000	$ 116,100,000
Funding Facility
Line of Credit Facility [Line Items]
Line Amount	17,725,000,000
Committed Line Amount	1,475,000,000
Lines of credit	$ 8,499,043,000	$ 3,367,383,000

Borrowings - Schedule of Financ

Borrowings - Schedule of Financing Facilities (Details) - USD ($)			9 Months Ended	12 Months Ended
	Sep. 16, 2021	Jul. 31, 2020	Sep. 30, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Early Buyout Financing Facility			$ 106,863,000	$ 203,208,000
Debt instrument, variable interest rate, type			Base Rate [Member]
Line of Credit Financing Facilities
Line of Credit Facility [Line Items]
Line Amount			$ 5,250,000,000
Committed Line Amount			1,400,000,000
Line of Credit Financing Facilities			$ 0	$ 0
Debt instrument, variable interest rate, type			Base Rate [Member]
Line of Credit Financing Facilities | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate			1.45%	1.45%
Line of Credit Financing Facilities | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate			3.25%	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		$ 2,000,000,000
Committed Line Amount			0
Line of Credit Financing Facilities			0	$ 0
Debt instrument, variable interest rate, type	Base Rate [Member]
Basis spread on variable rate	1.25%
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	100,000,000
Committed Line Amount			0
Line of Credit Financing Facilities			0	0
Debt instrument, variable interest rate, type		Base Rate [Member]
Basis spread on variable rate		1.25%
Line of Credit | MSR line of credit, maturing Nov 08 2024
Line of Credit Facility [Line Items]
Line Amount			500,000,000
Committed Line Amount			0
Line of Credit Financing Facilities			0	0
Line of Credit | MSR line of credit, maturing Nov 06 2025
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 July 02 2025
Line of Credit Facility [Line Items]
Line Amount			1,150,000,000
Committed Line Amount			1,150,000,000
Line of Credit Financing Facilities			0	0
Early Buyout Financing Facility
Line of Credit Facility [Line Items]
Line Amount			2,000,000,000
Committed Line Amount			250,000,000
Early Buyout Financing Facility			$ 106,863,000	$ 203,208,000
Debt instrument, variable interest rate, type			Base Rate [Member]
Early Buyout Financing Facility | Mortgages
Line of Credit Facility [Line Items]
Committed Line Amount			$ 2,000,000,000
Early Buyout Financing Facility | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate			1.45%	1.45%
Early Buyout Financing Facility | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate			3.25%	4%
Early Buyout Financing Facility | Master Repurchase Agreement Due Nov 27 2024
Line of Credit Facility [Line Items]
Early Buyout Financing Facility			$ 0	$ 0

Borrowings - Schedule of Unsecu

Borrowings - Schedule of Unsecured Senior Notes (Details) - Unsecured Senior Notes - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
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	$ 4,570	6,284
2028 Senior Notes
Debt Instrument [Line Items]
Interest Rate	5.25%
Outstanding principal	$ 61,985	61,985
Unamortized debt issuance costs	230	285
Unamortized discounts	$ 192	237
2029 Senior Notes
Debt Instrument [Line Items]
Interest Rate	3.625%
Outstanding principal	$ 750,000	750,000
Unamortized debt issuance costs	$ 4,428	5,181
2031 Senior Notes
Debt Instrument [Line Items]
Interest Rate	3.875%
Outstanding principal	$ 1,250,000	1,250,000
Unamortized debt issuance costs	$ 8,675	9,689
2033 Senior Notes
Debt Instrument [Line Items]
Interest Rate	4%
Outstanding principal	$ 850,000	850,000
Unamortized debt issuance costs	$ 6,333	$ 6,861

Transactions with Related Par_2

Transactions with Related Parties (Details) - USD ($)			3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 16, 2021	Jul. 31, 2020	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Jul. 31, 2023
Related Party Transaction [Line Items]
Debt instrument, variable interest rate, type					Base Rate [Member]
Cash paid for interest on related party borrowings					$ 1,291,000	$ 1,286,000
Notes receivable and due from affiliates			$ 15,226,000		15,226,000		$ 19,530,000
Other income			300,327,000	$ 247,410,000	814,334,000	678,722,000
Salaries, commissions and team member benefits			607,526,000	589,584,000	1,702,042,000	1,772,498,000
General and administrative expenses			221,074,000	199,399,000	690,691,000	595,214,000
Marketing and advertising expenses			200,528,000	193,406,000	617,761,000	593,853,000
Expenses incurred			18,550,000	18,934,000	56,848,000	55,620,000
Amrock Title Insurance Company
Related Party Transaction [Line Items]
Cash paid for interest on related party borrowings			429,000	250,000	1,291,000	750,000
Line of Credit | Unsecured Line of Credit, Maturing Jul 27 2025, RHI
Related Party Transaction [Line Items]
Net borrowings on lines of credit					0		0
Related Party
Related Party Transaction [Line Items]
Interest rate (percent)								8%
Interest accrued			434,000	434,000	1,291,000	1,286,000
Other liabilities			30,511,000		30,511,000		31,006,000
Other income			1,450,000	2,318,000	4,710,000	7,184,000
Salaries, commissions and team member benefits			801,000	556,000	2,210,000	1,611,000
General and administrative expenses			13,142,000	12,677,000	37,975,000	35,929,000
Marketing and advertising expenses			2,813,000	$ 2,637,000	8,115,000	$ 9,341,000
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		2,000,000,000
Debt instrument, variable interest rate, type	Base Rate [Member]
Basis spread on variable rate	1.25%
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		100,000,000
Debt instrument, variable interest rate, type		Base Rate [Member]
Basis spread on variable rate		1.25%
Lines of credit			0		0		0
Related Party | RHI and Amrock Title Insurance Company Debenture
Related Party Transaction [Line Items]
Aggregate principal amount								$ 21,500,000
Related Party | RHI Credit Agreement
Related Party Transaction [Line Items]
Aggregate principal amount			$ 30,264,000		$ 30,264,000		$ 30,264,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ (15,895)	$ 2,680	$ 5,878	$ (2,606)
(Loss) income before income taxes	(497,319)	117,625	$ (6,907)	(159,992)
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	$ 0	35,697
Tax distributions to holders of holdings units	$ 30	$ 0	$ 14,222	$ 0

Derivative Financial Instrume_3

Derivative Financial Instruments - Schedule of Net Hedging Gains And Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Forward commitments
Derivative Instruments, Gain (Loss) [Line Items]
Hedging (losses) gains	$ (289,120)	$ 248,213	$ (145,036)	$ 349,989

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Notional and Fair Values of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Derivative Liability	$ 62,991	$ 142,988
IRLCs, net of loan funding probability
Derivative [Line Items]
Derivative Asset	228,204	132,870
Derivative Liability	0	0
Forward commitements
Derivative [Line Items]
Derivative Asset	7,655	26,614
Derivative Liability	62,991	142,988
Not Designated | IRLCs, net of loan funding probability
Derivative [Line Items]
Notional Value	9,855,971	4,728,040
Not Designated | Forward commitements
Derivative [Line Items]
Notional Value	$ 19,309,071	$ 9,650,041

Derivative Financial Instrume_5

Derivative Financial Instruments - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cash pledged to counterparties	$ 58,405,000		$ 58,405,000		$ 66,598,000
Cash pledged from counterparties	356,000		356,000		$ 250,000
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	Sep. 30, 2024	Dec. 31, 2023
Offsetting Assets [Line Items]
Gross amount of recognized assets	$ 11,240	$ 37,647
Gross Amounts Offset in the Condensed Consolidated Balance Sheets	(3,585)	(11,033)
Net assets presented in the condensed consolidated balance sheets	7,655	26,614
Gross amount of recognized liabilities	(110,396)	(174,545)
Gross Amounts Offset in the Condensed Consolidated Balance Sheets	47,405	31,557
Net Liabilities Presented in the Condensed Consolidated Balance Sheets	$ (62,991)	$ (142,988)

Commitments, Contingencies an_3

Commitments, Contingencies and Guarantees (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($) guarantee	Dec. 31, 2023 USD ($) guarantee
Other Commitments [Line Items]
Administrated escrow deposits for property taxes, insurance and settlement funds	$ 5,538,255	$ 3,469,770
Administrated escrow deposits for principal and interest	3,925,863	2,225,625
Recorded reserves related to potential damages in connection with legal proceedings	$ 19,500	$ 15,000
Financial Guarantee
Other Commitments [Line Items]
Number of separate guarantees | guarantee	3	3
Guaranteed debt total amount	$ 443	$ 1,770
IRLCs
Other Commitments [Line Items]
Average number of days until expiration of interest rate lock commitments	40 days	41 days
Mortgages
Other Commitments [Line Items]
Commitments to sell loans	$ 869,159	$ 0
MSRs with Servicing Released
Other Commitments [Line Items]
Commitments to sell loans	$ 371,025	$ 226,535

Commitments, Contingencies an_4

Commitments, Contingencies and Guarantees - Schedule of IRLC Unpaid Principal Balance (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
IRLCs UPB, fixed rate	$ 12,381,454	$ 6,317,330
IRLCs UPB, variable rate	$ 730,451	$ 258,045

Commitments, Contingencies an_5

Commitments, Contingencies and Guarantees - Investor Reserves Activity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investor Reserves
Balance at beginning of period	$ 94,362	$ 100,828	$ 92,389	$ 110,147
Provision for investor reserves	11,204	10,775	29,872	103,616
Realized losses	(6,486)	(16,036)	(23,181)	(118,196)
Balance at end of period	$ 99,080	$ 95,567	$ 99,080	$ 95,567

Regulatory Minimum Net Worth,_2

Regulatory Minimum Net Worth, Capital Ratio and Liquidity Requirements (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Minimum adjusted net worth balance	$ 1,500,000,000	$ 1,568,586,000
Fannie Mae and Freddie Mac
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Minimum base net worth requirement	$ 2,500,000
Minimum net worth requirement, basis point component per outstanding UPB	0.25%
Minimum net worth required for compliance, basis point component per total non-agency single-family outstanding serving portfolio	0.25%
Minimum net worth requirement, basis point component per single-family effective outstanding obligations	0.35%
Minimum capital ratio requirement, adjusted/tangible net worth to total assets	0.06
Minimum liquidity requirement, basis points per servicing UPB	0.07%
Minimum liquidity requirement, basis points per GSE servicing actually collected	0.035%
Minimum liquidity requirement, basis points per other servicing UPB	0.035%
Minimum liquidity requirement, basis points per sum of mortgage	0.50%
Minimum liquidity requirement, basis points of UPB serviced for GSEs	0.02%
Minimum liquidity requirement, committed/unused agency mortgage servicing advance lines of credit, threshold percentage	50%
Ginnie Mae
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Minimum base net worth requirement	$ 2,500,000
Minimum net worth required for compliance, basis point component per total non-agency single-family outstanding serving portfolio	0.25%
Minimum net worth requirement, basis point component per single-family effective outstanding obligations	0.35%
Minimum net worth required for compliance, basis point component per total GSE single-family outstanding servicing portfolio balance	0.25%
Minimum capital ratio requirement, adjusted/tangible net worth to total assets	0.06
Minimum liquidity requirement, basis points per servicing UPB	0.10%
Minimum liquidity requirement, basis points of UPB serviced for GSEs	0.10%
Minimum liquidity requirement, basis points of UPB serviced	0.05%
Minimum liquidity requirement, liquid assets, basis points per outstanding GSE single-family servicing UPB	0.07%
Minimum liquidity requirement, liquid assets, basis points per outstanding GSE single-family servicing UPB actually collected	0.035%
Minimum liquidity requirement, liquid assets as basis points per outstanding single-family MBS	0.50%

Segments - Schedule of Key Oper

Segments - Schedule of Key Operating Data for Business Segments (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			2
Segment Reporting Information [Line Items]
Gain on sale of loans, net	$ 844,390	$ 572,123	$ 2,302,172	$ 1,636,155
Interest income	108,566	93,868	309,961	241,369
Interest expense on funding facilities	(101,820)	(67,059)	(234,556)	(161,683)
Servicing fee income	373,796	344,061	1,074,219	1,054,037
Changes in fair value of MSRs	(878,311)	12,765	(934,744)	(343,137)
Other income	300,327	247,410	814,334	678,722
Total revenue, net	646,948	1,203,168	3,331,386	3,105,463
Change in fair value of MSRs due to valuation assumptions, net of hedges	676,073	(201,248)	383,036	(219,746)
Adjusted revenue	1,323,021	1,001,920	3,714,422	2,885,717
Less: Directly attributable expenses	701,305	634,967	2,060,349	1,947,992
Contribution margin	621,716	366,953	1,654,073	937,725
Reportable Segments
Segment Reporting Information [Line Items]
Gain on sale of loans, net	833,984	562,647	2,269,907	1,609,615
Interest income	108,566	94,048	309,961	241,369
Interest expense on funding facilities	(102,142)	(66,960)	(234,556)	(161,432)
Servicing fee income	372,363	342,719	1,070,022	1,050,264
Changes in fair value of MSRs	(878,311)	12,765	(934,744)	(343,137)
Other income	173,589	157,299	460,779	437,787
Total revenue, net	508,049	1,102,518	2,941,369	2,834,466
Change in fair value of MSRs due to valuation assumptions, net of hedges	676,073	(201,248)	383,036	(219,746)
Adjusted revenue	1,184,122	901,270	3,324,405	2,614,720
Less: Directly attributable expenses	615,859	538,993	1,797,162	1,705,583
Contribution margin	568,263	362,277	1,527,243	909,137
Reportable Segments | Direct to Consumer
Segment Reporting Information [Line Items]
Gain on sale of loans, net	665,825	460,559	1,783,221	1,326,953
Interest income	58,549	50,644	167,237	134,250
Interest expense on funding facilities	(55,068)	(36,124)	(126,430)	(89,516)
Servicing fee income	372,363	342,719	1,070,022	1,050,264
Changes in fair value of MSRs	(878,311)	12,765	(934,744)	(343,137)
Other income	167,794	153,868	447,048	426,542
Total revenue, net	331,152	984,431	2,406,354	2,505,356
Change in fair value of MSRs due to valuation assumptions, net of hedges	676,073	(201,248)	383,036	(219,746)
Adjusted revenue	1,007,225	783,183	2,789,390	2,285,610
Less: Directly attributable expenses	551,248	479,307	1,615,101	1,514,113
Contribution margin	455,977	303,876	1,174,289	771,497
Reportable Segments | Partner Network
Segment Reporting Information [Line Items]
Gain on sale of loans, net	168,159	102,088	486,686	282,662
Interest income	50,017	43,404	142,724	107,119
Interest expense on funding facilities	(47,074)	(30,836)	(108,126)	(71,916)
Servicing fee income	0	0	0	0
Changes in fair value of MSRs	0	0	0	0
Other income	5,795	3,431	13,731	11,245
Total revenue, net	176,897	118,087	535,015	329,110
Change in fair value of MSRs due to valuation assumptions, net of hedges	0	0	0	0
Adjusted revenue	176,897	118,087	535,015	329,110
Less: Directly attributable expenses	64,611	59,686	182,061	191,470
Contribution margin	112,286	58,401	352,954	137,640
All Other
Segment Reporting Information [Line Items]
Gain on sale of loans, net	10,406	9,476	32,265	26,540
Interest income	0	(180)	0	0
Interest expense on funding facilities	322	(99)	0	(251)
Servicing fee income	1,433	1,342	4,197	3,773
Changes in fair value of MSRs	0	0	0	0
Other income	126,738	90,111	353,555	240,935
Total revenue, net	138,899	100,650	390,017	270,997
Change in fair value of MSRs due to valuation assumptions, net of hedges	0	0	0	0
Adjusted revenue	138,899	100,650	390,017	270,997
Less: Directly attributable expenses	85,446	95,974	263,187	242,409
Contribution margin	$ 53,453	$ 4,676	$ 126,830	$ 28,588

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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment reporting reconciliation [Line Items]
Contribution margin, excluding change in MSRs due to valuation assumptions	$ 621,716	$ 366,953	$ 1,654,073	$ 937,725
Change in fair value of MSRs due to valuation assumptions, net of hedges	(676,073)	201,248	(383,036)	219,746
Contribution margin, including change in MSRs due to valuation assumptions	(54,357)	568,201	1,271,037	1,157,471
Salaries, commissions and team member benefits	607,526	589,584	1,702,042	1,772,498
General and administrative expenses	221,074	199,399	690,691	595,214
Depreciation and amortization	28,607	27,636	83,633	83,678
Interest and amortization expense on non-funding debt	38,620	38,354	115,349	115,021
Other expenses	47,912	37,164	128,817	105,191
(Loss) income before income taxes	(497,319)	117,625	(6,907)	(159,992)
Expenses Not Allocated to Segments
Segment reporting reconciliation [Line Items]
Salaries, commissions and team member benefits	219,730	240,186	617,329	683,713
General and administrative expenses	140,143	142,110	408,994	430,818
Depreciation and amortization	28,607	27,636	83,633	83,678
Interest and amortization expense on non-funding debt	38,620	38,354	115,349	115,021
Other expenses	$ 15,862	$ 2,290	$ 52,639	$ 4,233

Non-controlling Interest - Sche

Non-controlling Interest - Schedule of Non-controlling Interest Ownership (Details) - Holdings - shares	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Noncontrolling Interest [Line Items]
Holdings units (in shares)	1,993,799,710	1,984,693,656
Ownership percentage	100%	100%
Rocket Companies Inc.
Noncontrolling Interest [Line Items]
Holdings units (in shares)	144,920,227	135,814,173
Ownership percentage	7.27%	6.84%
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	92.67%	93.10%

Share-based Compensation - Narr

Share-based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
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)	434,822	802,759	1,685,807	2,475,858
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	1,100,000,000		13,500,000,000
Estimated future expense	$ 22,500		$ 180,300
Award vesting period	3 years
Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)			1,100,000,000
Award vesting period			3 years

Share-based Compensation - Sche

Share-based Compensation - Schedule of Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 39,928	$ 42,092	$ 109,925	$ 144,748
Rocket Companies, Inc sponsored plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	39,830	41,721	109,609	144,205
Rocket Companies, Inc sponsored plans | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	36,440	37,722	101,841	121,889
Rocket Companies, Inc sponsored plans | Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	2,091	0	3,975	0
Rocket Companies, Inc sponsored plans | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	15	2,877	45	18,925
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	1,284	1,122	3,748	3,391
RHI and subsidiary plans | Subsidiary plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 98	$ 371	$ 316	$ 543

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Class of Stock [Line Items]
Share-based compensation arrangement by share-based payment award, options, outstanding, number	1,848,879,483		1,848,879,483
Stock Options
Class of Stock [Line Items]
Antidilutive securities excluded from computation of diluted EPS (in shares)	14,757,544	18,673,390	14,817,544	18,673,390
Restricted Stock Units
Class of Stock [Line Items]
Antidilutive securities excluded from computation of diluted EPS (in shares)	1,140,223	8,285,164	23,251,181	9,755,719
Performance stock units
Class of Stock [Line Items]
Antidilutive securities excluded from computation of diluted EPS (in shares)			1,055,408	0
Team Member Stock Purchase Plan
Class of Stock [Line Items]
Antidilutive securities excluded from computation of diluted EPS (in shares)			76,490	0
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						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share Reconciliation
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (481,424)	$ 177,925	$ 290,714	$ 114,945	$ 139,152	$ (411,483)	$ (12,785)	$ (157,386)
Net loss (income) attributable to non-controlling interest	459,413			(108,739)			8,284	152,507
Net (loss) income attributable to Rocket Companies	(22,011)			6,206			(4,501)	(4,879)
Numerator:
Net (loss) income attributable to Class A common shareholders - basic	(22,011)			6,206			(4,501)	(4,879)
Add: Reallocation of Net (loss) income attributable to dilutive impact of pro-forma conversion of Class D shares to Class A shares	(350,140)			82,585			0	(115,420)
Add: Reallocation of Net (loss) income attributable to dilutive impact of share-based compensation awards	(2,357)			255			0	(207)
Net (loss) income attributable to Class A common shareholders - diluted	$ (374,508)			$ 89,046			$ (4,501)	$ (120,506)
Denominator:
Weighted average shares of Class A common stock outstanding - basic (in shares)	141,763,221			129,390,501			139,475,981	126,971,718
Add: Dilutive impact of conversion of Class D shares to Class A shares (in shares)	1,848,879,483			1,848,879,483			0	1,848,879,483
Add: Dilutive impact of share-based compensation awards (in shares)	12,653,811			5,722,366			0	3,352,781
Weighted average shares of Class A common stock outstanding - diluted (in shares)	2,003,296,515			1,983,992,350			139,475,981	1,979,203,982
(Loss) earnings per share of Class A common stock outstanding - basic (in dollars per share)	$ (0.16)			$ 0.05			$ (0.03)	$ (0.04)
(Loss) earnings per share of Class A common stock outstanding - diluted (in dollars per share)	$ (0.19)			$ 0.04			$ (0.03)	$ (0.06)
Restricted Stock Units
Numerator:
Add: Reallocation of Net (loss) income attributable to dilutive impact of share-based compensation awards	$ (2,234)			$ 252			$ 0	$ (200)
Denominator:
Add: Dilutive impact of share-based compensation awards (in shares)	11,995,156			5,668,240			0	3,244,244
Performance stock units
Numerator:
Add: Reallocation of Net (loss) income attributable to dilutive impact of share-based compensation awards	$ (111)			$ 0
Denominator:
Add: Dilutive impact of share-based compensation awards (in shares)	593,285			0
Stock Options
Numerator:
Add: Reallocation of Net (loss) income attributable to dilutive impact of share-based compensation awards	$ (5)			$ 0
Denominator:
Add: Dilutive impact of share-based compensation awards (in shares)	27,123			0
TMSPP
Numerator:
Add: Reallocation of Net (loss) income attributable to dilutive impact of share-based compensation awards	$ (7)			$ 2			$ 0	$ (7)
Denominator:
Add: Dilutive impact of share-based compensation awards (in shares)	38,247			54,126			0	108,537