Rocket Companies' Strong Acquisition Synergies and Attach Rate

2 months ago

Brian Brown

"Great question. Thank you. I think one other thing I'd highlight is we did come out on our last earnings call and say that we have our total synergy target on the expense side of $140 million, only four months in. That's great. Now, we will fully realize that in the fourth quarter, which I think we laid out a two-year time frame full expense synergy. To your point, it's going really well. One thing I always think about, too, and sometimes I think shareholders don't give us enough credit for this is, mortgage attach is really exciting to your point, and we're well ahead of plan there. We said, our goal was 50%. We're already at 42, again, four months in, and that's really exciting."

Brian Brown, CFO of Rocket Companies, emphasizes the company's effective execution of its acquisition strategy. He highlights a $140 million expense synergy target achieved only four months into integration, and notes an impressive mortgage attach rate of 42% against a target of 50%. This commentary underscores Rocket's competitive advantage and operational efficiency as it combines its acquisitions to drive growth.

Related Stocks