![]() ![]() The solar industry in the U.S is at a growth inflection point, with more than 2 million solar installations in the U.S., reaching a record high in 2020. We recently announced our entry into the solar energy industry to help make American homes more energy efficient.In Q2'21, one of the largest online sellers of used cars joined Rocket Auto's partnership network, giving Rocket Auto access to tens of thousands of additional used cars to sell through its constantly expanding platform. Gross Merchandise Value 2 for Q2 '21 was $484 million, more than tripling year-over-year. Rocket Auto, our automotive retail marketplace, facilitated the sale of 15,600 auto units, up more than 9,200 units, or 143%, as compared to Q2'20.Rocket's iBuyer program, facilitated through third-party partner companies, will be released over the next several quarters. Rocket Homes recently announced a comprehensive suite of services that includes: credit reporting, and marketplaces, on-staff real estate agents, a nationwide network of trusted real estate professionals, iBuying services to provide a back-up offer to sellers - along with direct connections to Rocket Mortgage, America's largest mortgage lender, and Amrock, a premier closing and settlement services provider.This mortgage attach rate is among the highest in the industry and the increased level of engagement that occurs when clients work with both Rocket Homes and Rocket Mortgage drives higher levels of lead conversion for Rocket Mortgage. In addition, approximately 70% of Rocket Homes closings involve both an agent in the Rocket Homes real estate agent network and Rocket Mortgage. In Q2'21, Rocket Homes' agent referral network drove a record $2 billion real estate transaction value, representing the value of homes purchased and sold through our real estate agent network., the home search site, reached nearly 2 million average unique monthly visitors, increasing six-fold in Q2 '21 as compared to Q2 '20. Rocket Homes, our tech-based real estate service provider and home search site, grew its home search tool and now includes listings from all 50 states.There is a strong correlation between this metric and client lifetime value, and we believe our net client retention rate is unmatched among mortgage companies and on par with some of the best performing subscription business models in the world. Our Rocket Mortgage net client retention rate was 90% over the 12 months ended June 30, 2021.Power awards in the last 12 years, including its 11 consecutive rankings for mortgage origination, making it the most awarded company in the study. This is the 8th consecutive year Rocket Mortgage has earned the accolade, which is based entirely on client feedback collected by the independent research firm. The award recognizes the outstanding client service Rocket Mortgage provided to help clients during the pandemic. ![]() Rocket Mortgage was again named #1 in the nation for client satisfaction in mortgage servicing by J.D.Our servicing portfolio includes approximately 2.4 million clients and generates more than $1 billion of recurring servicing fee income on an annualized basis. Grew servicing book unpaid principal balance to $507 billion at June 30, 2021, up 34% from Jand 50% from June 30, 2019.Our Adjusted EBITDA margin was 46% for Q2 '21, which compares to 30% for Q2 '19, demonstrating the scalability of our platform. Achieved Adjusted EBITDA of $1.3 billion during Q2 '21, more than triple Q2 '19 levels.Generated net income of $1.0 billion, which exceeded full year 2019 net income of $0.9 billion and Adjusted Net Income of $0.9 billion during Q2 '21, which was more than triple Q2 '19 levels, demonstrating the scalability of our platform.Generated $376.4 million of other income in Q2 '21, driven primarily by Amrock, our title insurance services, property valuation, and settlement services company, which generated 260,300 closings, up 193% from Q2 '19.Our purchase volume was nearly double both Q1'21 and Q2'20 levels, driven by our focus on a superior, technology-driven client experience, product innovation and our integrated, end-to-end home buying ecosystem. ![]()
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