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Rocket Mortgage Records $1B Q2 Profit on Surging Volume

Rocket Companies posted a $1.037 billion profit for the second quarter, while loan origination volume grew by 15% to $83.76 billion. So reports The Detroit News.

Rocket LoansJay Farner, CEO of the largest U.S. mortgage lender, said in an earnings call, “Based on the strength of demand at the top of our funnel, we believe both record purchase volume and record auto results would have been higher if not for inventory challenges."

Read the full article from The Detroit News.

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