Origination

After closing its merger with Caliber, the company also hopes to pare down expenses by at least 10%.

But the number of prospects remains at the high end of its pre-pandemic range.

Values are predicted to increase by just a fraction of the rate they had in 2020, CoreLogic said.

A majority of the 49 economists in the survey predicted the U.S. central bank will begin the taper in November and wrap it up by mid-2022, curbing the current $120 billion monthly buying pace by reducing Treasuries by $10 billion a month and mortgage-backed securities by $5 billion.

The company, which was accused of cutting corners in originations by a former top executive, produced $32 billion in the third quarter and is guiding between $26 billion and $31 billion in the fourth.

When added to other staffing and acquisitions additions since year-end 2019, the mortgage services provider has more than tripled the company’s headcount.

Recent offerings come with lower age-eligibility requirements compared to traditional government-backed home equity conversion mortgages.

Rocket, already the nation's No. 1 lender, is looking to increase market share

If lenders build this technology, data suggests that borrowers will come walking out of the cornfields for it — but Congress needs to pass the SECURE Act first.

The company is making progress on a focus shift to recurring revenues from transactional activities.