How does Richemont compare to LVMH?
Rocket Companies (RKT) operates as a fintech platform centered on digital mortgage origination, real estate services, and financial solutions, generating its revenue primarily through gain-on-sale margins, loan origination fees, and mortgage servicing rights. The company makes money predominantly by underwriting, processing, and closing residential mortgages through its automated Rocket Mortgage platform, and subsequently selling those loans to secondary market investors while retaining servicing rights. Additional revenue streams are captured through monthly mortgage servicing fees collected from homeowners, title closing services, home equity loans, and ancillary real estate brokerage partnerships.
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