Operating
Fair value of originated MSRs
Rocket Companies Fair value of originated MSRs decreased by 5.4% to $688.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 159.6%, from $265.00M to $688.00M. Over 4 years (FY 2021 to FY 2025), Fair value of originated MSRs shows a downward trend with a -18.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryGrowth
SignalHigher is better
VolatilityVolatile
First reportedQ1 2018
Last reportedQ1 2026May 12, 2026
How to read this metric
Higher values indicate successful origination of high-quality, long-term servicing assets.
Detailed definition
This represents the estimated fair value of the rights to service mortgage loans that are recognized at the time of loan...
Peer comparison
Specific to mortgage lenders and financial institutions with servicing portfolios.
Metric ID:
operating_mortgage_servicing_right_fair_value_on_originationHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $857.11M | $907.24M | $926.84M | $796.62M | $459.47M | $426.28M | $288.28M | $204.56M | $314.84M | $330.63M | $241.97M | $222.80M | $345.55M | $337.70M | $423.96M | $265.00M | $343.53M | $385.69M | $727.36M | $688.00M |
| QoQ Change | — | +5.8% | +2.2% | -14.1% | -42.3% | -7.2% | -32.4% | -29.0% | +53.9% | +5.0% | -26.8% | -7.9% | +55.1% | -2.3% | +25.5% | -37.5% | +29.6% | +12.3% | +88.6% | -5.4% |
| YoY Change | — | — | — | — | -46.4% | -53.0% | -68.9% | -74.3% | -31.5% | -22.4% | -16.1% | +8.9% | +9.8% | +2.1% | +75.2% | +18.9% | -0.6% | +14.2% | +71.6% | +159.6% |
Range$204.56M – $926.84M
CAGR-4.5%
Avg YoY Growth+2.9%
Median YoY Growth+0.8%
Fair value of originated MSRs at Other Companies
Frequently Asked Questions
- What is Rocket Companies's fair value of originated msrs?
- Rocket Companies (RKT) reported fair value of originated msrs of $688.00M in Q1 2026.
- How has Rocket Companies's fair value of originated msrs changed year-over-year?
- Rocket Companies's fair value of originated msrs increased by 159.6% year-over-year, from $265.00M to $688.00M.
- What is the long-term trend for Rocket Companies's fair value of originated msrs?
- Over 4 years (2021 to 2025), Rocket Companies's fair value of originated msrs has grown at a -18.3% compound annual growth rate (CAGR), from $3.86B to $1.72B.
- What does fair value of originated msrs mean?
- The value created by the right to service a mortgage loan after it is originated.