Fair value of originated MSRs
Rocket Companies Fair value of originated MSRs decreased by 5.4% to $688M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 159.6%, from $265M to $688M. 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
How to read this metric
Higher values indicate the creation of more valuable long-term servicing assets, often driven by higher interest rate environments or specific loan characteristics.
Detailed definition
This represents the initial fair value assigned to the right to service a mortgage loan at the time of its origination a...
Peer comparison
Common in mortgage banking; peers report this as part of their total gain-on-sale revenue.
revenue_mortgage_servicing_right_fair_value_on_originationHistorical Data
| 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 | $222.8M | $345.55M | $337.7M | $423.96M | $265M | $343.53M | $385.69M | $727.36M | $688M |
| 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% |
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 $688M 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 $265M to $688M.
- 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 estimated value of the right to collect payments on a loan, recorded when the loan is first originated.