What does partner network — servicing fee income mean?

This represents the recurring revenue earned for performing administrative tasks on behalf of mortgage loan investors, such as collecting payments and managing escrow accounts. It is generated from the portfolio of loans originated through the partner network that the company continues to service. This provides a stable, annuity-like revenue stream compared to the cyclical nature of loan origination.

Rocket Companies RKT Partner Network — Servicing fee income

Other segment segments

Direct to Consumer

$1.08B+170%

Similar metrics at other companies

UPSTServicing fees — Revenue from fees, net

$32.33M+41.7%

BCALServicing and related income on loans, net

$78K-45.1%

PFSIServicing Fee

$511.16M+9.5%

UPSTServicing and other fees, net — Revenue from fees, net

$52.45M+52.0%

FSEALoan Servicing Fee Income

$12K+100%

RWTServicing income, net

$2.6M+61.7%

Other financials

Income statement

See full

Revenue$2.9B+167%

Net income$297.0M+3,070%

EPS (diluted)$0.10+225%

Balance sheet

See full

Cash & equivalents$3.0B+108%

Total debt$10.4B+3,260%

Total equity$23.2B+171%

Total assets$59.4B+135%

Cash flow

See full

Operating cash flow$1.9B+333%

CapEx$43.0M+207%

Free cash flow$1.8B+324%

Valuation

See full

Market cap$36.92B+16.7%

Enterprise value$44.38B+65.4%

P/E228.8×+192×

P/S4.3×-2.2×

Profitability

See full

Net margin-1.8%-2.4pp

FCF margin-16.2%—

Returns & leverage

See full

Return on equity-1.2%-1.5pp

Debt / equity0.4×+0.4×

Where this comes from

Reported directly by Rocket Companies in its filing.

Tagged under the XBRL concept us-gaap:ContractuallySpecifiedServicingFeesAmount.

The official record: Rocket Companies’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

Ask your AI about Rocket Companies's partner network — servicing fee income.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Rocket Companies's partner network — servicing fee income?: Rocket Companies (RKT) reported partner network — servicing fee income of $0 in Q1 2026.
What does partner network — servicing fee income mean?: This represents the recurring revenue earned for performing administrative tasks on behalf of mortgage loan investors, such as collecting payments and managing escrow accounts. It is generated from the portfolio of loans originated through the partner network that the company continues to service. This provides a stable, annuity-like revenue stream compared to the cyclical nature of loan origination.