The company said the shift drove double-digit improvements in conversion and contributed an incremental $1 billion in closed loan volume per month during Q1. That’s on top of the incremental $1 billion per month added in the fourth quarter of 2025.
Total net rate lock volume for the quarter hit $49.4 billion, with closed origination volume of $44.7 billion. Gain on sale margin was 2.74% overall, and 3.22% excluding correspondent lending.
Home equity loans and jumbo loans – both higher-margin product categories – more than doubled year-over-year in the quarter, reflecting expanding product depth across Rocket’s distribution network.
Broker channel and Redfin integration in focus
For mortgage professionals working in the wholesale and broker channel, Rocket Pro remained central to the company’s partner strategy in Q1. In February 2026, Rocket Pro launched its ‘Power Play’ initiative, offering broker partners up to 100 basis points of stacked pricing credit through an integration with real estate brokerage Compass.
The program combines purchase credits with agent connectivity tools, designed to give brokers a sharper competitive edge on purchase transactions.
