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Rocket Companies, Inc. (RKT) CEO Jay Farner Presents at Credit Suisse 25th Annual Technology Conference (Transcript)

Dec. 01, 2021 6:26 PM ETRocket Companies, Inc. (RKT)
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Rocket Companies, Inc. (NYSE:RKT) Credit Suisse 25th Annual Technology Conference December 1, 2021 3:45 PM ET

Company Participants

Jay Farner - CEO

Conference Call Participants

Timothy Chiodo - Credit Suisse

Timothy Chiodo

Okay. Thank you. Welcome, everyone, to the afternoon session here on Wednesday. This is the second day of our 25th Annual Credit Suisse Technology Conference. We're very happy to have with us today the team from Rocket. With us today specifically on stage, we have the CEO, Jay Farner.

Jay, I want to thank you and your full team for traveling here to Arizona.

Jay Farner

Yes, absolutely happy to be here.

Question-and-Answer Session

Q - Timothy Chiodo

All right. Excellent. So we're going to get right into the questions. And I think the best place to start is with the term fintech, and really, in many ways, Rocket is the original fintech company. So maybe for those that are maybe newer to the story, you could back up and let us know how Rocket essentially became that first fintech, a little bit of history.

Jay Farner

Yes, of course. Well, for those out there watching who don't know Rocket that well, we've been in business for 36 years, started as Rock Financial, Quicken Loans for many, many years and now Rocket Companies. And the mission of our organization since the mid-90s was leveraging technology and then the Internet to grow our business.

And at that point in time, obviously, we're just a small mortgage lender. We've now worked our way to the largest mortgage lender in the country. And I think that for us, although it is important to have a great client experience and the front end, the app, the website, need to be very user-friendly, real fintech is about the back-end platform.

It's about the

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