AUSTIN, Texas, August 11, 2022--Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for banking and lending, and Rocket Mortgage, America’s largest mortgage lender and a part of Rocket Companies (NYSE: RKT), today announced a new partnership enabling Q2 banks and credit unions to offer Rocket Mortgage’s digital home loan application experience, with live mortgage assistance, inside of Q2’s online banking platform.
Shares of the largest mortgage originator in the country, Rocket Companies (NYSE: RKT), were trading roughly 6.3% lower as of 10:33 a.m. ET today after the company reported earnings results for the second quarter of the year. Rocket reported diluted earnings per share of just $0.02 on total revenue of nearly $1.4 billion, both of which missed estimates for the quarter. Closed loan origination volume in the quarter came in at just $34.5 billion, down from $83.7 billion in the second quarter of 2021.
At this time, I'd like to welcome everyone to the Rocket Companies' second quarter 2022 earnings call. Good afternoon, everyone, and thank you for joining us for Rocket Company's earnings call covering the second quarter of 2022. With us this afternoon are Rocket Companies' CEO, Jay Farner; our CFO, Julie Booth; and our president and COO, Bob Walters.