Rocket wants to reshape American homeownership – and Compass International Holdings is the key to making it happen.
The company collapsed during the three-year collaboration the 2025 earnings callheld Thursday, with CEO Varun Krishna and Chief Technology Officer Brian Brown commenting on Compass’s plans weaving in between stellar earnings results, including fourth-quarter revenue of $2.69 billion and quarterly profit of $68 million. These results were reinforced by a surge in mortgage activity at the end of the year as interest rates fell 6 percent.
The company moved along all year long $6.7 billionbut posted a net loss of $234 million.
Varun Krishna
“By now you’ve seen the news about our partnership with Compass, which is exciting,” Krishna said. “Everything we have done in the past now leads us to what will happen next. Every step is deliberate and focused on a new vision of homeownership in this country.”
The partnership, announced shortly before Rocket and Compass’ respective earnings calls, gives home sellers the ability to publish their Coming Soon listings on Redfin.com. These listings do not include days on market, home valuation estimates or other “negative insights,” Compass CEO Robert Reffkin said.
All buyer inquiries are sent directly to Compass listing agents, who do not have to pay referral fees. Compass “Private Exclusive” listings will also eventually appear on Redfin.com, the companies explained.
Krishna said the partnership “is designed to strengthen both sides of the market… attract more sellers, enable more buyers and create a new standard for the homeownership experience.”
Rocket CTO Brian Brown broke down the partnership into three parts:
- Redfin is now the home search portal for Compass’ private exclusives and upcoming offerings, which will differentiate advertising data and hopefully increase consumer traffic.
- Compass, with more than 340,000 agents working across its brands is now Redfin’s largest brokerage partner.
- Rocket is now Compass’ digital mortgage partner, expanding the reach of its Redfin preferred pricing bundle, which a 1 percent lower interest rate for the first year of the loan and until $6,000 in lender credits from Rocket Mortgage.
“At the end of the day, addressing affordability is about the consumer,” he said. “It’s about bringing more inventory and better mortgage prices to consumers at scale.”
Brown said the partnership highlights Rocket’s efficiency, which is ahead of schedule in integrating Redfin and Mr. Cooper into its ecosystem as a result of “bold steps in [artificial intelligence] and automation.”
The CTO said the company broke records in loan volume closed in the fourth quarter $47.3 billion. Redfin’s price bundle generated $1 billion in December production volume alone, he added, reflecting the strength of Rocket’s offering amid market fluctuations.
“All of this fuels our strategy and sets us apart,” he said. “The result is a home ownership platform with unparalleled scale across search, creation and servicing, powered by leading technology that is ready to $5 trillion market.”
After reviewing the rest of the company’s earnings data, Krishna and Brown answered questions from analysts eager to learn more about the partnership with Compass.
Brown offered some reassurance to Redfin’s agent network, saying the partnership is structured like Redfin’s existing Partner Network. The CTO said Redfin’s agents are “some of the most powerful” in the industry and will continue to “work on leads.” However, he said Redfin’s agent base is not large enough to meet all the demand generated through Redfin’s home search site.
“One of the things we were pretty clear about when we acquired Redfin was that we were going to expand that [lead] demand, and that’s happening now,” Brown said. “So the million leads [are] over the three-year period of the contract, but we are confident we will have sufficient demand to distribute to both Redfin agents and Compass agents.”
Meanwhile, Krishna brought the conversation back to housing affordability, saying the partnership addresses two main issues: inventory and an “expensive and fragmented” transaction experience.
“We see this every day in our approval pipeline: there is demand, but what buyers are really missing is access to quality inventory,” he said. “And just to give you one fact, about half of the homes for sale in this country have been on the market for 60 days or more. That’s three times what it was five years ago. So there’s some supply, but it’s not being efficiently matched to demand, and it’s not nearly as much as it should be.”
“This is really about structurally improving the way buyers and sellers connect, both improving inventory, creating a more efficient lead flow in the business model, and driving more seamless mortgage integration,” he added.
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