"That platform allowed us to scale," Rocket Companies CEO Jay Farner told CNBC's Jim Cramer when explaining the company's record quarterly results.
The Detroit-based company, which began trading on the public market in August, posted triple-digit loan volume in the third quarter amid a low interest rate environment spurred by the coronavirus pandemic." host Jim Cramer. "That platform allows us to scale." Mortgage data show that homebuying demand last week slipped to its lowest level in half a year, though"We were doing about $15 billion a month at the start of the year and in October we did over $30 billion in one month in closed volume, and that's just that technology combined with the great brand we've got," Farner said.
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