RKT shares were trading at $23.07 per share on Wednesday morning, up $0.03 (+0.13%). That’s because of RKT’s larger size and the massive investments in technology and marketing the company recently made. However, it’s my opinion that if you’re to pick one of these companies to invest in, RKT is a better stock right now. In 2021, I believe both of these stocks should perform similarly. LDI has a 12-month average target price of $23.73, which is 12.25% higher than its current trading price. Investors should also note that both of these stocks went public within the past 12 months, which means they could be more volatile than companies that have been established on public markets for a long period of time.Īnalysts tracking RKT have a 12-month average target price of $26.33 which is 14% higher than its current trading price. However, with mortgage rates climbing, it’s expected that their 2021 results won’t be as impressive. We have seen both RKT and LDI deliver stellar results in 2020. It is a popular asset for originators like LDI as its value rises with a corresponding increase in interest rates. At the end of 2020, LDI held $103 billion in its unpaid principal balance mortgage servicing book. In 2020, the company’s sales more than tripled to $4.3 billion while its net income stood at $2 billion. This margin is basically the difference between the retail and wholesale cost of mortgage. Its gain on sale margin stood at 4.27% in 2020, up from the prior-year figure of 2.81%. Competitors may offer no origination fees. Origination fee: Rocket Loans personal loans come with an origination fee of 1.00 - 6.00. Low minimum loan amount: If you need a small loan, Rocket Loans offers loans for as little as 2,000. In 2020, loan originations rose 122% to $100.8 billion. Same day funding: You may be able to get up to 45,000 the day you apply for a Rocket Loan. In Q4 of 2020, LDI originated $37.4 billion in loans, a sequential increase of 38%. It has funded over $275 billion in mortgage loans since its inception. LDI was launched in 2010 and has quickly gained traction to become one of the largest retail mortgage lenders and the second-largest non-bank mortgage lender in the U.S.
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