Rocket wants to reimagine American homeownership — and Compass International Holdings is key to making it happen.
The company dove into the three-year partnership during its 2025 earnings call, held Thursday, with CEO Varun Krishna and Chief Technology Officer Brian Brown weaving commentary about it and Compass’ plans between stellar earnings results, including a Q4 revenue of $2.69 billion and quarterly profit of $68 million. Those results were bolstered by a year-end boost in mortgage activity as rates eased toward 6 percent.
For the full year, the company pulled in $6.7 billion, but logged a net loss of $234 million.
Varun Krishna
“By now you’ve seen the news of our partnership with Compass, which is exciting,” Krishna said. “Everything that we have done in the past is now leading us to what’s happening next. Every move is deliberate and focused by a new vision for homeownership in this country.”
The partnership, which was announced shortly before Rocket and Compass’ respective earnings calls, gives homesellers the option to syndicate their Coming Soon listings on Redfin.com. Those listings don’t include days on market, home valuation estimates, or other “negative insights,” Compass CEO Robert Reffkin said.
All buyer inquiries will be sent directly to Compass listing agents, who won’t be required to pay a referral fee. Compass “Private Exclusive” listings will eventually be displayed on Redfin.com as well, the companies explained.
Krishna said the partnership has been “designed to strengthen both sides of the market… sparking more sellers, enabling more buyers, and creating a new standard for the homeownership experience.”
Rocket CTO Brian Brown dissected the partnership into three parts:
- Redfin is now the exclusive home search portal for Compass’ private exclusives and coming-soon listings, which will differentiate its listing data and hopefully boost consumer traffic.
- Compass, with more than 340,000 agents working at its brands, is now Redfin’s largest brokerage partner.
- Rocket is now Compass’ digital mortgage partner, extending the reach of its Redfin preferred pricing bundle, which offers a 1 percent lower interest rate for the first year of the loan and up to $6,000 in lender credits from Rocket Mortgage.
“Ultimately, this is about the consumer in tackling affordability,” he said. “It’s about bringing more inventory to market and better mortgage pricing for 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 due to “bold moves in [artificial intelligence] and automation.”
The CTO said the company broke records for closed loan volume in Q4, generating $47.3 billion. Redfin’s pricing bundle generated $1 billion in origination volume in December alone, he added, reflecting the strength of Rocket’s offerings amid market fluctuations.
“All of this fuels our strategy and sets us apart,” he said. “The result is a home ownership platform with unrivaled scale across search, origination, and servicing, powered by leading technology primed to disrupt a $5 trillion market.”
After working through 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 leads.” However, he said, Redfin’s agent base isn’t big enough to handle all the demand generated from Redfin’s home search site.
“One of the things we were pretty clear about when we acquired Redfin is we were going to increase that [lead] demand, and that’s happening right now,” Brown said. “So the million leads [are] over the three-year period of the contract, but we strongly believe that we’ll have ample demand to pass out to both the Redfin agents and the Compass agents.”
Meanwhile, Krishna brought the conversation back to home affordability, saying the partnership addresses two main issues: inventory and an “expensive and fragmented” transaction experience.
“We see this every single day in our approval pipeline: demand exists, but what buyers really lack is just access to quality inventory,” he said. “And just to give you one factoid, you know, about half of the homes that are for sale in this country have been on the market for 60 days or more. That’s like three times higher than what it was five years ago. So there is some supply, but it’s not efficiently matched with demand, and it’s not nearly as much as it should be.”
“This is really about structurally improving how buyers and sellers connect, both improving inventory, creating a more efficient lead flow in the business model, and then driving a more seamless mortgage integration,” he added.
