We anticipate that we'll share more information in the new year. Hey, good afternoon. Our high recapture rate serves as a natural hedge to our retention rate. Because our recapture rate is 4.6 times the industry average, we generate even more revenue from increased loan origination volume. Maybe you could talk about that a little bit more. And so remember, we've got a 35-year track record here, I think, of allocating capital in a pretty strategic manner. ET on November 10, 2020 to discuss its results for the quarter ended September 30, 2020. A … I'm sure you were watching the television, listening to radio and going online as much as I was, and it was hard to see an ad that wasn't related to the election. Was there anything this quarter as you think about the spend there and the timing maybe into spring selling '21? These companies join others, including Allstate and Liberty Mutual, in helping provide a digital solution to lenders looking to confirm the presence of an insurance policy in real time, eliminating the need to manually call to confirm, a process that is deceptively tedious. And I guess based on where you're running, I think you're above 7.5% year to date, maybe closer to 8% in the quarter, although I know you don't manage to any one individual quarter. Matt Roswell -- RBC Capital Markets -- Analyst. Our marketplace has reached a significant inflection point due to consumers demanding a simple, digital experience, and I'm proud to say Rocket Mortgage is executing at enormous scale. Stock analysis for Rocket Cos Inc (RKT:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. OK, great. That's extremely helpful. And then I'd like you to think about the Rocket Auto business that we are excited about because that also tends to skew to a younger demographic. We also invested approximately $900 million in marketing over the same time frame. It's -- the area is ripe for disruption. In the last several months, Nexsys, our title and closing technology company, announced it had partnered with insurance leaders Farmers and Lemonade to simplify homeowners' insurance verifications using its Clear HOI platform. We remain in a strong liquidity position with total liquidity of $6.9 billion, which included $3.5 billion of cash as of quarter end. Our Rocket Can campaign has been incredibly successful, and we're proud to soon be rolling out a new slate of ads, including our first exclusively targeting the growing Latinx community. The program gives us the flexibility to take advantage of opportunities if we believe the market is undervaluing our business. ... † The Equity Summary Score provided by Thomson Reuters StarMine is current as of the date specified. We produced robust growth in both of our segments. Our new metric is calculated based on the clients who remain active with Rocket as a percentage of the total starting client base. Rocket Companies Inc (NYSE: RKT) shares fell about 3.3% on Wednesday after the company reported a record third quarter on Tuesday afternoon.. … RKT 's fiscal year ends in December. In addition, Amrock continues to be a trailblazer, digitizing the title industry much like Rocket Mortgage did for loan originations. But when we think about 2021, we're looking at businesses that will see substantial growth. As a result of shifting demographics and the ongoing pandemic, we are seeing a rapid acceleration in the long-term shift from physical to digital transactions across the industries where we participate. Date Event description Earnings per share actual Earnings estimate range Previous year's actual; November 10, 2020. Yeah. I don't think we give the specific number for that. We've demonstrated that for years, and that will continue to happen. Well, we do see other folks who participate in the mortgage and real estate space thinking about going public. JinkoSolar has generated $2.79 earnings per share over the last year and currently has a price-to-earnings ratio of 48.8. Based on what banks and mortgage lenders have publicly reported, we believe that our closed loan volume growth was substantially higher than the overall industry in the three nine months ended September 2020 compared to a year earlier. Subscribe to Premium to view Fair Value for RKT. Thanks for the question. Retention at these levels has never been seen in the mortgage business and rivals any subscription-based model across industries, including cable, streaming and wireless services. But maybe you can talk a little bit about where you are seeing success, and how we should think about the trajectory on that initial purchase volume and how that can contribute to the lifetime value, particularly if you're able to maintain those high retention rates. Although rate and term refinancing activity has been very high in 2020, we have historically had a balanced mix of originations. [Operator instructions] Please be advised that today's conference is being recorded. We generated record quarterly net rate lock volume of $94.7 billion, which represented a gain of 101% year over year. Henry Coffey -- WedbushSecurities -- Analyst. We are also adding hundreds of thousands of new clients into our ecosystem, creating an expanding foundation for future growth. I was wondering if we could think about the expense side going into the fourth quarter. Data is currently not available The companies in the list above are expected to release earnings this week. If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. Rocket Mortgage Q3 Earnings Echoe Commit... 11/11/20 Detroit-based Rocket Companies Inc (NYSE: RKT ), home to Rocket Mortgage and Quicken Loans, the largest retail mortgage lender, reported a … Our next question comes from the line of Bose George from KBW. This would be a Class A share repurchase program that we have announced. In the past, we have typically seen primary secondary spreads normalize within a month or two. Finally, I'd like to take a moment to talk about our approach to client retention, an increasingly important driver of our business. Thanks to the hard work of the entire Rocket Companies team, we achieved another quarter of incredible results. Returns as of 01/12/2021. Another one that I believe Julie referenced is the Mint partnership. And again, that takes good strong work from our technology team to be able to do that. That's a critical component. Ladies and gentlemen, thank you for standing by and welcome to the Rocket Companies, Inc. third-quarter 2020 earnings call. Our high net retention rate allows us to benefit from the continued cash flow from our servicing portfolio and also have the opportunity to interact with our clients in the businesses throughout our ecosystem. Is that a big part of the volume? Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. It is now where we work, where we teach our children and where we gather with friends, bringing new meaning and significance to the place where we live, our home. Thanks a lot. And then I guess to build on that, one of the key things that we look at is how quickly can you get people into the Rocket ecosystem. Good afternoon, everybody, and thanks for taking my questions. Or you want to push that to a different time? And here's I think something different for us that we benefit from out of a lot of other retention-type businesses is that we're profitable on the first transaction, as you saw today, very profitable. Yeah. And for right now, that is the amount that we're going to do is kind of what you see on our balance sheet there, about $250 million so far. Our exceptional brand marketing also continues to be a true differentiator in the industry. Just curious -- and they all seem to want to take market share. Demand for these products are driven by factors, including clients wanting to purchase a home, take cash out of their homes, reduce the terms on their mortgages, changes in their life situations and the demand for investment properties. RKT Upcoming Earnings (Q4): Earnings Date: November 10, 2020 Consensus EPS: Premium: Currently no data available. Additionally, Amrock is implementing machine learning and ethical AI into its workflow through its proprietary title decision engine, or TDE. If you back that out and look at what we're forecasting for production in Q4, it's very, very similar to what we accomplished in Q3. However since March, these spreads have remained well above historical averages. Good afternoon, everyone, and welcome to our third-quarter earnings call. And as you look out over the next few quarters based on what you're seeing today, just any sense for how long you think we can continue to operate with these elevated spreads? RKT announced Q3 earnings. What are those primary factors that we should think about for the puts and takes? In fact, I think we referenced that there are over one million decisions each day that are now automated, all bringing great efficiency to our platform, which is what makes it so scalable. Other Ticker Details VEC Company Name Vectrus Inc Earnings Call Date 10-11-2020 Time (ET) 16:30 Fiscal Quarter Q3 Fiscal Year 2020 Live Webcast URL [Operator instructions] I will now turn the call over to the company. Your line is open. In addition to leveraging our rich data insights, we continue to expand the ways we are reaching consumers through innovations, partnerships and marketing. Funded loan volume in our direct-to-consumer channel was up by 131% to $53.5 billion and increased in our Partner Network by 127% to $29.6 billion, both compared with the year-earlier quarter. Thanks. That's very helpful.And on the partner segment, exciting to hear about that new partnership that was struck last week, but curious on the Rocket Pro TPO changes this quarter. Your line is open. Well, great. And so we were able to offer 10,000 purchase leads to our TPO partners here as we rolled out the new Rocket Pro platform, and we'll be able to continue to do that. As a reminder, record gain-on-sale margins in the second quarter reflected our ability to rapidly scale our direct-to-consumer volume during a period of pandemic-related market disruption, particularly during April and May. So the retention rate and the recapture rate work together but also like are a natural hedge, I think Julie referenced, that really allows us to win, regardless of whether interest rates are rising or interest rates are falling. And if there's an opportunity to buy back shares that we think are undervalued, then we'll do so. Rocket Cos. Inc. analyst estimates, including RKT earnings per share estimates and analyst recommendations. We also, of course, saw increased media costs as we went into this quarter with the election. 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