Apr. 27 at 3:34 PM
$UWMC AI Response. The narrative to the question asked in the bottom field came back with RKT is perceived more as a fintech. People believe in their approach (Synergies, flywheels, ecosystem) and the rocket experience. <paraphrased>
This 'experience' now shows cracks forming in the RedFin and more recent misled investor GOSM of 2021 case.
My point is, I can literally point to lies and scrupulous interpretations from servicing flows while not modeling labor, or discussing MSR behavior with Collections, Rates... Promises of reducing expense, while paying more in stock...
Okay... so I am not buying into it mostly as I see it as a sales pitch to investors, with borrowers wanting help thru brokers and great rates - tangible things.