Rocket Companies, Inc.

Good afternoon. My name is David and I'll be your conference operator today. At this time, I would like to welcome everyone to the Rocket Companies Inc. fourth quarter and full year 2022 earnings call. Today's conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there'll be a question and answer session. If you'd like to ask a question during this time, simply press the star key followed by the number one on your telephone keypad. If you'd like to withdraw your question, press star one once again. To allow everyone an opportunity to ask a question, we ask that you please limit yourselves to one question and one follow-up. Thank you, Sharon Ng, Head of Investor Relations. You may begin your conference.

Good afternoon, everyone, and thank you for joining us for Rocket Company's earnings call covering the fourth quarter and full year of 2022. With us this afternoon are Rocket Company CEO Jay Farner, our current director and future interim CEO, Bill Emerson, our president and COO, Bob Walters, and our chief financial officer, Brian Brown. Earlier today, we issued our fourth quarter and full year earnings release, which is available on our website at rocketcompanies.com under investor info. Also available on our website is an investor presentation. Before I turn things over to Jay, let me quickly go over our disclaimers. On today's call, we provide you with information regarding our fourth quarter and full year 2022 performance, as well as our financial outlook. This conference call includes forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions we mentioned today. We encourage you to consider the risk factors contained in our SEC filings for a detailed discussion of these risks and uncertainties. We undertake no obligation to update these statements as a result of new information or further events, except as required by law. This call is being broadcast online and is accessible on our investor relations website. A recording of the call will be posted later today. Our commentary today will also include non-GAAP financial measures. Reconciliations between GAAP and non-GAAP metrics for our reported results can also be found in our earnings release issued earlier today as well as in our filings with the SEC. And with that, I'll turn things over to Jay Farner to get us started.

Jay? Thanks, Sharon. Good afternoon and welcome to the Rocket Company's earnings call for the fourth quarter and full year of 2022. Today, we're going to recap last year's achievements and highlight how we continue to innovate to enhance the Rocket client experience. We'll also discuss how we've put key pieces of our client engagement program in place with the goal of lifting conversion, and lowering our cost to acquire clients, and ultimately expanding our purchase market share and extending client lifetime value. But first, I want to take a moment to talk about the leadership transition we announced a few weeks ago. As you know, on June 1st, I will be retiring from my role as CEO. The last 27 years of Rocket, and in particular the last six as CEO, have been among the most rewarding experiences of my life. We've accomplished so much together as a team, And I've made many lifelong friends. With all the excellent work accomplished in 2022 and into 2023, I believe now is the right time to step aside so I can spend more time with my family while the company continues on its journey, executing on these transformational strategies. I have to thank Dan Gilbert specifically. His mentorship and friendship for nearly three decades is something I'll always appreciate. One thing is for certain. I have tremendous confidence in this team's ability to continue to execute the company's strategy. We have the brightest minds in the business, and the depth and breadth of our leadership team has set the bar for the industry. My confidence also stems from the fact that Bill Emerson is taking the reins as interim CEO upon my departure. Many of you know Bill, as he served as the CEO of Rocket Mortgage for 15 years. We've remained close, and he's continued to lend his advice and his counsel. He has a true passion for rocket companies, and we will work closely together to ensure a seamless transition. Bill, would you like to share any thoughts?