Richard Shane
JPMorgan Chase & Co, Research Division

I'm Rick Shane with JPMorgan. Please join me in welcoming Varun Krishna, CEO of Rocket. Varun joined in 2023 and in that time, has really embarked on a journey taking Rocket from what I think we all saw as a mortgage company to what I think is fairly described as a homeownership platform. Along the way, acquired Redfin, acquired Mr. Cooper and most recently announced a new partnership with Compass.

Interestingly enough, Varun really does come to this from a technology background, having been a tech executive throughout his career. I think personally, we are on the cusp of transformation in one of the most important sectors and one of the most important industries within financial services. So delighted to have Varun join us today. Thank you for being here.

Varun Krishna
CEO & Director

Of course, my pleasure. Good to be here, Rick.

Richard Shane
JPMorgan Chase & Co, Research Division

Look, 3 years ago you joined, a lot has changed, not only in the industry, but at Rocket. Walk us through the changes that you've implemented and where you see this is going?

Varun Krishna
CEO & Director

Yes. I mean I'll start by saying that Rocket is a very, very special company. I don't think that -- I've been at a lot of companies through my career, tech, consumer, fintech, enterprise, B2B and it's a very special place. And when I came to Rocket, there were a couple of just key observations for me. Having meandered a little bit around fintech through most of my career, I kind of saw