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Rocket Pro doubles broker credits with Compass deal, unveils ‘Jupiter’ LOS

HWmember, LendingLife, Mortgage, Mortgage Broker, Rocket Companies, Rocket Mortgage, Technology /

Rocket Pro, the wholesale lending arm of Rocket Mortgage, announced a partnership with Compass to offer additional credits to brokers. It also unveiled a new loan origination system during its Ignite26 event on Thursday. Under a new program called Pro Purchase Power, brokers will receive 40 basis points when working with a Compass buyer’s agent, […]

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Exclusive: Mike Fawaz announces departure from Rocket Pro

HWmember, LendingLife, Mortgage, Mortgage Broker, People Movers, Rocket Companies, Rocket Mortgage, Team Leaders, Wholesale Lending /

Mike Fawaz said Monday that he’s departing Rocket Pro after roughly 15 years with the company and plans to announce his next steps in March. “After nearly 15 years, I have made the thoughtful decision to step away from Rocket,” Fawaz said in a statement given to HousingWire. “After significant reflection, I believe this is

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NEXA Lending CEO Mike Kortas explains why he’s buying shell companies

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NEXA Lending CEO Mike Kortas is in the process of acquiring several shell companies to build joint ventures, he said in an exclusive interview with HousingWire on Monday.  “They are for multiple JVs with large teams, agencies, builders and strategic partnerships,” Kortas said without providing details on each transaction, which he said will be announced

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The Loan Store doubles wholesale mortgage volume in 2025

Arizona, HWmember, LendingLife, Mortgage, Mortgage Broker, Non-QM, Origination, Underwriting, Wholesale Lending /

In a wholesale mortgage market dominated by giants, Arizona-based lender The Loan Store (TLS) has found a way to grow quickly by hiring a team of “samurai” account executives and underwriters from across the industry and picking up loans that others would deny. In the first nine months of 2025, the company doubled its origination

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AD Mortgage survey reveals positive 2026 outlook

HWmember, Lenders, Mortgage, Mortgage Broker, Mortgage Rates, Non-QM /

AD Mortgage on Thursday released its first Mortgage Professionals Pulse Report & 2026 Outlook, which offers a glimpse into broker sentiment, performance, challenges and expectations based on a survey of more than 300 mortgage professionals nationwide. The survey, conducted in late November and early December, found that 70% of respondents said 2025 was a better

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Rising credit report costs may push mortgage industry toward upfront fees

Credit Score, FICO, HWmember, LendingLife, Mortgage, Mortgage Broker, Origination, Retail Lending, VantageScore /

Kevin Bell, a mortgage broker at Oakmont Lending, had to adjust to a different approach to handling credit report costs when he joined the company from a retail lender earlier this year. Oakmont charges borrowers upfront, while Stockton Mortgage Corp., where Bell worked for about three years as a branch manager, follows the industry standard

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UWM announces three new broker tools at AIME Fuse

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United Wholesale Mortgage (UWM) on Friday announced three new tools to help independent mortgage brokers streamline loan processing, improve workflow efficiency and expand marketing efforts. The announcement, made at the Association of Independent Mortgage Experts’ (AIME) Fuse conference in Nashville, introduced UWM’s Income Calculator, Loan Lab and an upgraded version of Brand 360 created in

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Griffin Funding alleges West Capital Lending, former LOs diverted borrower leads

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loanDepot wasn’t the first mortgage lender to accuse West Capital Lending (WCL) of engaging in unlawful business practices — allegations that have drawn renewed attention to the tensions between retail mortgage lenders and brokerages in California. The cases spotlight the transfer of leads and borrowers when loan officers move between companies, raising questions about the

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Rocket Pro unveils broker-focused initiatives at RPX in Detroit

HWmember, Mortgage, Mortgage Broker, Origination, Rocket Companies, Rocket Mortgage /

Rocket Pro on Tuesday unveiled a slate of broker-focused initiatives affirming its commitment to the broker channel. The announcements, made at Rocket Pro Experience (RPX) held in Detroit, involve a set of 10 partner promises, a new manifesto video and several technology rollouts. The company unveiled 10 partner promises outlining its public commitment to brokers.

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Rocket Pro unveils broker-focused initiatives at RPX in Detroit

HWmember, Mortgage, Mortgage Broker, Origination, Rocket Companies, Rocket Mortgage /

Rocket Pro on Tuesday unveiled a slate of broker-focused initiatives affirming its commitment to the broker channel. The announcements, made at Rocket Pro Experience (RPX) held in Detroit, involve a set of 10 partner promises, a new manifesto video and several technology rollouts. The company unveiled 10 partner promises outlining its public commitment to brokers.

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