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Rocket Mortgage

Rocket expands on VantageScore 4.0 pilot for agency, VA loans

Credit Score, FHFA, FICO, HWmember, LendingLife, Mortgage, Origination, Rocket Companies, Rocket Mortgage, VantageScore /

Rocket Mortgage and Rocket Pro provided additional details this week on their rollout of VantageScore 4.0 in mortgage lending after officially announcing last week that they have started using VantageScore 4.0 alongside Classic FICO scores. Heather Lovier, chief operating officer of Rocket Companies, told HousingWire that VantageScore 4.0 can currently be used for Fannie Mae, Freddie Mac and […]

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Rocket Mortgage, Rocket Pro adopt VantageScore 4.0

Credit Score, FICO, HWmember, Mortgage, Mortgage Broker, Origination, Rocket Companies, Rocket Mortgage, VantageScore /

Rocket Mortgage and Rocket Pro announced Thursday that they have begun using VantageScore 4.0 alongside Classic FICO scores in the mortgage qualification process, a move the company said is aimed at expanding access to home financing. Rocket’s crosstown rival, United Wholesale Mortgage (UWM) began allowing its brokers to access both FICO and VantageScore credit scoring models for conventional loans

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Rocket confirms VantageScore availability for retail and TPO

Rocket confirms VantageScore availability for retail and TPO

LOAN PRODUCTS, Originations, Rocket Mortgage, Underwriting /

Rocket Mortgage and its third-party originations unit Rocket Pro have begun utilizing the VantageScore 4.0 model, a company statement said. Processing Content It will be doing this alongside the Classic FICO model, which has been in vogue since automated underwriting was introduced by the government-sponsored enterprises. This is now live in both channels at Rocket.

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Rocket, Redfin roll out buyer incentives and new products

Industry News, MARKETING TO BORROWERS, Redfin, Rocket Mortgage /

Rocket Cos. is encouraging homebuyers and sellers to use its mortgage lending subsidiary and recently-acquired Redfin with the launch of a new offering. Processing Content Eligible buyers and sellers can save up to $20,000 on their next home when they buy and sell with a Redfin agent and finance with Rocket Mortgage, the companies announced

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Rocket nearly tops UWM with $44.7B in recapture-driven volume

Earnings, M&A, MARKETING TO BORROWERS, Originations, Rocket Mortgage, Servicing /

Rocket Cos. came oh-so-close to reclaiming the top spot among mortgage originators in the first quarter. Processing Content The company, which acquired Redfin and Mr. Cooper last year, had closed loan volume of $44.7 billion. Its Detroit rival, United Wholesale Mortgage, ended the period with $44.9 billion. Pennymac trailed with $37 billion. But when asked

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Rocket Pro extends 100 bps broker credit into May

Compass, HWmember, Mortgage, Non-QM, Origination, Purchase Market, Rocket Companies, Rocket Mortgage /

Rocket Pro is extending a key pricing incentive for mortgage brokers through May while also expanding its non-QM product offerings, moves aimed at helping brokers close more loans in a challenging housing market. The moves are part of the February 2026 promise the Detroit-based company made to its business partners: a “Power Play” announcement on

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HousingWire Mortgage Rankings: Rocket leads 2025 top originators

CrossCountry Mortgage, HWmember, JPMorgan Chase, LendingLife, Mortgage, Mortgage Rankings, Origination, Rate, Rocket Mortgage, Veterans United Home Loans /

Shant Banosian doesn’t believe that retail mortgage lenders are at a cost disadvantage when pitted head-to-head against wholesale competitors. Banosian, the Massachusetts-based originator and president of Chicago-based Rate, pointed to data showing that independent mortgage banks (IMBs) and their retail-heavy presence are responsible for 84% of single-family mortgages in the U.S. Although wholesale lenders do

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Rocket moves to dismiss RESPA suit, citing safe harbor and lack of injury

Amrock, Lawsuit, Legal, LendingLife, Mortgage, Real Estate Settlement Procedures Act, Redfin, Rocket Companies, Rocket Mortgage /

Detroit-based Rocket Companies this week moved to dismiss a lawsuit alleging violations of the Real Estate Settlement Procedures Act (RESPA), arguing that plaintiffs failed to demonstrate injury, relied on claims beyond the one-year statute of limitations and did not sufficiently plead unjust enrichment. The class-action suit, filed in late January, alleges that homebuyers who began

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Rocket sees new allegations of ADA violations

Industry News, Law and legal issues, Mortgages, Rocket Mortgage /

A former Rocket Mortgage employee is accusing the company of creating a hostile workplace and violating the American with Disabilities Act due to her medical conditions, according to a new discrimination lawsuit.  Processing Content In legal documents filed in Michigan federal district court in March, the former employee, Ashley Isberg, said company leaders intentionally derailed

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Lenders offer pricing promos in anticipation of a hot market

Marketing, MARKETING TO BORROWERS, Mortgage Rates, Originations, Rocket Mortgage, UWM /

Mortgage lenders are rolling out new promotions as they compete for borrowers in a fluctuating rate environment, with both refinancing and purchase incentives becoming more common. Processing Content United Wholesale Mortgage recently introduced two offers: one providing a 75 basis point boost on conventional and government refinancings, and another offering a $600 appraisal credit for

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