Apply Online
Schedule a Call

Rocket Mortgage

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, […]

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

Rocket grows revenue to $6.7B, expands market share in 2025

Compass, Earnings, HWmember, LendingLife, Mortgage, Mr. Cooper, Origination, Redfin, Rocket Companies, Rocket Mortgage /

Rocket Companies Inc. wrapped up 2025 with higher revenues and growing mortgage activity, the company reported Thursday in its fourth-quarter and full-year 2025 earnings report. For the full year, Rocket reported total revenue of $6.7 billion and a GAAP net loss of $234 million, or $0.05 per diluted share. On an adjusted basis, revenue was

Rocket grows revenue to $6.7B, expands market share in 2025 Read More »

Rocket’s acquisitions lift Q4, 2025 still down

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

Rocket Cos. ended what has been a monumental year for the company with significantly reduced fourth quarter earnings contributing to a loss for all of 2025. Processing Content GAAP net income of $68 million compared with a net loss of $124 million in the third quarter but net income of $649 million in the fourth

Rocket’s acquisitions lift Q4, 2025 still down Read More »

Rocket, Compass join forces on Redfin listings

Originations, Real Estate, Rocket Mortgage /

Rocket Mortgage is partnering with Compass to share listings on Redfin, in a major deal which also includes pricing promotions.  Processing Content The companies Thursday announced a 3-year partnership for Compass to share its “Coming Soon” and “Private Exclusive” listings to Redfin, which they said could bring over 500,000 more listings on Redfin. Rocket offerings

Rocket, Compass join forces on Redfin listings Read More »

Rocket Pro executive Mike Fawaz leaves the megalender

Rocket Pro executive Mike Fawaz leaves the megalender

CAREER & COMPENSATION, Career moves, Mortgage brokers, Rocket Mortgage /

Rocket Pro leader Mike Fawaz, one of the company’s most public-facing leaders, has left his position.  Processing Content The executive vice president, who’s been with Rocket since 2011, made his announcement in a Linkedin post Monday, and his employer confirmed his departure Tuesday. Housingwire first reported the news. His exit comes two weeks after general

Rocket Pro executive Mike Fawaz leaves the megalender Read More »

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

Exclusive: Mike Fawaz announces departure from Rocket Pro Read More »

Rocket Mortgage alleges $194,000 loss in broker fraud lawsuit

California, HWmember, Lawsuit, Legal, Michigan, Mortgage, Mortgage Fraud, Rocket Mortgage, United Wholesale Mortgage /

Rocket Mortgage has sued a California mortgage brokerage and one of its executives, alleging they knowingly submitted fraudulent loan applications that concealed borrowers’ debts and caused financial losses after the loans were sold to investors. In a complaint filed Tuesday in the U.S. District Court for the Eastern District of Michigan, Rocket Mortgage said Sharp

Rocket Mortgage alleges $194,000 loss in broker fraud lawsuit Read More »

Rocket sues broker over repurchases in case involving UWM

Law and legal issues, Mortgage brokers, Originations, Rocket Mortgage /

Rocket Mortgage is suing a broker for originating loans for his customers with United Wholesale Mortgage days before the Detroit giant funded additional loans for those same borrowers. Processing Content The lender’s repurchase lawsuit, filed Tuesday in Michigan, does not accuse UWM of wrongdoing, nor does it name the company as a defendant.  The complaint

Rocket sues broker over repurchases in case involving UWM Read More »

Sogorka leaving Rocket Pro, Niemiec returns as role shifts

Sogorka leaving Rocket Pro, Niemiec returns as role shifts

CAREER & COMPENSATION, Career moves, Mortgage brokers, Rocket Mortgage /

Daniel Sogorka, the general manager of Rocket Pro since September 2024, is leaving the post, the parent company confirmed. Processing Content News about Sogorka’s departure was first announced internally on Friday and was first reported in several mortgage industry publications. Dan Sogorka, general manager at Rocket Pro TPO.Courtesy of Rocket Cos. He said his time

Sogorka leaving Rocket Pro, Niemiec returns as role shifts Read More »

Austin Niemiec to lead Rocket Pro as Dan Sogorka departs

HWmember, LendingLife, Mortgage, Origination, Rocket Companies, Rocket Mortgage, Team Leaders /

Austin Niemiec will take the helm of Rocket Pro following the departure of Dan Sogorka, according to people familiar with the transition who spoke to HousingWire. Niemiec will retain his title as chief revenue officer of Rocket Mortgage but will focus exclusively on the broker and correspondent channel through Rocket Pro. He will report to

Austin Niemiec to lead Rocket Pro as Dan Sogorka departs Read More »