Tag Archives: Rocket Mortgage

Rocket Mortgage, Solidifi among defendants in appraisal bias suit

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Prosecutors allege appraisal that erased $220,000 from Denver duplex’s value discriminated against Black owner and thwarted her attempt to refinance at lower rates. Continue reading →

Rocket hires Venmo, PayPal vet to lead product engineering teams

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Papanii Okai will help the mortgage giant harness artificial intelligence and build out fintech platform connecting its real estate, lending and personal finance subsidiaries. Continue reading →

Sonar by Simplist blends AI to flatten mortgage operations

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The intent of Sonar is to create a vertical user experience to flatten the process for creating, working and delivering mortgage products. Continue reading →

Homebuyers get a break as big lenders redefine ‘jumbo mortgage’

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CrossCountry Mortgage joins Rocket, Pennymac, UWM and Rate in raising conforming loan limit above current $766,550 cap for Fannie Mae and Freddie Mac ahead of an official announcement. Continue reading →

There’s another rewards card aimed at homeowners: Mesa

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Austin, Texas-based startup won’t have the space to itself, but partner Visa and backers providing $7.2 million in seed funding led by Streamlined Ventures like the company’s odds. Continue reading →

Pennymac joins Rocket in boosting conforming loan limit to $802,650

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Lenders have gotten into the habit of helping some homebuyers avoid jumbo loans by raising their limits before an official announcement by Fannie Mae and Freddie Mac’s federal regulator. Continue reading →

Rocket is first mortgage lender to raise its conforming loan limits

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Rocket will treat loans of up to $802,650 as conforming ahead of expected increase. Last year UWM and Guaranteed Rate also got a jump on the official announcement. Continue reading →

Dan Sogorka tapped to grow Rocket’s wholesale channel

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In a newly created role at Rocket Pro TPO, the former Sagent CEO is tasked with winning more business from mortgage brokers by leveraging Rocket’s data, technology and AI capabilities. Continue reading →

Rocket funding 2-year rate buydowns for low-income buyers

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Lender creates and funds an escrow account that’s used to cover the difference between the full monthly mortgage payment and the payment with the reduced rate until the buydown expires. Continue reading →

UWM shares at 3-year high on prospect of refi ‘mini boom’

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In Q2 earnings, the nation’s largest mortgage lender posted a healthy $76 million profit, paid down debt, and said it’s in prime position to capitalize and grow as mortgage rates drop. Continue reading →