Results for: Rocket Mortgage

The U.S. Department of Justice (DOJ) has filed a lawsuit against Rocket Companies, alleging that they discriminated against a Black homeowner by undervaluing her home in a mortgage refinancing appraisal. The lawsuit also claims Rocket Mortgage interfered with the homeowner’s rights by canceling her refinancing application after she reported the discrimination. The DOJ alleges the appraisal company used sales data from neighborhoods with larger Black populations to undervalue the home.

Rocket Companies has appointed Dan Sogorka as General Manager of Rocket Pro Third Party Origination (TPO), the mortgage broker business of Rocket Mortgage. Sogorka, with extensive experience in mortgage technology, aims to leverage Rocket’s AI capabilities to revolutionize the broker space, offering brokers and their clients an enhanced experience with streamlined processes and competitive pricing.