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Flourish launches mortgage platform to help RIAs retain assets

Flourish launches mortgage platform to help RIAs retain assets

Cash, Fintech, Industry News, Mortgage brokers, RIAs, Technology, Wealth management /

On Tuesday, advisor tech provider Flourish launched a residential mortgage platform aimed at helping RIAs prevent asset outflows to banks and wirehouses during home financing decisions.  Processing Content The new offering, Flourish Lending, is available to more than 1,100 RIA firms on the platform and supports refinancing, cash-out refinancing and new home purchase loans of […]

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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

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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

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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

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Nexa ordered to pay Platinum One $280,000 in damages

Industry News, Law and legal issues, Mortgage brokers /

The latest chapter in the legal battles between Nexa Mortgage cofounders favored Mat Grella and his company, Platinum One Lending, as a Michigan judge dismissed Nexa CEO Mike Kortas’ claims. Processing Content Judge Michael Warren ruled that $350,000 transferred to Platinum One was an equity investment from Nexa, not a loan, like Kortas claimed. He

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Nominations open for 2026 Top Producers

Mortgage brokers, Originations, Purchase, Refinance, Top Producers /

National Mortgage News is pleased to announce the launch of the 2025 Top Producers Survey. Processing Content IMPORTANT: All entries MUST be completed by the individual loan officer or company representative. Unless noted, a response is required for all questions. Click here to access the online survey. The deadline for all submissions is 6 p.m.

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UWM offer pricing promo to brokers for its 40th anniversary

M&A, Marketing, MARKETING TO BORROWERS, Mortgage brokers, Originations, UWM /

United Wholesale Mortgage is running a pricing promotion in honor of its 40th anniversary. Processing Content Under this latest program, UWM 40, mortgage brokers have a 40-basis-point pricing incentive through the end of February on conventional, Federal Housing Administration, Veterans Affairs and U.S. Department of Agriculture mortgages. It can be applied to purchase loans as

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California broker fined for unlicensed activity

Law and legal issues, Mortgage brokers, Originations, Regulation and compliance /

A Southern California mortgage brokerage has reached a settlement with four states over claims of wrongdoing that included several allegations of unlicensed lending activity.  E Mortgage Capital, based in Irvine, California, agreed to settle with banking supervisors of Hawaii, Idaho, Oregon and Texas in late September following a multistate investigation that began in late 2023. 

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How a DOGE-cut employee became a full-time mortgage broker

How a DOGE-cut employee became a full-time mortgage broker

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

Ryan Alexander was on a cruise with his family when he received news he already felt in his bones was coming: the Department of Government Efficiency cut the project he was working on via his consultancy firm. He was officially out of a job. Though the news was jarring, Alexander’s family rallied around him—and encouraged

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UWM stays undefeated against brokerages fighting ‘All-In’

Law and legal issues, Mortgage brokers /

United Wholesale Mortgage’s All-In initiative, which rocked the broker world four years ago, continues to survive legal challenges.  A Michigan federal judge last week granted partial summary judgment to UWM in its case against America’s Moneyline, a brokerage accused of violating the ultimatum. The since-defunct brokerage admitted to selling numerous loans to both UWM and

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