Austin Niemiec to lead Rocket Pro as Dan Sogorka departs
Austin Niemiec will take the helm of Rocket Pro, the broker channel of Rocket Mortgage, following the departure of Dan Sogorka.
Mortgage
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PennyMac reports Q4 profit of $107M as origination growth offsets MSR runoff
PennyMac’s Q4 2025 net income reached $106.8M as higher mortgage production offset servicing income declines from prepayments.
Rocket RESPA lawsuit is unique but faces early legal hurdles, attorneys say
The class-action lawsuit filed this week against Rocket Companies and its subsidiaries has drawn heightened attention from the mortgage industry as a wave of mergers and acquisitions accelerates the push toward vertically integrated business models.
Rocket CFO touts ‘all-weather’ model as mortgage market improves
Brian Brown, chief financial officer and treasurer for Rocket Companies, expects continued improvement in the mortgage market in 2026, building on momentum that emerged in the second half of 2025.
Rocket Companies hit with class-action lawsuit alleging steering, home-price inflation
Detroit-based Rocket Companies was hit with a class-action lawsuit on Monday that accuses one of the nation’s largest mortgage lenders of steering consumers to their loan products, “even though Rocket Mortgage’s terms are disadvantageous to the clients.”
Jason Mitchell Group adds LitFinancial to referral network
The Jason Mitchell Group facilitated more than 140,000 referrals in 2024 — resulting in $6 billion in closed sales volume.
TikTok forms US entity, easing social media marketing concerns for mortgage pros
TikTok’s U.S. joint venture averts a ban, adds data safeguards and brings clarity for mortgage lenders using the app.
AmeriTrust hires Shea Pallante as it preps for correspondent lending launch
AmeriTrust Mortgage Corp. has appointed Shea Pallante as chief revenue officer as the lender pursues a growth strategy that includes expanding into nondelegated correspondent channels and more than doubling its monthly origination volume.
Trump heads to Davos with housing ideas as industry looks for concrete fixes
Trade groups broadly welcome the administration’s focus on affordability at a time when mortgage rates remain above 6%, while stressing the need for additional detail and complementary policies.
Logan Finance taps Chuck Vaughn for correspondent lending leadership role
Logan Finance appoints Chuck Vaughn as managing director to lead correspondent lending and launch a delegated channel.