Tension between long-time rivals United Wholesale Mortgage and Rocket Pro TPO, formerly Quicken Loans Mortgage Services, reached a new boiling point after the top wholesale lender in the nation announced it will no longer work with brokers who also work with Rocket Mortgage.
Mat Ishbia, president and CEO of UWM, gave brokers and owners just over a week to sign an addendum saying they are not working with Rocket Pro TPO.
And Rocket wasn’t alone in being called out. Ishbia also issued the mandate to anyone who works with Fairway Independent Mortgage Corp.
“I’ve had many brokers call me upset, frankly,” Austin details ⇒
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