Rocket Pro TPO, the wholesale arm of Rocket Mortgage, announced Monday that it has decided to waive the $795 origination fee charged to broker partners on home equity loans.

“When you think about what home equity looks like or represents across the country, there’s a record-breaking home equity, with homeowners sitting on almost $17 trillion,” Rocket Pro TPO executive vice president Mike Fawaz said in an interview.

“There’s a ton of demand when it comes to looking for cash out. However, as we all know, borrowers don’t want to touch their first mortgages because they have lower interest rates, which details ⇒

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