General World News

Rocket rolls out new initiative with $0 credit report fees for brokers

Rocket Pro TPO, a wholesale arm of Rocket Mortgage, will be providing credit reports at no cost for brokers when closing loans through the Detroit lender. The strategy is expected to court more brokers in an industry facing higher credit report fees. 

Rocket Pro TPO’s executive vice president Mike Fawaz said in an interview with HousingWire that the Fee Freedom initiative rolled out on Monday morning and aims to give the broker community “tools” to drum up business.

“The market has changed when it comes to credit report fees (…)  we’re experiencing credit report fees increase across the board,” Fawaz said.  

“A details ⇒

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