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Relationships with brokers will be terminated on Dec. 6, but company officials stressed there would be no impact to its loan servicing or other mortgage channels.
November 15
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The move formalizes the use of the Rocket Mortgage moniker, which has been a major part of the company’s branding since 2016.
May 12
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The company's second-quarter net income was $116 million, with mortgage banking revenue of $239 million.
July 28
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Mike Weinbach will lead consumer lending as part of a reorganization that will change the responsibilities of three longtime bank executives.
February 11
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Santander Bank's U.S. unit will be eliminating 80 mortgage-related positions as it withdraws from the third-party origination sales channel and refocuses on producing home loans through its branch network.
August 21
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FB Financial is selling its correspondent lending channel to Rushmore Loan Management Services, which will complete the bank holding company's restructuring of its mortgage business.
June 27
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The company plans to sell its third-party origination channel to Renasant. It has also lined up a deal to sell its correspondent channel.
April 1
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University Bancorp gained a number of offices from Huron Valley Financial. It also hired lenders and staff with experience in reverse mortgages and wholesale lending.
March 23 -
Tight margins, regulatory clarity and a renewed appetite to expand have made mortgage brokers and the wholesale channel attractive again, at least to the small and medium mortgage lenders.
March 8
