By KIMBERLEY HAAS The new executive vice president of Rocket Pro TPO took to social media on Tuesday to question the actions of United Wholesale Mortgage’s CEO. Mike Fawaz, who served as senior vice president of sales before recently being promoted to EVP, published a piece called “Mortgage Brokers – Still Truly Independent?” on LinkedIn…
By KIMBERLEY HAAS A United States district court judge in Michigan has granted in part United Wholesale Mortgage’s motion to dismiss complaints in an ultimatum lawsuit filed by America’s Moneyline. According to court documents, on Dec. 22 Judge Laurie Michelson dismissed fraud and promissory estoppel claims, as well as all but one declaratory-judgment subclaim. Lawyers…
Rocket Pro TPO’s executive vice president recently turned heads with an opinion piece claiming United Wholesale Mortgage represents a massive threat to America’s mortgage brokers and their future independence. In the piece called “America’s Mortgage Brokers Face an Unprecedented Threat to their Independence,” Austin Niemiec said leaders at UWM have reduced broker optionality by contractually forcing their brokers to…
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