Rocket
Pro
TPO
tapped
Dan
Sogorka
as
its
general
manager
as
the
wholesale
arm
of


Rocket
Mortgage
looks
to
equip
broker
partners
with
better
technology.

Sogorka
will
spend
much
of
his
time
with
broker
partners
to
help
them
understand
the
technology
needed
on
the
Rocket
Pro
TPO
platform,
and
how
buyers
and
sellers
interact
with
Rocket’s
tools.

“We
want
to
provide
choice
for
brokers,
choice
for
their
consumers
and
the
best
tech
for
everybody
involved
in
the
process,”
Sogorka
told

HousingWire
in
an
interview
on
Tuesday.

“I’m
really
looking
forward
to
using
my
25
years’
experience
doing
mortgage
technology
in
a
new
way
as
we
kind
of
jump
into
the

gen
AI
era,
focusing
on
how
we
really
change
the
game
entirely
in
terms
of
everybody’s
experience
as
they
buy
and
refinance
homes.”

In
his
newly
created
position,
Sogorka
will
play
a
mediation
role
between
broker
partners
and
the
Rocket
Pro
TPO
leadership
team
to
bring
AI
technology
to
the
platform.

“I’m
looking
forward
to
partnering
closely
with
[Rocket
Pro
TPO’s
executive
vice
president
Mike]
Fawaz
and
his
team
and
the
broker
partners
on
what
we
need
to
do
immediately
to
make
life
better
for
you,
for
your
consumers,
and
for
the
home
buying
and
refinancing
journey,”
Sogorka
said. 

Through
the
onboarding
of
Sogorka,
Rocket
aims
to
reaffirm
its
vision
of
becoming
a
fintech
firm.
Under
the
helm
of

Rocket
Companies
CEO

Varun
Krishna,
a
veteran
in
the
financial
technology
world,
the
firm
piloted
an
AI
virtual
assistant,
automated
income
verification,
and
rolled
out
servicing
calls
and
chats
that
are
fully
self-served.

Sogorka
previously
served
as
CEO
and
president
of


Sagent,
a
software
development
company
with
a
servicing
management
platform
for
banks,
nonbanks
and
other
customers.

In
his
four-year
stint
at
Sagent,
Sogorka
and
his
team
modernized
Sagent’s
technology
by
bringing
its
platforms
to
the
cloud
while
building
a
single
data
and
user
experience
across
the
servicing
life
cycle.

Sogorka
also
served
for
more
than
14
years
as
a
business
unit
president
at

Black
Knight,
where
his
team
handled
nearly
70%
of
all
mortgages
processed
in
the
U.S.
while
managing
global
data
and
teams. Black
Knight
was
acquired
by

Intercontinental
Exchange
(ICE)
in
September
2023
for
$11.9
billion.

“Dan
comes
to
Rocket
with
a
proven
track
record
of
success
with
both
large
tech
companies
and
scrappy
start-ups,
paired
with
an
appetite
to
revolutionize
the
broker
space
by
leveraging
Rocket’s
quickly
expanding
data,
technology
and
AI
capabilities,”

Heather
Lovier,
chief
operating
officer
of
Rocket
Companies,
said
in
a
statement.

Among
Rocket’s
$24.6
billion
originations
in
Q2
2024,

$11.3
billion
came
from
its
third-party
originator
channel.

In
August,
Rocket
rolled
out
a

lender-paid,
temporary
buydown
program
for
lower-income
households
through
its
direct-to-consumer
and
TPO
channels.

The
program,
“Welcome
Home
RateBreak,”
is
available
to
buyers
in
all
50
states
who
are
purchasing
a
single-family
home
and
earning
80%
or
less
of
their
area
median
income
(AMI).
With
a
loan
limit
of
$350,000,
Rocket
will
fund
an
escrow
account
that
will
cover
the
difference
between
the
reduced
payment
and
what
the
payments
would
be
at
the
full
note
rate.

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