Sogorka, a former Business Unit President at
Black Knight and CEO of mortgage technology firms Sagent and
Cloudvirga, named General Manager of Rocket Mortgage's unit serving
mortgage brokers
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DETROIT, Sept. 3,
2024 /PRNewswire/ -- Rocket Companies (NYSE: RKT)
today announced it has named Dan
Sogorka as General Manager of Rocket Pro Third Party
Origination (TPO), the mortgage broker business of Rocket Mortgage,
effective September 3.
In this newly created role, Sogorka will be responsible for
establishing the end-to-end vision and growth of Rocket's broker
business. Sogorka will ensure the lender's products and processes
align best with the needs of the mortgage broker community and
plans to leverage Rocket Mortgage's significant AI technologies and
platform to push well beyond the tools currently available to this
important market segment.
"Mortgage brokers play a critical role in the homebuying process
and are a vital part of helping millions of clients reach their
dreams," said Heather Lovier, Chief
Operating Officer of Rocket Companies. "There has not been truly
significant evolution in this space for decades. 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."
Sogorka will lead Rocket Pro TPO during a pivotal time in the
home finance industry, with nearly one in five home loans
facilitated by a mortgage broker. As one of the largest and most
influential lenders in this space, Rocket empowers broker partners
and their clients with leading technology, streamlined processes
and competitive pricing. Sogorka will collaborate with Rocket's
technology and product development teams to ensure the experience
mortgage brokers have in Rocket's suite of comprehensive tools is
unlike anything they've experienced before – bringing value to them
and the clients they serve.
"I've spent decades leveraging technology to simplify the
complex home financing process. Now, I'm eager to tap into that
skillset to bring the broker community into the future," said
Sogorka. "With mortgage brokers being such a large part of the
market, my role will be to supercharge brokers to educate, engage
and help their clients be successful homebuyers and owners."
Sogorka previously served as CEO and president of Sagent, a
well-known fintech company that designs and builds digital mortgage
servicing platforms. His leadership helped drive a period of
intense growth for the company. He and his team modernized Sagent's
technology by bringing its platforms to the cloud and building a
single data and user experience across the servicing lifecycle.
Sogorka fostered strong relationships with many large mortgage
servicers, gaining an in-depth view of the home loan process from
origination through servicing.
Before his time at Sagent, Sogorka was CEO of Cloudvirga – an
innovative digital mortgage point-of-sale system. Cloudvirga was
the first fintech exclusively focused on automating manual tasks
that save brokers and loan officers hours and days in the critical
early stages of the mortgage process.
Sogorka was also a business unit president at mortgage tech
powerhouse Black Knight, where he spent nearly 15 years. During his
time at Black Knight, Sogorka and his team touched nearly 70% of
all mortgage loans processed in the U.S. and managed global data
and teams, all while delivering multiple "industry first"
transaction platforms. Throughout this period, Sogorka built
and maintained relationships with some of the most prominent
leaders in the mortgage industry.
"This is an exciting milestone for Rocket and deeply strengthens
our commitment to brokers for the long term" said Varun Krishna, CEO of Rocket Companies. "After
getting to know Dan and the wealth of experience he brings to
Rocket, I'm confident he will accelerate our strategy and
impact."
The lender most recently announced "Welcome Home RateBreak" an
exclusive 2-1 temporary buydown program paid for by the company.
Mortgage brokers can click here to learn more about Rocket Pro TPO
and become a partner.
Forward Looking Statements
Some of the statements contained in this document are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements are generally identified by the use of words such as
"anticipate," "believe," "could," "estimate," "expect," "intend,"
"may," "plan," "potential," "predict," "project," "should,"
"target," "will," "would" and, in each case, their negative or
other various or comparable terminology. These forward-looking
statements reflect our views with respect to future events as of
the date of this document and are based on our management's current
expectations, estimates, forecasts, projections, assumptions,
beliefs and information. Although management believes that the
expectations reflected in these forward-looking statements are
reasonable, it can give no assurance that these expectations will
prove to have been correct. All such forward-looking statements are
subject to risks and uncertainties, many of which are outside of
our control, and could cause future events or results to be
materially different from those stated or implied in this document.
It is not possible to predict or identify all such risks. These
risks include, but are not limited to, the risk factors that are
described under the section titled "Risk Factors" in our Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q, Current
Reports on Form 8-K, and other filings with the Securities and
Exchange Commission ("SEC"). These factors should not be construed
as exhaustive and should be read in conjunction with the other
cautionary statements that are included in this document and in our
SEC filings. We expressly disclaim any obligation to publicly
update or review any forward-looking statements, whether as a
result of new information, future developments or otherwise, except
as required by applicable law.
About Rocket Companies
Founded in 1985, Rocket Companies (NYSE: RKT) is a Detroit-based fintech platform company
consisting of personal finance and consumer technology brands
including Rocket Mortgage, Rocket Homes, Amrock Title and
Settlement Services, Rocket Money and Rocket Loans.
With more than 65 million call logs each year, 10 petabytes of
data and a mission to Help Everyone Home, Rocket Companies is well
positioned to be the destination for AI-fueled homeownership. Known
for providing exceptional client experiences, J.D. Power has ranked
Rocket Mortgage #1 in client satisfaction for primary mortgage
origination and mortgage servicing a total of 22 times – the most
of any mortgage lender.
For more information, please visit our Corporate
Website or Investor Relations Website.
About Rocket Mortgage
Detroit-based Rocket Mortgage
is the largest mortgage lender and is a part of Rocket Companies
(NYSE: RKT).
The lender enables the American Dream of homeownership and
financial freedom through its obsession with an industry-leading,
digital-driven client experience. In late 2015, it introduced the
first fully digital, completely online mortgage experience. Since
its founding in 1985, Rocket Mortgage has closed more than
$1.8 trillion of mortgage volume
across all 50 states.
J.D. Power has ranked Rocket Mortgage #1 in client satisfaction
for primary mortgage origination and mortgage servicing a total of
22 times – the most of any mortgage lender. For 21 years, Rocket
Companies – Rocket Mortgage's parent company – has been included on
Fortune Magazine's list of the 100 Best Companies to Work For,
ranking among the top-30 companies every year.
About Rocket Pro TPO
Rocket Pro TPO is a division of Rocket Mortgage and a part of
Rocket Companies, Inc. (NYSE: RKT). It works exclusively with
mortgage brokers, correspondent lenders, community banks and credit
unions. Rocket Pro TPO's partners provide the face-to-face service
their clients desire, while tapping into the technology, expertise
and award-winning process from Rocket Mortgage. The partner loan
officer creates, and maintains, the relationship with the client.
Rocket Mortgage approves, underwrites, processes and closes the
loan in its name – or sells the loan to Rocket after the mortgage
closes if it was originated as a correspondent loan. For more
information, visit RocketProTPO.com
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SOURCE Rocket Companies, Inc.