The lawsuit alleged that Rocket funneled leads to real estate agents who in turn steered clients to Rocket Mortgage. Plaintiffs also alleged that Rocket acquired Redfin to bring its steering practices “in house.”

New offering lets homebuyers save up to $20,000 on a home purchase or sale when they use Rocket and a Redfin agent.

“There’s probably more capital out there than what can truly trade on the MSR side,” said Chris King, a senior vice president of MSR channels at Rocket Mortgage.

Redwood has begun marketing one expanded-credit MBS and one jumbo MBS.

An Ohio appeals court ruled that a lower court erred in granting Rocket Mortgage summary judgment in an employee discrimination lawsuit.

Austin Niemiec, chief revenue officer at Rocket Mortgage, will now head the lender’s wholesale channel as it looks to expand partnerships with brokers.

The lender accused Sharp Loan of concealing borrowers’ debts on three loan applications. Rocket claims undisclosed loans were facilitated by Sharp with United Wholesale Mortgage.

The non-agency product has gone from a niche offering to mainstream, with Rocket becoming the latest prominent lender to offer DSCR loans.

Refi activity at United Wholesale Mortgage and Rocket Mortgage in the third quarter overshadowed any competing lenders.

Rocket Mortgage claims it had no authority to correct the alleged discriminatory appraisal connected to a refinance application. The lender said it expects to be vindicated.