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Mortgage Technology Veteran Dan Sogorka to Lead Rocket's Broker Business Into AI-Driven Revolution

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Rocket Companies (NYSE: RKT) has appointed Dan Sogorka as General Manager of Rocket Pro Third Party Origination (TPO), effective September 3, 2024. Sogorka, with extensive experience in mortgage technology, will lead Rocket's broker business into an AI-driven revolution. His role involves establishing the vision and growth strategy for the broker business, leveraging Rocket Mortgage's AI technologies to enhance tools for mortgage brokers.

Sogorka's appointment comes at a important time, with nearly one in five home loans facilitated by mortgage brokers. His background includes leadership roles at Sagent, Cloudvirga, and Black Knight, where he drove technological advancements and growth in the mortgage industry. Rocket Companies aims to empower broker partners with leading technology, streamlined processes, and competitive pricing under Sogorka's leadership.

Rocket Companies (NYSE: RKT) ha nominato Dan Sogorka come Direttore Generale di Rocket Pro Third Party Origination (TPO), a partire dal 3 settembre 2024. Sogorka, con un'ampia esperienza nella tecnologia ipotecaria, guiderà l'attività dei broker di Rocket verso una rivoluzione guidata dall'IA. Il suo ruolo prevede di stabilire la visione e la strategia di crescita per l'attività dei broker, sfruttando le tecnologie AI di Rocket Mortgage per migliorare gli strumenti per i broker ipotecari.

La nomina di Sogorka avviene in un momento importante, con quasi un prestito su cinque facilitato da broker ipotecari. Il suo percorso include ruoli di leadership presso Sagent, Cloudvirga e Black Knight, dove ha sostenuto avanzamenti tecnologici e crescita nel settore ipotecario. Rocket Companies mira a potenziare i partner broker con tecnologie all'avanguardia, processi semplificati e prezzi competitivi sotto la guida di Sogorka.

Rocket Companies (NYSE: RKT) ha nombrado a Dan Sogorka como Gerente General de Rocket Pro Third Party Origination (TPO), a partir del 3 de septiembre de 2024. Sogorka, con amplia experiencia en tecnología hipotecaria, liderará el negocio de corredores de Rocket hacia una revolución impulsada por IA. Su papel implica establecer la visión y la estrategia de crecimiento para el negocio de corredores, aprovechando las tecnologías de IA de Rocket Mortgage para mejorar las herramientas para los corredores de hipotecas.

La nombramiento de Sogorka llega en un momento importante, con casi uno de cada cinco préstamos para viviendas facilitados por corredores de hipotecas. Su experiencia incluye roles de liderazgo en Sagent, Cloudvirga y Black Knight, donde impulsó avances tecnológicos y crecimiento en la industria hipotecaria. Rocket Companies tiene como objetivo empoderar a los socios corredores con tecnología líder, procesos simplificados y precios competitivos bajo el liderazgo de Sogorka.

로켓 컴퍼니즈 (NYSE: RKT)가 단 소고르카를 로켓 프로 제3자 자산 원개발 (TPO)의 총괄 매니저로 임명했습니다. 이는 2024년 9월 3일부터 효력을 발생합니다. 소고르카는 주택 대출 기술에 대한 풍부한 경험을 바탕으로 로켓의 브로커 비즈니스를 인공지능 기반의 혁명으로 이끌 것입니다. 그의 역할은 로켓 모기지의 인공지능 기술을 활용하여 모기지 브로커를 위한 도구를 향상시키는 브로커 비즈니스의 비전과 성장 전략을 수립하는 것입니다.

소고르카의 임명은 절대적으로 중요한 시점에 이루어졌으며, 거의 다섯 건 중 하나의 주택 대출이 모기지 브로커에 의해 촉진됩니다. 그의 경력은 사젠트, 클라우드비르가, 블랙 나이트에서의 리더십 역할을 포함하며, 이곳에서 그는 주택 대출 산업의 기술 발전과 성장을 추진했습니다. 로켓 컴퍼니즈는 소고르카의 리더십 하에 브로커 파트너에게 최고의 기술, 간소화된 프로세스 및 경쟁력 있는 가격으로 지원할 계획입니다.

Rocket Companies (NYSE: RKT) a nommé Dan Sogorka comme Directeur Général de Rocket Pro Third Party Origination (TPO), à compter du 3 septembre 2024. Sogorka, avec une vaste expérience dans la technologie hypothécaire, dirigera l'activité des courtiers de Rocket vers une révolution alimentée par l'IA. Son rôle consiste à établir la vision et la stratégie de croissance pour l'activité des courtiers, en tirant parti des technologies d'IA de Rocket Mortgage pour améliorer les outils destinés aux courtiers hypothécaires.

La nomination de Sogorka intervient à un moment important, avec près d'un prêt immobilier sur cinq facilité par des courtiers hypothécaires. Son parcours inclut des rôles de direction chez Sagent, Cloudvirga et Black Knight, où il a conduit des avancées technologiques et la croissance de l'industrie hypothécaire. Rocket Companies vise à autonomiser ses partenaires courtiers grâce à une technologie de pointe, des processus simplifiés et des prix compétitifs sous la direction de Sogorka.

Rocket Companies (NYSE: RKT) hat Dan Sogorka zum Geschäftsführer von Rocket Pro Third Party Origination (TPO) ernannt, mit Wirkung zum 3. September 2024. Sogorka, der über umfassende Erfahrung in der Hypothekentechnologie verfügt, wird das Broker-Geschäft von Rocket in eine KI-gesteuerte Revolution führen. Seine Rolle umfasst die Festlegung der Vision und Wachstumsstrategie für das Broker-Geschäft, indem die KI-Technologien von Rocket Mortgage zur Verbesserung der Werkzeuge für Hypothekenbroker genutzt werden.

Sogorkas Ernennung erfolgt zu einem wichtigen Zeitpunkt, an dem nahezu einer von fünf Wohnungsbaudarlehen von Hypothekenbrokern vermittelt wird. Zu seiner bisherigen Karriere gehören Führungspositionen bei Sagent, Cloudvirga und Black Knight, wo er technologische Fortschritte und Wachstum in der Hypothekenbranche vorangetrieben hat. Rocket Companies hat sich zum Ziel gesetzt, Broker-Partner mit führender Technologie, optimierten Prozessen und wettbewerbsfähigen Preisen unter Sogorkas Leitung zu stärken.

Positive
  • Appointment of experienced mortgage technology veteran Dan Sogorka as General Manager of Rocket Pro TPO
  • Plans to leverage Rocket Mortgage's AI technologies to enhance tools for mortgage brokers
  • Rocket's strong position in the broker market, facilitating nearly one in five home loans
  • Introduction of 'Welcome Home RateBreak', an exclusive 2-1 temporary buydown program
Negative
  • None.

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.

FAQ

Who is the new General Manager of Rocket Pro TPO and when does he start?

Dan Sogorka is the new General Manager of Rocket Pro TPO (Third Party Origination), starting his role on September 3, 2024.

What is Dan Sogorka's background in the mortgage industry?

Dan Sogorka has extensive experience in mortgage technology, having served as CEO of Sagent and Cloudvirga, and as a Business Unit President at Black Knight.

How does Rocket Companies (RKT) plan to revolutionize its broker business?

Rocket Companies plans to leverage its AI technologies and platform to enhance tools and processes for mortgage brokers, pushing beyond currently available tools in the market.

What is the 'Welcome Home RateBreak' program mentioned in relation to Rocket Pro TPO?

The 'Welcome Home RateBreak' is an exclusive 2-1 temporary buydown program paid for by Rocket Companies, offered to mortgage brokers partnering with Rocket Pro TPO.

Rocket Companies, Inc.

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