Mortgage

Arrest of mortgage conspiracy rings, UWM injury evaluation, Rocket Dealer drama, drop in earnings and different prime information of the week

A Rocket executive has subtly scrutinized United Wholesale Mortgage without naming the Crosstown rival in his call to win this week.

"We're investing in the mortgage broker channel and we're winning," said Julie Booth, chief financial officer. "Hundreds of broker partners joined our network in the first quarter and our partner volume continued to be strong in the second quarter."

Rocket plans to invest "tens of millions of dollars" in 2021 to support the brokerage business, and "our short-term priority on this channel is to increase volume and additional profits," Booth said.

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