Rocket Professional TPO’s new chief on championing dealer alternative

Rocket Mortgage is promoting a pair of leaders in its Rocket Pro TPO arm following a tumultuous year for the mortgage market at-large and plenty of change in the wholesale channel.

Mike Fawaz is Rocket Pro TPO’s new executive vice president, taking the helm Jan. 1 from Austin Niemiec, who himself was promoted to Rocket Mortgage chief revenue officer. Niemiec takes the chief revenue officer title formerly held by current Rocket Mortgage President Tim Berkmeier, according to the company.

Mike Fawaz, Rocket Pro TPO executive vice president.

Courtesy of Rocket Mortgage

Fawaz, formerly Rocket Pro TPO senior vice president of sales, brings over a decade of experience to the role, beginning his career in 2011 with the mortgage giant as a broker. In the past few months, the department has rolled out a number of tools for mortgage brokers amid a competitive and rocky wholesale environment.

National Mortgage News spoke with Fawaz about his new role and what he thinks mortgage brokers are seeking in today’s market. Fawaz also voiced his concerns about an anti-competition mandate from major competitor United Wholesale Mortgage that continues to undergo court challenges.

This conversation has been edited for length and clarity.

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