Rocket Pro August Power Play expands credits, opens Big Pitch voting

Rocket Pro is moving full steam ahead in its August “Power Play,” a monthly initiative that the company promised to its business partners back in February that’s announced on the first Tuesday of each month. This month’s Power Play marks the fifth month of the initiative. August’s offerings include an increased refinance credit to 60 basis points that now applies to all refi products. The offering was previously applicable only to cash-out refinances and was 40 bps. The wholesale lending arm of Rocket Mortgage is also once again extending its 60-bps purchase credit and a 40-bps Compass credit as part of its partnership with the real estate brokerage. It’s also opening its Big Pitch community voting for the top three finalists, which closes on Sept. 1 at Rocket Pro’s annual conference, Rocket Pro Experience (RPX). In an interview with HousingWire ahead of the announcement, Cory Scholl, Rocket Pro’s executive vice president, said that this month’s strategy aims to support brokers in a tough market by providing additional credits and pricing incentives. “In a tougher market, the brokers that are winning right now aren’t waiting on rates to drop. They’re stacking every credit available...