Rocket Pro October Power Play introduces Orbit rewards

Rocket Pro is launching Orbit, a new rewards program for mortgage brokers that provides benefits based on partnership performance and production, rather than loan volume alone.The announcement is part of Rocket Pro’s monthly Power Play, an initiative that Rocket Pro promised to its business partners back in February and has announced on the first Tuesday of each month. Orbit is designed to reward brokers for what Rocket Pro considers strong partnerships — including clean, consistent loans and solid performance. Austin Niemiec, chief revenue officer of Rocket Mortgage, said the company has been developing Orbit for about six months. “The big idea is that great partners should be rewarded for being great partners,” Niemiec told HousingWire ahead of the announcement. “Brokers are working incredibly hard to build their businesses in this market and we believe their lender should work just as hard for them.” Orbit uses two factors to determine eligibility: production and performance. Production requirements scale based on the size of a brokerage, while brokers must maintain at least a three-star rating out of five on a rolling 90-day performance scorecard. The scorecard considers factor...