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15 October 2024 October 2024 » M O V E R S & S H A K E R S award's history to capture the honor two years in a row. In his post, Duncan eluded to his continued industry involvement and not completely stepping away from serving as a trusted source for all factors related to the housing market. Prior to joining Fannie Mae, Duncan was SVP and Chief Economist at the Mortgage Bankers Association (MBA). His experience also includes work on the Financial Institutions Project at the U.S. Department of Agriculture and service as a LEGIS Fellow and staff member with the Committee on Banking, Finance, and Urban Affairs for Congressman Bill McCollum in the U.S. House of Rep- resentatives. Previously, Duncan was a Board member of the National Associa- tion of Business Economics (NABE) and a Board member and Chair of Strategies to Elevate People (STEP). Duncan is a Hoyt Professional Fellow at the Homer Hoyt Institute. He was chosen as the North Dakota State Univer- sity College of Agriculture Alumni of the Year in 2018. He was also elected as a Trustee of North Dakota State University in 2022. According to Duncan's LinkedIn post, Mark Palim, current VP and Deputy Chief Economist for Fannie Mae, will be taking over the role as Fannie Mae Chief Economist upon Duncan's departure. "Incidentally, you will need to get to know Mark Palim who will be stepping into the Chief role," Duncan added. "You will quickly figure out it was Mark and the rest of the team doing the work. He will impress you with his intellect and demeanor. The insights you have come to expect from Fannie research will only increase under Mark's leadership." In his role as Fannie Mae's VP and Deputy Chief Economist, Palim focuses on the impact of trends in the financial services sector on the economy and on the GSE. Prior to joining Fannie Mae in 2009, Palim worked as a Senior Associ- ate, Manager, and Director for Pricewa- terhouseCoopers, and served as Principal at LECG. He has been a consulting and testifying expert in antitrust cases and disputes in the financial services industry. Palim was first involved with economic forecasting and mortgage se- curities in 1988, when he was a Portfolio Manager and also reported to the Chief Economist at Mercantile Safe Deposit and Trust Company. Subsequently, he continued his work on macroeconomic and policy issues as a staff economist for the National Association of Federal Cred- it Unions (NAFCU). Lenders/Servicers FORMER SAGENT CEO NAMED HEAD OF ROCKET PRO TPO Rocket Companies has named Dan Sogorka as General Manager of Rocket Pro Third Party Origination (TPO), the mortgage broker business of Rocket Mortgage. 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, COO 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 collaborate with Rock- et's technology and product development teams to ensure the experience Mortgage Brokers have in Rocket's suite of compre- hensive tools is unlike anything they've "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." —Heather Lovier, COO, Rocket Companies