FinTech: Banking Solutions Provider Q2 And Rocket Mortgage Tie Up To Offer Home Loan Digitization To Banks

August 11, 2022 | FinTech, News

Rocket Mortgage is America’s biggest mortgage lender and a part of Rocket Companies (NYSE: RKT).

Q2 Holdings (NYSE: QTWO) and Rocket Mortgage announce a partnership to offer Q2 banks and credit unions Rocket Mortgage’s digital home loan application experience, with live mortgage assistance, inside of Q2’s online banking platform.

The tie-up seeks to make it easy and cost-free for banks and credit unions to offer digitized products to their customers, in this case home mortgages. The integration of Rocket Mortgage within Q2’s digital banking platform streamlines the mortgage process for account holders, who now have even more options within their local bank to meet their financial needs. (Rocket Mortgage)

Given that Rocket Mortgage has closed more than $1.5 trillion in home loans over the last 37 years, banks and credit unions would meet their account holder needs with an industry-recognized customer experience.

What’s more, the tie-up enables community banks and credit unions to serve the residential mortgage needs of their communities at no cost to the financial institution – including no implementation or subscription fees.

Bob Walters, CEO of Rocket Mortgage, said: “In this new partnership with Q2, we are able to help more consumers achieve the American Dream of homeownership – right inside the digital banking platform they already use.”

The new Rocket Mortgage offering via Q2 has already found a customer in Fourth Capital, a Nashville, TN-based community bank that is the first to add Rocket Mortgage’s digital home loan application to its mobile and online banking app.

Related Story: Mambu’s Technology To Drive Commonwealth Bank’s New Digital Mortgage

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