Rocket Mortgage Partners will provide a digital home loan process for banks and credit unions

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Rocket Mortgage has partnered with Q2 Holdings to provide its digital mortgage application experience. // Image bank

Rocket Mortgage in Detroit, the nation’s largest mortgage provider, has partnered with Texas-based Q2 Holdings to enable Q2 banks and credit unions to offer Rocket’s digital home loan application experience Mortgage within Q2’s online banking platform.

“We are thrilled to add a leading brand like Rocket Mortgage to our Q2 Innovation Studio ecosystem,” said Matt Flake, CEO of Q2. “This partnership, providing customers with easy access to Rocket Mortgage’s best digital offerings, adds another flagship solution to the Q2 Innovation Studio and provides an important and timely new option for our banking and credit union customers.”

The Q2 Partner Marketplace program provides an app store-like experience so that financial institutions can evaluate, select and deploy apps from a catalog of pre-integrated third-party products without upfront investment. It enables banks and credit unions to provide their customers with innovative fintech applications, such as access to Rocket Mortgage, integrated directly into their digital banking platform.

Rocket Mortgage, which has closed more than $1.5 trillion in home loans over the past 37 years, will enable banks and credit unions to meet the needs of their account holders with an industry-recognized customer experience.

“Rocket Mortgage is focused on using technology to create certainty and simplicity in the home loan process, one of the most complex transactions most Americans will ever experience,” said Bob Walters, CEO from Rocket Mortgage. “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.”

With Q2’s Innovation Studio, the new Rocket Mortgage offering will allow community banks and credit unions to meet the residential mortgage needs of communities at no cost to financial institutions, including no set-up or subscription fees.

The integration of Rocket Mortgage into Q2’s digital banking platform helps account holders who now have even more options within their local bank to meet their financial needs.

Fourth Capital, a Nashville-based community bank, was the first to add Rocket Mortgage’s digital home lending app to its mobile and online banking app, expanding its financial offerings to its account holders.

“We are excited to bring the Rocket Mortgage experience to our clients through the Q2 platform,” said Brian Heinrichs, CEO of Fourth Capital.

“Bringing industry-leading solutions to our customers with market-leading partners reinforces our vision to deliver digital tools with Human Touch. We continue to be pleased with our decision to partner with Q2 on our digital strategy and opportunities like this validate the decision to go with Q2. We look forward to continuing to grow and progress with them in the future.

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