Partnership aims to streamline mortgage process for Q2 banks and credit unions
Rocket Mortgage has partnered with Q2 Holdings, a digital banking and lending solutions provider, to give Q2 banks and credit unions access to Rocket’s digital home loan offerings.
Under the partnership, Rocket Mortgage’s loan products will be integrated directly into Q2’s online banking platform, where banks and credit unions can evaluate, select and deploy applications from a catalog of pre-integrated third-party products at no cost (implementation or subscription fees). Rocket Mortgage will handle everything related to the loan and servicing.
The integration of Rocket Mortgage within Q2’s digital banking platform streamlines the mortgage process for account holders, a release said.
“We’re excited to add a premier brand like Rocket Mortgage to our Q2 Innovation Studio ecosystem,” said Matt Flake, CEO of Q2. “This partnership, giving customers easy access to Rocket Mortgage’s best-in-class digital offerings, adds another marquee solution to the Q2 Innovation Studio and provides an important and timely new option for our bank and credit union customers.”
“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 experience,” said Rocket Mortgage CEO Bob Walters. “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.”
Nashville-based community bank Fourth Capital is the first to add Rocket Mortgage’s digital home loan application to its mobile and online banking app.
“We are thrilled to bring the Rocket Mortgage experience to our customers through the Q2 platform,” Fourth Capital CEO Brian Heinrichs said. “Bringing cutting-edge solutions to our clients with market-leading partners enhances our vision of providing digital tools with a human touch. We continue to be pleased with our decision to partner with Q2 on our digital strategy, and opportunities like this one validate the decision to go with Q2. We look forward to continuing to grow and advance with them in the future.”