Q2 Holdings and Rocket Mortgage Announce Partnership Providing Digital Home Loan Process to Banks and Credit Unions
August 11 2022 - 9:00AM
Business Wire
Nashville-based Fourth Capital is the first
financial institution to sign up for the new offering, giving
clients access to a mobile-first home loan process
Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital
transformation solutions for banking and lending, and Rocket
Mortgage, America’s largest mortgage lender and a part of Rocket
Companies (NYSE: RKT), today announced a new partnership enabling
Q2 banks and credit unions to offer Rocket Mortgage’s digital home
loan application experience, with live mortgage assistance, inside
of Q2’s online banking platform.
“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.”
The Q2 Partner Marketplace Program provides an app store-like
experience so financial institutions can evaluate, select and
deploy applications from a catalog of pre-integrated third-party
products with no up-front investment. It enables banks and credit
unions to provide their customers and members with innovative
fintech applications, like 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
last 37 years, will enable banks and credit unions to meet their
account holder needs 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 experience," said Bob
Walters, CEO of 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.”
This new Rocket Mortgage offering via Q2's Innovation Studio
will enable 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. Rocket Mortgage takes care of 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, who now have even more options within their local
bank to meet their financial needs.
Fourth Capital, a Nashville, TN-based community bank, is the
first to add Rocket Mortgage’s digital home loan application to its
mobile and online banking app, expanding its financial offerings to
its account holders.
“We are thrilled to bring the Rocket Mortgage experience to our
customers through the Q2 platform,” said Brian Heinrichs, CEO of
Fourth Capital. “Bringing cutting-edge solutions to our clients
with market-leading partners enhances our vision of providing
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 one validate the decision to go with Q2. We
look forward to continuing to grow and advance with them in the
future.”
For more information about the Q2 Partner Marketplace, visit
Info.Q2.com/Q2-rocket-mortgage-partnership. For more information
about Rocket Mortgage, visit RocketMortgage.com.
About Q2 Holdings, Inc.
Q2 is a financial experience company dedicated to providing
digital banking and lending solutions to banks, credit unions,
alternative finance, and fintech companies in the U.S. and
internationally. With comprehensive end-to-end solution sets, Q2
enables its partners to provide cohesive, secure, data-driven
experiences to every account holder – from consumers to small
businesses and corporate. Headquartered in Austin, Texas, Q2 has
offices worldwide and is publicly traded on the NYSE under the
stock symbol QTWO. To learn more, please visit Q2.com.
Visit here to learn more about how these financial institutions
and fintech companies developed their innovation through Q2
Innovation Studio.
About Rocket Mortgage
Detroit-based Rocket Mortgage, the nation’s largest home
mortgage lender and part of Rocket Companies (NYSE: RKT), enables
the American Dream of homeownership and financial freedom through
its obsession with an industry-leading, digital-driven client
experience. In late 2015, it introduced the first fully digital,
completely online mortgage experience. Rocket Mortgage closed $351
billion of mortgage volume across all 50 states in 2021.
Rocket Mortgage moved its headquarters to downtown Detroit in
2010. The company generates loan production from web centers in
Detroit, Cleveland and Phoenix and operates a centralized loan
processing facility in Detroit.
Rocket Companies, Rocket Mortgage's parent company, ranked #7 on
Fortune's list of the "100 Best Companies to Work For" in 2022 and
has placed in the top third of the list for 19 consecutive
years.
For more information and company news, visit
RocketMortgage.com/PressRoom.
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version on businesswire.com: https://www.businesswire.com/news/home/20220811005165/en/
For Q2 Holdings, Inc.: Cole Lanier 205-616-6142
Cole.lanier@q2.com
For Rocket Mortgage: John Perich 313-570-3293
Johnperich@rocketcentral.com
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