Q2 Holdings and Rocket Mortgage Announce Partnership Providing Digital Home Lending Process for Banks and Credit Unions
AUSTIN, Texas–(BUSINESS WIRE)–Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for banking and lending, and Rocket Mortgagethe largest US mortgage lender and part of Rocket companies (NYSE: RKT), today announced a new partnership allowing Q2 banks and credit unions to offer Rocket Mortgage’s digital mortgage application experience, with live mortgage assistance, within the platform. Q2 online banking.
“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 and members 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 – directly inside the digital banking platform they already use.
This new offering from Rocket Mortgage through Q2’s Innovation Studio will allow community banks and credit unions to meet the residential mortgage needs of their communities at no cost to the financial institution, including no set-up or subscription. Rocket Mortgage takes care of everything related to lending and servicing. The integration of Rocket Mortgage into 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 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.
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 United States and abroad. With comprehensive end-to-end solution sets, Q2 enables its partners to deliver consistent, secure, data-driven experiences to every account holder – from consumers to small businesses and enterprises. Based in Austin, Texas, Q2 has offices around the world and is listed on the New York Stock Exchange under the 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 mortgage lender and a member of Rocket Companies (NYSE: RKT), makes possible the American Dream of home ownership and financial freedom through its obsession with an industry-leading, digitally driven customer experience. In late 2015, it introduced the first fully digital, fully online mortgage experience. Rocket Mortgage closed $351 billion in 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, the parent company of Rocket Mortgage, ranked #7 on Fortune’s “100 Best Companies to Work For” list in 2022 and has ranked in the top third of the list for 19 consecutive years.
For more information and company news, visit RocketMortgage.com/PressRoom.