Credit unions will soon have the option of allowing Rocket Mortgage to originate loans on their websites through a partnership with Q2 Holdings, an Austin, Texas fintech.
The essential proposition is simple: Credit unions earn fees by allowing Rocket Mortgage to reside on their websites as a mortgage lender to members.
Rocket Mortgage's presence is enabled by Q2's online platform, which it calls the Q2 Partner Marketplace Program. The platform is designed to mimic an app store, where financial institutions can evaluate, pick and deploy applications from a catalog of pre-integrated third-party products with no up-front investment.
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