Quicken Loans, the company behind Rocket Mortgage, is driven by a relentless pursuit of a better way. They have always been obsessed with finding innovative solutions to make the mortgage process easier and more accessible for everyone. With this goal in mind, Rocket Mortgage was created as a revolutionary online platform that simplifies the mortgage application process.
Now, you might be wondering which bank is behind Rocket Mortgage. Well, the answer is quite interesting. Quicken Loans is not a traditional bank per se, but rather a non-bank lender. However, they have a partnership with a few different banks to fund the mortgages originated through Rocket Mortgage.
One of the primary partners of Rocket Mortgage is State Farm Bank. State Farm Bank is a subsidiary of the well-known insurance company, State Farm. Through this partnership, Rocket Mortgage is able to offer a wide range of mortgage options to its customers, backed by the resources and stability of State Farm Bank.
Additionally, Rocket Mortgage has also established relationships with other financial institutions such as Flagstar Bank and CrossCountry Mortgage. These partnerships allow Rocket Mortgage to provide borrowers with a variety of financing options and ensure that the mortgage process is seamless and efficient.
It’s important to note that while Rocket Mortgage partners with these banks, the actual loan servicing and customer support may be handled by Quicken Loans itself. This integrated approach ensures that customers receive exceptional service throughout the entire mortgage journey.
In my personal experience, I have found Rocket Mortgage to be a reliable and efficient platform for obtaining a mortgage. The online application process was straightforward, and the communication from the loan team was prompt and helpful. The partnership with reputable banks gives me confidence in the legitimacy and reliability of Rocket Mortgage as a mortgage provider.
To summarize, while Quicken Loans is the company behind Rocket Mortgage, they have established partnerships with banks like State Farm Bank, Flagstar Bank, and CrossCountry Mortgage to fund the loans. This collaboration allows Rocket Mortgage to leverage the expertise and resources of these banks while delivering a streamlined and user-friendly mortgage experience.