Rocket Mortgage and State Farm in New Pact

Jul 18, 2019

Rocket Mortgage by Quicken Loans is teaming with State Farm in a partnership that will enable the latter’s agents to originate Rocket Mortgage products for their customers.

According to the companies, Rocket Mortgage is creating a technology that will allow State Farm agents to offer Rocket Mortgage products as a licensed loan originator. State Farm agents will be able to provide conventional Fannie Mae or Freddie Mac, FHA, VA, USDA and Jumbo mortgages to their clients. The rollout will take place over the next several months, and current State Farm Bank mortgage customers will not be impacted.

"Our goal is to help people live life confidently. An important component of that is helping people achieve their dream of homeownership," said Joe Monk, senior vice president, financial services for State Farm. "As the nation's largest mortgage lender, Rocket Mortgage brings a proven track record of strong product offerings, consistent financial strength, and award-winning service. We are excited about this opportunity to help even more people through the power of this alliance."

Jay Farner, CEO of Quicken Loans, said, "We aim to provide the best mortgage experience possible, no matter where the client is or how they connect with us. Through this alliance, we will be able to combine Rocket Mortgage's powerful mortgage processing and underwriting technology with the advice and strong relationships built from the power of the State Farm agent network."

About the author

Phil Hall

Link copied

Published

Jul 18, 2019

People On The Move

Kevin Dilday's Back At Guaranteed Rate Affinity

Takes on role as area sales manager for the Mid-Atlantic region; says company's culture, tech 'cannot be replicated'

Guaranteed Rate Affinity (GRA), a joint venture of Guaranteed Rate, Inc. and title/ settlement services firm Anywhere Integrated Services that is the primary mortgage lending partner of Coldwell Banker, announced the return of Kevin Dilday as he steps into the role of area s...

Analysis and Data

Lenders Prep For Recession As Deals Collapse And Buyers Stall

Leaky pipelines and buyer pullback define Q2 2025

A majority of U.S. loan officers are bracing for an economic downturn, according to HomeLight’s Q2 2025 Lender Insights & Predictions survey, which polled over 105 top lending institutions including The Loan Store, Fairway Independent Mortgage Corporation, and Cross Coun...