PartnerClear with Rocket Mortgage
A Competitive Servicing-Release Execution
PartnerClear is designed to give you a competitive edge by leveraging the combined strengths of Rocket Mortgage and Freddie Mac. This collaboration ensures industry leading operational efficiencies, improved execution, and quick access to capital.
Benefits
| header 1 | header 1 |
|---|---|
| Operational Bifurcation | The Seller is responsible for selling representations and warranties, and Rocket Mortgage is responsible for the servicing representations and warranties. |
| Streamlined Loan Delivery | Electronic loan data delivery through Loan Selling Advisor® simplifies loan delivery. |
| Loan Eligibility | Loan Product Advisor (LPA) only. Available for Mandatory (Bulk and Hybrid AOT) and Best Efforts. |
| Tri-Party Relationship | This tri-party relationship allows lenders direct communication with Freddie Mac. Loans sold through PartnerClear count toward the minimum required Freddie Mac production. |
| Enhanced Pricing | Improved pricing for maintaining the selling representations and warranties on Ioans you sell. |
| Expedited Loan Purchase | Eliminates credit escalations, resulting in expedited loan purchases. |
| No Volume Commitments | There are no minimum volume thresholds. |
| Comprehensive Support | Work with a dedicated team at Rocket Mortgage for your loan production and service. |
Process
Lock Loans with Rocket Mortgage
Process Underwrite and Close Loans
Use Loan Selling Advisor® to upload Loan Data
Ship Note & Upload Complete Imaged File to Rocket Mortgage
Rocket Mortgage Accepts & Funds Your Loan!
Getting Started
If you're interested in participating in PartnerClear, you must meet certain criteria. For information, contact your Freddie Mac representative or your Rocket Mortgage Corr+ Sales team.