American Express partners with Rocket and Better.com on mortgages

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American Express has partnered with Better.com and Rocket Mortgage for its new foray into home loans.

The financial services giant is now offering credit points totaling $ 2,000 for compliance and $ 6,000 for large loans to its existing base card members if originated or refinanced through any of its partner companies. The loans will be paid off by lenders and the deal was created to provide value during a hot market based on a similar time-limited pilot offer held in 2019, an Amex spokesperson told NMN.

Amex invested in Better.com through its venture capital division starting with round of series C in 2019 and Serie D round in 2020.

“This is another exciting step towards making Better the mortgage partner of choice for customer-obsessed organizations,” Joey Staniford, head of Better’s Financial Services Partnership, said in a statement to NMN. “We look forward to providing American Express cardholders with cutting-edge technology and exemplary customer service.”

Amex has no investment links with Rocket Companies. The relationship developed naturally through the combined “intense focus on innovation and customer service that propelled us to the top of our industry areas,” said a Rocket spokesperson.

According to a separate report from CNBC, the partnership with Rocket Mortgage began on June 30, and the deal with Better.com began earlier this month.

With initial activity decreases from a record 2020 and volumes expected to continue to shrinklenders offer a range of sweeteners such as overlapping high yielding savings accountsto stand out, maintain market share and secure new business.



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