RESAAS Enters into Partnership with Rocket Mortgage Canada

RESAAS Enters into Partnership with Rocket Mortgage Canada

  • On April 20, 2023

April 18, 2023 – Vancouver, British Columbia, Canada – RESAAS Services Inc. (TSX-V: RSS, OTCQB: RSASF), (“RESAAS” or the “Company”), a leading provider of technology solutions for the Real Estate Industry, has announced a preliminary partnership with Rocket Mortgage Canada, part of Rocket Companies (NYSE: RKT).

Rocket Mortgage Canada is a digital mortgage broker, using technology to deliver a revolutionized mortgage process. The partnership introduces a unique way for real estate agents to add value to clients by offering access to a simplified mortgage process through Rocket Mortgage Canada.

“Exclusive real estate data gathered by RESAAS shows real estate agents generate higher referral fees when referring clients that are pre-approved for a mortgage,” said Tom Rossiter, CEO of RESAAS. “RESAAS has selected Rocket Mortgage Canada because its digital experience is complimentary with RESAAS’s technology-forward solution. Our goal is simple: to enable RESAAS agents to pre-qualify their clients quickly for the best mortgage products and lowest rates available.”

“As a fintech company, Rocket Mortgage Canada understands the value of a digital experience to help simplify the mortgage process for both clients and their real estate agents,” said Hash Aboulhosn, President of Rocket Mortgage Canada. “That’s why this partnership with RESAAS makes sense – their technology for the real estate professional provides yet another digital touchpoint on our way toward fully digitizing the mortgage process.”

Under the terms of the one-year agreement signed on March 1, 2023, Rocket Mortgage Canada and RESAAS will share the revenue generated via the partnership from all new mortgages, mortgage renewals and refinances.