Rocket Mortgage, a part of Rocket Companies (RKT), and Annaly Capital Management (NLY) announced the companies have entered into a subservicing agreement. Under the relationship, Rocket will handle all servicing and recapture activities for a portion of the mortgage servicing rights held by Annaly. “Rocket is committed to the entire homeownership experience from budgeting and credit building, to home search, financing and servicing. We truly believe in building relationships with our clients that last a lifetime – whether through new mortgages or servicing loans,” said Bill Banfield, Chief Business Officer of Rocket Companies. “We are honored to be working with Annaly and look forward to providing their serviced clients the same exceptional experience that has made Rocket a perennial recipient of J.D. Power’s servicing award.”
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