October 28, 2024, Plaid has announced its partnership with Rocket Companies, a Detroit-based fintech platform company, to deliver real-time cash flow data for loan underwriting and consumer budgeting. Eric Sager, Chief Operating Officer of Plaid, oversees the company's business strategy and operations as well as revenue and go-to-market teams. Access to real-time financial data is essential for improving consumer financial outcomes, particularly in areas like personal financial management and lending. The partnership aims to give consumers visibility into their spending, save for a home, apply for a mortgage or personal loan, and much more. Plaid will power three core parts of the Rocket Companies ecosystem: asset verification in mortgage origination, personal financial management, and automating personal loan underwriting. This collaboration comes at a pivotal time as open banking and a consumer's right to manage and share their financial information is secured in the finalized Dodd-Frank Section 1033 rule. By enhancing opportunities and outcomes for millions of people who rely on Rocket's ecosystem of products, Plaid and Rocket are helping people live healthier financial lives.