Michigan National Bank has begun a joint venture with Rock Financial, a small, Internet-oriented mortgage bank, to originate home loans.

The two Michigan companies are also negotiating with the servicing giant HomeSide Lending to make both the joint venture and Rock Financial itself "preferred partners" of HomeSide, said Douglas Ebert, chief executive of Michigan National.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.