Items Tagged with 'Quicken Loans'

ARTICLES

  • Housing News Podcast: A look at the most popular episodes of Season 1

    Listen to our top episodes
    The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Blend. This week, we take a look at some of the most popular episodes from season one. 
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  • Mortgage servicers are missing the boat when it comes to customer satisfaction

    J.D. Power survey reveals the depth of customer disappointment
    Let's just say servicers have a lot of room for improvement when it comes to customer satisfaction. J.D. Power's latest customer satisfaction survey revealed that servicers have a real trust problem with their clients, and it's their lack of digital help and focus on efficiency and cost controls that are adding to the negative feelings.
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  • Calyx announces launch of Wholesaler MarketPlace

    New portal allows brokers and lenders to exchange data
    Mortgage software solutions provider Calyx announced Tuesday the launch of its Wholesaler MarketPlace, a portal that connects wholesale lenders to mortgage brokers. Seven wholesale lenders are now accepting loan submissions through this wholesale network, which allows brokers to connect with participating lenders directly through their LOS file.
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  • Quicken Loans' wholesale channel logs record week

    Posts 400% spike from last year as retail channel boasts record-breaking Q2
    Whether or not you’re a Rocket Mortgage fan, you can’t deny that Quicken Loans is on a bit of a winning streak. Earlier this month, the lender revealed that it posted the best quarter in its 34-year history. Now, the lender has announced that its wholesale channel, Quicken Loans Mortgage Services, logged its best week ever.
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  • J.D. Power: Quicken Loans and State Farm could both reap serious rewards from unique mortgage partnership

    Analysts look at relationship between top insurer and top lender
    State Farm and Quicken Loans shook up the housing world last week by announcing a unique new partnership that will allow State Farm agents to originate mortgages for their clients using Quicken Loans’ Rocket Mortgage platform. It’s unclear how many of State Farm’s nearly 19,000 agents are licensed loan originators, but the potential of the relationship with Quicken Loans is massive for all parties involved, according to new analysis from J.D. Power.
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  • Housing News Podcast: HousingWire's Ben Lane on how the editorial team keeps the industry informed

    Listen to this week's latest episode
    Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Blend. This week, Ben Lane, the newly appointed managing editor of HousingWire’s editorial team, discusses his experiences in covering the housing economy for the last five and a half years. Additionally, Lane touches base on the massive mortgage partnership between State Farm and Quicken Loans, and Fannie Mae’s recently updated mortgage forecast.
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  • State Farm, Quicken Loans announce massive mortgage partnership

    State Farm agents who are licensed LOs will be able to originate Quicken mortgages
    For years, State Farm agents could offer mortgages to their customers through State Farm Bank, the company’s banking arm that offers home loans, auto loans, checking accounts, savings accounts, credit cards and other traditional banking services to State Farm customers. But that won’t be the case for much longer. Soon, State Farm will begin using Quicken Loans to originate mortgages for its customers thanks to a significant new partnership between the two companies.
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  • Quicken Loans logs best quarter in company history

    Originated record-breaking $32 billion in mortgages in Q2
    The mortgage business has been a bit rocky in recent years, but that doesn’t appear to be holding back Quicken Loans. The Detroit-based lender logged its best quarter ever, raking in $32 billion in mortgage originations in the second quarter of 2019 – the most in its 34-year history.
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  • Quicken Loans Vice Chairman Bill Emerson: Government used "extortionist tactics" to pursue "bogus" claims

    "This case was dismissed and there was zero finding of fault"
    On Friday, Quicken Loans and the DOJ reached a resolution over allegations that the nonbank’s FHA lending practices violated the False Claims Act. Quicken Loans Vice Chairman Bill Emerson told HousingWire in an exclusive interview that the nonbank did not admit to any guilt and that the government realized its "bogus" claims were baseless.
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  • Quicken Loans agrees to pay $32.5 million to resolve FHA loan allegations with DOJ

    Mediation finally brings 4-year battle over False Claims Act violations to an end
    Quicken Loans is now finally able to move past its beef with the DOJ over the nonbank’s FHA lending practices, as a mediator for the two parties announced Friday that they have finally reached a resolution. Without any admission of guilt or determination of wrongdoing on either side, Quicken agreed to pay the government $32.5 million to settle allegations that it violated the False Claims Act for submitting hundreds of "improperly underwritten" loans for FHA mortgage insurance. Click the headline for more.
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