Quicken Loans Mortgage Services Helps Grow Mortgage Business for Community Banks and Credit Unions

(Vocus/PRWEB) January 14, 2011

With lending rules evolving, many smaller banking institutions have found that the cost of hiring mortgage consultants and underwriters outweighs the need to offer home loans. That’s the reason behind Quicken Loans Mortgage Services (QLMS), a division of the nation’s largest online retail mortgage lender, Quicken Loans, who meets the home financing needs of community banks and credit unions in all 50 states.

QLMS helps banks and credit unions provide their clients and members with mortgage programs to meet their needs, while also leveraging the award-winning technology and service synonymous with Quicken Loans.

Through QLMS, partner financial institutions are able to meet with their existing clients, understand their goals, and begin the mortgage application. The bank or credit union remains the point-of-contact for the client, while QLMS manages the work necessary to complete all home loans. Clients then sign their loan closing documents in their hometown bank or credit union.

“Our streamlined process allows us to close loans in less than half the time of most other lenders, giving our partners more time to focus on providing other services.” said Tod Highfield, Vice President of Quicken Loans Mortgage Services. “They can increase their offerings to their clientele, add revenue and work with one of the nation’s largest mortgage lenders.”

When community banks and credit unions become a QLMS partner, the company serves as a resource, offering a variety of loan programs including FHA, VA, 30-Year Fixed, 15-Year Fixed and Adjustable Rate Mortgages. In addition, all 50 states have a dedicated account manager to answer questions and provide mortgage industry market data in real time.

“We’re excited to be able to provide an exceptional experience for both our partners and their clients,” Highfield added. “Being able to maintain the face-to-face interaction that is a signature trademark of local banks while combining the technology and support of our nationwide platform is a win-win situation for everyone.”

To learn more about Quicken Loans Mortgage Services, please visit http://www.qlmortgageservices.com.

About Quicken Loans Inc:
Quicken Loans Inc. is the nation’s largest online retail mortgage lender and among the five largest overall retail home lenders in the United States. The company closed more than $25 billion in retail home loan volume across all 50 states in 2009, and recently closed its 1 millionth loan. Quicken Loans employs approximately 3,700 team members and generates loan production from five web centers located in Michigan, Ohio and Arizona. The company also operates a centralized loan processing facility in Michigan as well as its San Diego-based One Reverse Mortgage unit. Quicken Loans ranked #1 in customer satisfaction for home mortgage lending in the United States by J.D. Power and Associates for 2010. “QuickenLoans.com” has been named “Best of the Web” by Forbes and Money magazines. The company also has been named to Fortune magazine’s list of the country’s “100 Best Companies To Work For” seven consecutive years, ranking as high as #2, and named in the top-15 of Computerworld magazine’s “100 Best Places to Work In Technology” for six years in a row. Quicken Loans ranked #1 in the Detroit Free Press’ ‘Top Workplaces of 2010’ List. The company recently moved its headquarters and 1,700 of its 3,700 full-time team members to downtown Detroit. For more information about Quicken Loans, please visit http://www.quickenloans.com.

About Rock Holdings Inc:
Rock Holdings Inc. is the parent company for several financial services related businesses and employs over 4,000 team members. These client-focused and technologically-driven companies include Quicken Loans, the nation’s largest online home lender and its One Reverse Mortgage unit, the fastest growing reverse mortgage lender in America; Title Source, a nationwide leader of title insurance and settlement services; Quicken Loans Mortgage Services (QLMS), a mortgage origination platform servicing community banks and credit unions across the country; In-House Realty, the preferred real estate partner of Quicken Loans that matches clients with trusted real estate agents in all 50 states; and, Quizzle.com, the online innovator and website where consumers manage their home, money and credit. Rock Holdings, Inc. also recently moved its headquarters to downtown Detroit.

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