Mortgage Lenders Maneuver to Gain Market Share

Posted by on May 17, 2012 in Headlines | 0 comments

Contrary to behavior by many of the too-big-to-fail financial institutions, other mortgage companies are expanding their origination lines to capture a bigger piece of the market.

Quicken Loans Mortgage Services, a division of Detroit-based Quicken Loans, began originating loans two years ago, ballooning from nothing to $750 million in loans in April as a wholesale and correspondent lender.

QLMS originated more than $2 billion in 2011, contributing to Quicken Loans overall total of $30 billion in mortgage originations throughout the year and strengthening its top 10 position as an originator, according to Inside Mortgage Finance. QLMS, calling its growth “explosive,” predicts it will originate $8 billion to $12 billion in mortgages in 2012.

Read More: Mortgage lenders maneuver to gain market share 

Author Bio: Travis Saxton is the marketing and technology manager at REAL Trends. Prior to operating this arm for REAL Trends, Travis was the director of online services for a newspaper consulting company. He greatly enjoys working with real estate companies adapt new cutting edge strategies and perfecting their online presence and systems. He has experience in the following areas: Websites, SEO/SEM, CRM/Lead Generation Systems, Traditional Marketing and Social Media Marketing, Real Estate Technology Consulting.

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