Mortgage Lenders Maneuver to Gain Market Share

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 | Managing Partner In 2010 we had Travis Saxton, our Managing Partner, join our team and he has been working closely with many real estate technology and marketing companies and understands what brokerages and sales professionals need and want to become successful. He is featured weekly in industry publications, webinars, presentations, and regularly presents at national conferences and regional meetings.



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