twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

Quicken Loans Pushes Deeper Into Record Territory

Q3 originations up 45%

Oct. 29, 2012 (updated Oct. 31)

By Mortgage Daily staff

For four consecutives quarters now, Quicken Loans Inc. has originated more residential loans than during any prior quarter in its 27-year history.

The record run started in the fourth-quarter 2011, when home-loan production reached $10.8 billion.

Each subsequent three-month period has been even better -- and the latest quarter was no exception.

The Detroit-based lender reported to Mortgage Daily that business during the three months ended Sept. 30 was $20.1 billion. (after this story was published, Quicken asked Mortgage Daily to clarify that most of its loan production is generated through the retail channel)

Business ascended from the second quarter, when Quicken funded $13.9 billion.

Originations have more than doubled from the third-quarter 2011, when the total was $8.4 billion.

During the first nine months of 2012, production amounted to $44.9 billion. By the end of the year, originations are expected to reach as much as $75 billion, Quicken Loans Chief Executive Officer Bill Emerson reportedly told the Detroit Free Press earlier this month.

Quicken's reverse mortgage subsidiary, One Reverse Mortgage LLC, originated 1,184 home-equity conversion mortgages during the third-quarter 2012, according to data provided by Reverse Market Insight. HECM production fell from 1,220 units three months earlier but edged up from 1,161 federally insured reverse mortgages a year earlier.

The online lender reports that its current staffing stands at more than 5,500 team members, the same as at the end of the second quarter. But staffing has grown from 3,700 at the same point last year. (following the publication of this story, Quicken provided revised data indicating that staffing reached 8,000 as of Sept. 30)

Quicken Loans profile

next story

back to current headlines

Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders