Quicken Loans Inc. joined a short list of companies to report a quarter-over-quarter increase in originations.
Residential production at the Detroit-based company came in at $5.5 billion for the second quarter, according to data provided to MortgageDaily.com.
Business increased from the first quarter’s $5.3 billion.
Among major lenders that have reported second-quarter originations so far, only Quicken and MetLife Home Loans improved from the first quarter.
Quicken’s quarterly volume was better than $5.1 billion in the second-quarter 2010.
Last year’s production at the primarily retail lender was a record $29 billion.
Staff size at Quicken is around 3,700. Across all businesses at parent Rock Financial, headcount exceeds 4,000.