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Another Quicken Record

Quicken Loans Inc. followed up its best quarter ever in mortgage production with a new quarterly origination record — more than doubling its activity from a year earlier. Headcount, meanwhile, continued to climb.

During the period beginning Oct. 1, 2011, and ending Dec. 31, 2011, Quicken previously reported that residential originations reached an all-time high of $10.8 billion.

But the Detroit-based lender managed to eclipse the fourth-quarter record during the first three months of this year.

According to data provided to Mortgage Daily, Quicken funded a record $10.9 billion from Jan. 1 through March 31 of this year.

Quicken’s production was $5.3 billion in the first-quarter 2011.

The online lender reported on April 9 that its total staff size exceeded 5,000 team members.

Headcount was reported at around 4,000 as of the end of last year, while a year earlier it stood around 3,700.

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