Company updates

QLMS is unlocking huge savings with Prime29

QLMS’ partners only have until the end of June to assist their clients in unlocking HUGE savings with Prime29. This unique offering is creating waves across the broker community and has unleashed $186,000,000 in savings for partners’ clients since its rollout. QLMS has slashed the interest rate on a 29-year loan, so the monthly payment […]

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June 19, 2020

QLMS’ Prime29 is creating waves across the broker community

QLMS’ Prime29 is creating waves across the broker community and has unleashed over $60,000,000 in savings for its partners’ clients since its rollout. The nation’s fastest-growing lender serving brokers has slashed the interest rate on a 29-year loan, so the monthly payment equals that of a 30-year conventional loan but saves clients THOUSANDS over its […]

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June 04, 2020

QLMS continues to hires for hundreds of open positions

As QLMS is accepting more loan applications than ever and its partner network (which now includes a massive 40,000 LOs) is expanding at record pace, they are looking to hire more team members to support the rapid growth. The fastest growing lender working with mortgage brokers currently has hundreds of open positions for national account […]

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May 22, 2020

Time to double down

In the earliest stages of the COVID-19 pandemic, the virus wreaked havoc on the U.S. economy, forcing the Fed to take action and help stabilize the mortgage market by purchasing an unprecedented $183 billion of mortgage-backed securities in just one week.

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May 19, 2020

Reflecting on the start of the COVID-19 pandemic

Just about two months have passed since the entire Quicken Loans Mortgage Services (QLMS) team transitioned to working from home. During this time, when many were left scrambling, they had their largest closing month in company history, with faster turn times.

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May 14, 2020

Changes to self-employed doc requirements

Quicken Loans made some changes to its self-employed document requirements: 60 days of asset statements showing 6 months of PITIA (for the subject property) in reserves, Business tax returns, If the business is a sole proprietorship, personal tax returns are acceptable. Audited profit and loss statement of the most recent month OR 30-day business assets from […]

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May 13, 2020