An increase in the size of the mortgage servicing portfolio was reported for Quicken Loans Inc. Although originations retreated from the prior quarter, Quicken again claimed to be the biggest U.S. home lender.
As the first quarter of this year ended, the Detroit-based firm’s mortgage servicing portfolio stood at $287.4 billion based on data provided as part of the Mortgage Daily First Quarter 2018 Mortgage Origination Survey.
Quicken’s portfolio continued to grow, expanding from $279.1 billion at the conclusion of last year. The portfolio was previously reported at $251.0 billion as of the same date last year.
Source: Mortgage Daily