Quicken Loans Inc., which last week touted itself as America’s biggest retail mortgage lender, reported a quarter-over-quarter increase in originations but a year-over-year decline.
As of Dec. 31, 2017, the Detroit-based home lender’s servicing portfolio consisted of residential loans with a collective unpaid principal balance of $279.1 billion.
Quicken provided details about its servicing, along with other operating metrics, as part of the Mortgage Daily Fourth Quarter 2017 Mortgage Origination Survey.
Source: Mortgage Daily
