For the first time since it began reporting mortgage servicing data six years ago, Quicken Loans Inc. has pushed the servicing portfolio past $300 billion. Originations and staffing, meanwhile, held steady.
The aggregate unpaid principal balance of residential loans that were serviced by the Detroit-based mortgage banking organization as of Sept. 30 was $306.0 billion.
It was the first time that Quicken, which provided the data as part of the Mortgage Daily Third Quarter 2018 Mortgage Origination Survey, pushed the portfolio past $300 billion.
Source: Mortgage Daily
