Tag Archives: Quicken

Docutech has announced that Detroit-based Quicken Loans has gone live with Docutech's ConformX dynamic document engine.

Quicken Loans announced Casey Hurbis is joining the company as Chief Marketing Officer. Hurbis, recognized for re-introducing the FIAT brand in the U.S. after more than 25 years of absence, will take responsibility for all Quicken marketing, both online and off, and will manage Quicken’s home lending brand.

Data from the Home Mortgage Disclosure Act shows that local lenders are the preferred lender in 60 percent of cases.

Based on data collected from April through June, Mortgage Daily reported a 24 percent quarterly increase in mortgage originations to an estimated $296 billion among all lenders as of June 30. Production still fell short 51 percent on an annual basis as consumer demand for mortgages remained anemic and credit standards stayed tight.

Mortgage servicers have made substantial progress over the last year in improving borrowers' customer experience, a new survey released by J.D. Power shows. In its yearly survey of customer satisfaction for primary mortgage servicers, the company found the servicing industry as a whole averages 754 on a 1,000-point scale, up more than 20 points from last year.

The decline in mortgage production in the year's opening months failed to produce any names to the list of top lenders for the quarter, but it did shake up the rankings a bit. Staying firmly in the No. 1 spot for the quarter was Wells Fargo, which held on to 14.3 percent of the market with $36 billion in origination volumes, down from $50 billion in Q4 2013. On the servicing side, Wells Fargo again beat out all others, boasting a portfolio estimated at $1.81 trillion.