Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Quicken Loans offers mortgage services for CUs small banks
LIVONIA, Mich. (5/19/10)--Quicken Loans has introduced Quicken Loans Mortgage Services, a division that serves the home financing needs of credit unions and community banks nationwide. Because of new rules determining who can originate mortgages, financial institutions may want to offer home loans, but they may not be large enough to justify hiring mortgage consultants and underwriters, Quicken said. Through Quicken Loans Mortgage Services, partner financial institutions can meet with existing clients, investigate their current situation and goals, and begin the mortgage application. Credit unions and banks remain the point-of-contact for the client, while Quicken manages the work to complete the loan. The clients then sign closing documents at their credit union or bank. Credit unions can offer Fannie Mae, Freddie Mac, Federal Housing Administration and Fannie Mae HomePath mortgages through Quicken Loans. Quicken Loans is an online and retail mortgage lender.


RSS print
News Now LiveWire
For the last 75 years, even in the most difficult of times, Mill Town #CU has been there for the community it serves. Read #NewsNow Tues.
9 hours ago
The 1st vid shows how consumer can become victim and, advice to those who think they've been targeted. http://t.co/hr9VHpzEze
13 hours ago
.@TheNCUA has released two videos designed to raise awareness of elder financial abuse. http://t.co/iddSxr7H40
13 hours ago
Celebrate #100MM with @MDDCCUA1 at Orioles v Blue Jays tonight at Camden Yards
13 hours ago
The At Home In Lawrence mortgage program from @MetroCU is designed to help revitalize Lawrence, Mass.
14 hours ago