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Quicken Loans Mortgage Services to expand

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CHARLOTTE, N.C. (5/24/12)--Quicken Loans Mortgage Services (QLMS), a division of Quicken Loans Inc., will add more than 75 employees by the end of the year.   

QLMS, which provides mortgage services to credit unions, community banks and mortgage professionals nationwide, currently has 150 employees and expects to expand beyond 200 by the end of the year.  

The company currently works with more than 800 partner financial institutions and will surpass 1,000 partners and $1 billion in monthly loan volume, by the end of 2012.

To facilitate its increasing production, QLMS will relocate to a new office facility in Charlotte.  The company expects to move into its new 20,000 square-foot office space, which is more than double its current location, by the end of June.

"We are growing very quickly--faster than even the most optimistic models we developed when we launched QLMS two years ago," said Tod Highfield, vice president of QLMS. "Right now we are in explosive growth mode, adding both partner financial institutions and team members.  It is really a fun time to be part of this team--and we see continued opportunity ahead of us."

Quicken Loans Mortgage Services (QLMS) is a division of Quicken Loans, the nation's largest online mortgage lender, and the fourth largest home lender in the country. QLMS works exclusively with community banks, credit unions and select brokers to provide mortgage products without the need for the financial institutions to hire mortgage-origination staff.