Quicken Loans Mortgage Services Creates Exclusive Revolutionary Home Valuation Tool for its Partner Banks, Brokers and Credit Unions

  • October 6, 2017

QL Property Hub, a home valuation tool, offers the most accurate property data available through QLMS to the industry today

CHARLOTTE, October 6, 2017 – Quicken Loans Mortgage Services (QLMS), the third party origination branch of Quicken Loans Inc., today launched the QL Property Hub – an exciting and new automated valuation tool for mortgage brokers, bankers, credit unions and correspondent partners.

“By providing the most accurate home data available QLMS partners will have more certainty up front on property value and other critical information, and they can then use this information to advise their clients and grow their business,” said David Schroeder, QLMS Vice President. “Quicken Loans is the leader in mortgage innovation and we are obsessed with providing world class technology to give our partners a competitive edge in the marketplace to attract and wow their clients.”

Engineered by the Quicken Loans Technology team, QL Property Hub uses multiple machine learning algorithms to present property values using property details, recent comparable sales data and an interactive map with street level details. Committed to supporting community lenders by offering superior tools and processes, QLMS is offering QL Property Hub to partners at no cost. Furthermore, the tool is not limited to applications placed with QLMS.

Today, most lenders cross-reference a number of home search websites, forcing them to rely on often-outdated information to determine the value of a property. QL Property Hub provides information that is vetted and verified by technical specialists.

“Property data like square footage, room count and zoning can be outdated on popular home search websites, as the information is simply pulled from public record – there is no verification,” explained Schroeder. “We have fulltime data experts to review and validate the public property data that we collect.”

 

About Quicken Loans

Detroit-based Quicken Loans Inc. is the nation’s second largest retail home mortgage lender. The company closed more than $300 billion of mortgage volume across all 50 states between 2013 and 2016. Quicken Loans moved its headquarters to downtown Detroit in 2010, and now more than 17,000 team members from Quicken Loans and its Family of Companies work in the city’s urban core. The company generates loan production from web centers located in Detroit, Cleveland and Scottsdale, Arizona. The company also operates a centralized loan processing facility in Detroit, Mortgage Services in Charlotte, NC, as well as its San Diego-based One Reverse Mortgage unit. Quicken Loans ranked “Highest in Customer Satisfaction for Primary Mortgage Origination” in the United States by J.D. Power for the past seven consecutive years, 2010 – 2016, and highest in customer satisfaction among all mortgage servicers the past four years, 2014 – 2017.

Quicken Loans was ranked #10 on FORTUNE magazine’s annual “100 Best Companies to Work For” list in 2017, and has been among the top-30 companies for the past 14 consecutive years. The company has been recognized as one of Computerworld magazine’s ’100 Best Places to Work in IT’ the past 13 years, ranking #1 for eight of the past twelve years including 2017. The company is a wholly-owned subsidiary of Rock Holdings, Inc., the parent company of several FinTech and related businesses. Quicken Loans is also the flagship business of Dan Gilbert’s Family of Companies comprising nearly 100 affiliated businesses spanning multiple industries. For more information and company news visit QuickenLoans.com/press-room.

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