![]() Quicken began tested Property Hub internally before offering it to TPO firms and will likely roll it out more broadly at the company. ![]() The tool is designed to make it easier to obtain property details and timely comparable sales data earlier in the origination process and is an alternative to less-reliable public sources for information like property square footage, room count and zoning. Quicken also recently released an automated valuation tool called QL Property Hub for its TPO partners to use for free. "We got a call from Quicken and co-developed this over the last 12-18 months," said Bob Dougherty, vice president of business development at Calyx Software. Quicken Loans found Calyx system to be "the most nimble and scalable" for small and midsize lenders, Schroeder said. Charlotte, N.C.-based Quicken Loans Mortgage Services buys brokered and closed loans from financial institutions servicing-released, with agreements to refer borrowers back to the original institutions and not solicit them for future mortgages.Īlthough Quicken has proprietary technology used in its retail channel for consumer-direct originations, it found Calyx's system better suited for use by smaller banks and credit unions in the third-party origination channel for closed and brokered loans.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |