The nation's fourth largest mortgage lender wants to forge lending relationships with credit unions.
Quicken Loans has launched Quicken Loans Mortgage Services to help community banks and credit unions that want to issue mortgages but lack the necessary expertise, time or resources.
"With increased rules determining who can originate mortgages, many banks and credit unions have found themselves with a desire to offer home loans, but [there is not a] large enough need to justify the cost of hiring mortgage consultants and underwriters," the company said when announcing the new service. "Quicken Loans Mortgage Services fills this need, while providing the high-level client service and technology-driven platform that has made Quicken Loans the nation's largest online lender."
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