Quicken Loans

Quicken Loans
Detroit-based Quicken Loans Inc. is the nation’s second largest retail home mortgage lender. The company closed $140 billion of mortgage volume across all 50 states in 2013-2014. Quicken Loans generates loan production from web centers located in Detroit, Cleveland and Scottsdale, Arizona. The company also operates a centralized loan processing facility in Detroit, 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 five consecutive years, 2010 – 2014, and highest in customer satisfaction among all mortgage servicers in 2014. Quicken Loans was named among the top-30 companies on FORTUNE magazine’s annual “100 Best Companies to Work For” list for the last 12 consecutive years, ranking No. 12 in 2015.

Quicken Loans’ Measure of Home Value Perception Shows Appraisals Lagging Owner Estimates

By John Gorecki • Quicken Loans’ National HPPI shows appraised values were 1.69% lower than homeowners estimated in February • Home values rise 0.55% nationally, with a 2.95% year-over-year increase, according to the Quicken Loans HVI DETROIT, March 14, 2017 – Homeowners and appraisers are still not seeing eye-to-eye. Home appraisals were an average of 1.69 percent lower than what …

Read More »

Quicken Loans Study Shows Home Appraisal Value Lags Owner Estimates by a Wider Spread for Second Consecutive Month

By QLAdmin • Quicken Loans’ National HPPI shows appraised values were 1.47% lower than homeowners estimated in January • Home values rise 3.93% year-over-year nationally, despite slight drop from previous month, according to the Quicken Loans HVI DETROIT, February 14, 2017 – For the second consecutive month, the gap between homeowner estimates and appraiser opinions has widened. Quicken Loans’ National …

Read More »

Home Value Perception Reverses Course, Gap Between Owner Estimates and Appraisals Widens

By QLAdmin • Quicken Loans’ National HPPI shows appraised values were 1.33% lower than homeowners estimated in December • Home values fell 1.19% in December, but increased 3.85% year-over-year, according to the National HVI DETROIT, January 10, 2017 – The gap between homeowner estimates and appraiser opinions widened for the first time in six months. Quicken Loans’ National Home Price …

Read More »

Appraiser Opinions Trail Owner Estimates of Home Values By Just One Percent

By QLAdmin • Quicken Loans’ National HPPI shows appraised values closer to meeting homeowners’ estimates in November • Home values rose 0.42% in November and increased 5.28% year-over-year, according to the National HVI DETROIT, December 13, 2016 – Homeowner perceptions were a mere 1 percent higher than appraiser opinions in November, according to Quicken Loans’ National Home Price Perception Index …

Read More »

Quicken Loans HPPI: Owner Perception of Home Values Improves for Fourth Consecutive Month

By QLAdmin • Quicken Loans’ National HPPI shows appraised values were 1.15% lower than homeowners estimated in October • Home values dipped 0.62% in October but rose 5.97% year-over-year, according to the National HVI DETROIT, November 8, 2016 – Owner estimates of home values slightly exceeded appraisers’ opinions in October, although owner expectations moved closer to appraised values than they …

Read More »

Gap Between Appraisals and Perceived Home Value Narrows in September

By QLAdmin • Quicken Loans’ National HPPI shows appraised values were 1.26% lower than homeowners estimated in September • Home values dipped 0.28% in September but rose 7.78% year-over-year, according to the National HVI DETROIT, October 11, 2016 – Quicken Loans, the nation’s second largest retail mortgage lender, today announced appraisals lagged behind what homeowners estimated by 1.26 percent in …

Read More »

Home Appraisals Continue to Fall Below Owner Perceptions Nationally While Home Value Growth Leaps Forward

By QLAdmin • Quicken Loans’ National HPPI shows appraised values were 1.56% lower than homeowners estimated in August • Home values increased 1.73% in August and rose 8.13% year-over-year, according to the national HVI DETROIT, SEPTEMBER 13, 2016 – Quicken Loans, the nation’s second largest retail mortgage lender, today announced appraisals across the country were an average of 1.56 percent …

Read More »