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.

Homeowners Achieve a More Realistic View of Home Values

By QLAdmin • Quicken Loans’ National HPPI shows appraised values 0.36% lower than homeowners estimated in March • Home values rose 1.84% nationally in March, but posted a 7.64% year-over-year increase, according to the Quicken Loans HVI DETROIT, April 10, 2018 – American homeowners are nearly seeing eye-to-eye with appraisers who are assigning a value to their home. In March, …

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Owner and Appraiser Opinions of Home Values Inch Closer To Equilibrium

By QLAdmin • Quicken Loans’ National HPPI shows appraised values 0.53% lower than homeowners estimated in February • Home values dipped 0.07% nationally in February, but posted a 6.37% year-over-year increase, according to the Quicken Loans HVI DETROIT, March 13, 2018 – The trend of home value opinions from appraisers and owners moving ever-closer together resumed in February, after taking …

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Owner Perception of Home Value Dips after Seven Months of Improvement

By QLAdmin • Quicken Loans’ National HPPI shows appraised values 0.60% lower than homeowners estimated in January • Home values rose 0.46% nationally in January, with a 7.03% year-over-year increase, according to the Quicken Loans HVI DETROIT, February 13, 2018 – The gap between an appraisal value and homeowner expectations widened in January – reversing course for the first time …

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Owners and Appraisers Closer to Seeing Eye-to-Eye on Home Value Than at Any Time in the Past Two Years

By John Gorecki • Quicken Loans’ National HPPI shows appraised values 0.50% lower than homeowners estimated in December • Home values rose 0.65% nationally in December, with a 6.17% year-over-year increase, according to the Quicken Loans HVI DETROIT, January 9, 2018 – The views of homeowners, and those who appraise their properties, are continuing to move closer together. Home appraisals …

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Appraisal Values Lag Homeowner Expectations, Quicken Loans Study Shows

By QLAdmin • Quicken Loans’ National HPPI shows appraised values were 1.90% lower than homeowners estimated in April • Home values rose 1.06% nationally in April, with a 5.08% year-over-year increase, according to the Quicken Loans HVI DETROIT, May 9, 2017 – Homeowner and appraiser views of home values are diverging more each month. In April, appraisals were an average …

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Owner Perceptions of Home Values Rise as the Year Ends

By John Gorecki • Quicken Loans’ National HPPI shows appraised values 0.67% lower than homeowners estimated in November • Home values dropped 0.09% nationally in November, with a 4.24% year-over-year increase, according to the Quicken Loans HVI DETROIT, December 12, 2017 – Homeowners, on average, have a higher opinion of their home values than appraisers do. However, the gap between …

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Gap Between Home Appraisals and Owner Estimates Widens for Sixth Consecutive Month

By QLAdmin • Quicken Loans’ National HPPI shows appraised values were 1.93% lower than homeowners estimated in May • Home values rose 0.63% nationally in May, with a 4.92% year-over-year increase, according to the Quicken Loans HVI DETROIT, June 13, 2017 – Home values continue to lag owners’ expectations. Appraised values were an average of 1.93 percent lower than what …

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