How Quicken Loans Is Working To Enhance The Broker Experience

Quicken Loans Mortgage Services SVP David Schroeder outlined what makes the broker experience such a successful one with the company in a short Q&A with HousingWire.

"One of QLMS’ newest tools is Value Genius. It adds speed and certainty to the appraisal process and offers cost-savings advantages, too," said Schroeder when asked how QLMS technology allows the company to pass its savings on to its partners' clients.

"We run both Fannie and Freddie’s underwriting engines simultaneously, and if our partner doesn’t receive a property inspection waiver or automated collateral evaluation, we determine that the property may be Value Genius-eligible. Next, we send an individual to the property to collect data. No licensed appraiser is needed, which is a cost-savings for our partners’ clients."

Schroeder also revealed that there is no property revisit necessary because of the property valuation water or request for desktop appraisal that QLMS provides.

The company claims that Value Genius could have the entire process completed in four days or less.

To read more from Schroeder's Q&A with HousingWire, click on the image above.

#QuickenLoans #MortgageServices #HelpingClients #HelpingPartners #Technology #BrokerExperience

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