Quicken Loans has filed for an initial public offering under the name Rocket Companies. So reports the Detroit Free Press.

I often write about what it takes for originators and managers to succeed in an ultra-competitive mortgage environment. Today, I want to discuss another person on the sales team who is indispensable: the mortgage processor. While mortgage processors are thought of as working behind-the-scenes, they are primary drivers of an excellent customer experience.

Bill Bodnar of The Mortgage Market Guide says there are three things he will be looking at this week. They include the coronavirus increase in several states, the policy response to the outbreak and the technicals.

A used car dealer has been sentenced to 25 months in prison for running an auto loan scam while he was on supervised release for a prior mortgage fraud conviction. So reports Patch.com.