DETROIT, October 24, 2019 – Detroit-based Quicken Loans, America’s largest mortgage lender, today announced it has closed $40 billion in home loans in the third quarter of 2019, the highest quarterly volume in the company’s 34-year history. Additionally, mortgage volume hit its record high in September 2019 with $15 billion of closed loan volume – which will likely be surpassed in the coming months

As a result of significant growth in 2019, the company has already outpaced its total mortgage volume from 2018, $83 billion, and has surpassed Quicken Loans’ highest-ever full-year mortgage volume, $96 billion in home loans, which it attained in 2016.

“The first nine months of the year have been nothing less than inspiring – not only in terms of how much our company has grown, but because of the incredible number of clients we have helped achieve the American Dream of homeownership,” said Jay Farner, CEO of Quicken Loans. “The fact that we can provide homebuyers a simple, tech-driven mortgage experience that gives them transparency into the mortgage process drives our success. I am so grateful for our team members who continue to deliver the best service possible to our clients while also continuing to innovate and revolutionize the way Americans get a mortgage.”

In late 2015 Quicken Loans introduced Rocket Mortgage, the first fully-digital mortgage experience. Now, 98% of all home loans originated by Quicken Loans utilize Rocket Mortgage technology. Additionally, earlier this month, Quicken Loansannounced it has the ability to finish a mortgage with an eClosing in all 50 states and an astounding 96% of all eClosings completed in the United States have been on a Quicken Loans mortgage.

As Quicken Loans continues to grow, the company is looking to fill 1,800 open positions. The roles range from entry-level to highly-specialized – including mortgage bankers, QLMS account executives, underwriters, software engineers, data scientists, paid interns and more. Applicants can go toMyRocketCareer.com to learn about the available positions and to apply.

New team members will enjoy Quicken Loans’ first-class benefits offerings, featuring comprehensive health and well-being initiatives including on-site meditation and wellness rooms, fertility benefits, adoption and foster-care assistance, paid maternity and paternity leave, a nationwide childcare subsidy and more.

Quicken Loans also recently debuted the Rock Health Collective for its team members. The concierge health facility provides a holistic package of services that address all aspects of team members’ needs, including primary and urgent care, a full-service pharmacy, behavioral health, physical therapy, chiropractic care, wellness coaching and care navigation.

WASHINGTON, D.C. (October 24, 2019) — The Mortgage Bankers Association (MBA) today released a new white paper, The Basic Components of an Information Security Program, which gives an overview of current information security risks that affect the mortgage industry, as well as explanations of basic components of an information security program intended to help manage those risks.

“MBA continues to be an advocate for our members on cybersecurity issues, and we’re committed to educating and helping mortgage businesses identify emerging information security threats,” said Rick Hill, Executive Vice President of MISMO ^® and Vice President of Industry Technology at the Mortgage Bankers Association. “Our white paper gives mortgage professionals a better understanding of current risks, and offers high priority cybersecurity actions they can take to keep their information, systems and networks safe and secure.”

MBA’s white paper offers several recommendations for mortgage companies to consider when developing a cohesive information security program for their business. They include:

• Reviewing current laws and regulations that focus on consumer and data privacy as well as vendor management;
• Performing a risk assessment to better understand the current and potential information security threats that may impact the company;
• Completing an asset inventory of company data, equipment, and software;
• Having a plan for restoring business operations during or after a disaster or other business-impacting event;
• Providing proper information security training to employees; and
• Implementing a vendor risk management program that includes a list of vendor relationships and the risks posed by each vendor.

A copy of the white paper can be found here.

SAN DIEGO, Calif., Oct. 23, 2019 – Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm,announced that it has officially introduced a unique program called InvestorMatic™ in the lead up to the MBA Annual Convention & Expo in Austin, Texas being held Oct. 27 – 30. Amid increasing marketplace demands to digitize the mortgage loan trading process, the new program is designed to improve the lender experience in selling whole loans to their correspondent investor counterparts.

Company officials at MCT say the secondary market has traditionally been wrought with diverse and inefficient methods by which to communicate, initiate and accept loan bids, and complete whole loan sales between sellers and buyers. The InvestorMatic Program aims to address this problem and is the latest in a series of client-driven innovations that have been helping MCT clients optimize secondary marketing performance.

InvestorMatic is comprised of two core components: 1) a technology certification process that reviews and rates correspondent investors based on the convenience and depth of their whole loan sale process. 2) a suite of supporting software that assists correspondent investors in elevating the seller experience in key areas. This combination results in a much more efficient, streamlined, and secure whole loan trading process.

“For years, MCT has been helping lenders automate secondary marketing mortgage processes. Their continuous feedback and technology collaboration has played an instrumental role in the success of our core capital markets platform, MCTlive!,” said Phil Rasori, COO at MCT. “MCT’s InvestorMatic Program is our newest advancement, this time with a laser-focused goal of improving the lender experience in selling whole loans to their correspondent investor counterparts.”

MCT conducted extensive research in the development of InvestorMatic, which identified five key components of the loan selling experience that lenders are looking for from their correspondent investors. Among them are faster pricing and commitment turn times; fully functioning Bid Tape AOT delivery channels; encryption of data in transit and at rest; real-time shadow bids and pricing; and bid tape mark-to-market pricing.

Based on performance in these key areas, MCT will be certifying applicable correspondent investors at bronze, silver, and gold technology certification levels before said levels are published in early December. These certifications will provide a handy reference to lenders on the technology experience they can expect when considering a relationship with a particular investor. These certifications are made free-of-charge and regardless of the systems used, but InvestorMatic software is available to support interested investors. As always, MCT provides lenders with best execution analysis and recommendations designed to achieve their goals, and in which price competitiveness is the leading factor.

“Put simply, the MCT InvestorMatic Program is yet another step we’ve taken to move the mortgage industry forward in the secondary marketing space,” stated Curtis Richins, President at MCT. “Part of our long-term corporate vision is to digitize the entire secondary marketing process, and InvestorMatic will help our lender clients and the investor community get another step closer to achieving this goal.”

MCT will be holding discussions about its new InvestorMatic Program at the MBA Annual Convention & Expo in Austin, Texas being on Oct. 27 – 30.Register for the company’s upcoming webinar on Nov. 7 at 11 a.m. PST to learn more about the InvestorMatic program. https://mct-trading.com/mct-webinar-introducing-new-investormatic-program/