Quicken Loans licenses software from Response Analytics
Quicken Loans has licensed Response Analytics’ Mortgage Asset Management solution to support its workflow for managing residential loans.
Quicken Loans, a 50-state, direct-to-consumer retail mortgage lender with more than 3,000 team members, is the nation’s largest online retail mortgage lender and the fifth largest retail mortgage lender overall.
Response Analytics’ software will be used by Quicken Loans when evaluating how to maximise the value of the loans it reviews for business partners.
“Response Analytics’ software will be very useful in helping us continue to evaluate our partners’ portfolios, while ensuring we continue to maintain the efficiency that has been the hallmark of Quicken Loans,” says Bill Emerson (pictured), chief executive of Quicken Loans.
Response Analytics’ Mortgage Asset Management solution helps financial services companies interested in acquiring and managing residential whole loans to:
• Interface with numerous data sources, models, internal systems and external fulfilment services, creating a single platform for monitoring and reporting
• Develop analytic insights from client data for use in proactively managing portfolios and improving asset performance
• Provide reporting capabilities which meet reporting requirements for investors across funds, investors and pools
“The selection of our solution by Quicken Loans validates the growing recognition that the new realities of today’s markets require new solutions,” says Brent Lippman, chief executive officer of Response Analytics. “New solutions that not only utilise the investments companies have made in models, data and systems, but also weave these disparate pieces together to provide business value and speed.”
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