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Frequently Asked Questions

Is Quicken Loans a mortgage broker?

Quicken Loans Mortgage Services (QLMS), is a division of Quicken Loans, the nation’s largest mortgage lender. QLMS works exclusively with community banks, credit unions and select brokers to provide mortgage products without the need for the financial institutions to hire mortgage origination staff.

Are Quicken mortgage loans good?

If your debt is higher than average and you want to purchase a home or are looking for a refinance home loan, Quicken Loans may be a good bet for securing a home loan. In addition to having a higher DTI tolerance than most mortgage lenders, it has multiple programs to help reduce payments.

Is Quicken Loans and Rocket Mortgage the same?

Quicken Loans was already an online lender, but it repositioned itself as even more virtual when it introduced Rocket Mortgage, which is a service portal, not a separate company. Beneath the new Rocket technology are the same underwriting standards as the Quicken mother ship.

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