national mortgage news
Quicken Loans
November 30, 2009 by reyjohnsmith · Leave a Comment
Quicken Loans has earned its place as one of the nation’s largest mortgage lenders and the leading online lender, offering superior customer service and innovative home loans. But don’t take our word for it.
This conclusion was made based not only on the customers’ reports but as well based on the country’s top reporters and industry analyst’s ideas.
FORTUNE Magazine considered Quicken Loans as one of its “100 Best Companies to Work” for in the United States.
Forbes, PC Magazine and Money Magazine recognized Quickenloans.com as a favorite online mortgage lending site.
According to National Mortgage News, Quicken Loans is the largest virtual lender in the U.S. of 50,000 lending online companies.
The company is so popular and successful due to the expert employees. They manage to bring income and satisfy the needs of the customers. Quicken Loans professionals are often quoted in the top newspapers, on radio as well as in business television programs.
CNBC, Squawk Box quoted the Chairman of the company Dan Gilbert, “People have to really look at an adjustable rate mortgage versus a 30-year fixed because they pay a huge premium for the longer term mortgage. You wouldn’t insure your home that’s worth $200,000 with a $500,000 policy, so why lock in a rate for 30 years if you’re only going to be in that home for three or four years?”
USA Today published the analysis of the chief economist at Quicken Loans, Bob Walters. He said, “Financing a home with an equity line can be particularly useful to business owners or commissioned salespeople whose income arrives in fits and starts.”
CBS MarketWatch heard senior vice president of Quicken Loans, Stephen Piazza, say “A borrower in a secure job and unlikely to be transferred, or a family that intends to stay put for 20 years, are good candidates for fixed-rate mortgages. And some borrowers are simply unable to stomach ARM risk. You have to say, If your payment went up $200 would you be ok? Some clients aren’t and they’re not comfortable thinking that may happen.”
New York Times: Bob Walters, Chief Economist, “People say, ‘rates are rising, I need to lock in a 30-year rate.’ But the rate environment is less important than matching one’s mortgage to their situation.”
When people know what to say they definitely know what to do. Every deed begins in mind, it is born with a thought.
