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Quicken Loans Mortgage Services and CalyxSoftware Announce New Software

CalyxSoftware recently announced a new partnership with Quicken Loans Mortgage Services (QLMS), a division of Quicken Loans Inc., to power its Quicken Loans Origination System (Q-L.O.S.).

According to the company, the Q-L.O.S. is an easy to implement and use loan origination software (LOS) that “enables community banks, credit unions and select brokers to originate mortgages compliantly, quickly and profitably.”

Q-L.O.S. also offers users the ability to receive mortgage services and support directly from QLMS underwriters, operations team members, dedicated purchase and refinance specialists, and experienced account executives.

“Working with Calyx Software to launch Q-L.O.S. reinforces our deep-rooted commitment to providing our partner banks and credit unions access to the most cutting-edge technology and improving the mortgage experience for their clients,” said David Schroeder, VP of Quicken Loans Mortgage Services.

“Simply put, Q-L.O.S. addresses the very specific needs of today’s financial institutions in an intuitive and flexible way, allowing them to close more loans, faster,” he said.

According to Bob Dougherty, VP of Business Development at CalyxSoftware, many third-party originators are expanding their businesses and looking for new partners and better technology to serve their borrowers and improve the customer experience.

“We are proud to partner with an industry leader, like Quicken Loans, and excited that our Point and PointCentral technology will power Q-L.O.S,” said Dougherty.

About Author: Nicole Casperson

Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech's College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: nicole.casperson@thefivestar.com.

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